Collapsing Demand for Pfizer COVID-19 Vaccines & Paxlovid, Pfizer Cuts $3.5 Billion

On Thursday, Oct. 12, the Director of the Centers for Disease Control and Prevention (CDC) perhaps, inadvertently shared the current state of COVID-19 vaccine demand, which appears fairly abysmal. Mandy Cohen mentioned at a mobile clinic situated in an elderly community center in California late last week in California that to date, since the vaccine was recommended Sept. 12 by her agency, 7 million doses of the monovalent COVID-19 booster targeting XBB.1.5 have been administered. This represents 2.1% of the total population. For comparison purposes, ultimately about 56.4 million people across the USA opted for the bivalent booster made available last September, representing about 17% of the nation’s population. Pfizer recently predicted the rate of vaccination with the new monovalent vaccine would hit 24%. Director Cohen’s reference to the total number vaccinated was first picked up by the San Jose Mercury News, then later other media such as Reuters and CNN.

Various news agencies attempted to spin the weak turnout for the inoculation noted by some of the right-leaning media such as The Blaze, Glen Beck’s media outlet. For example, CNN positioned the vaccinated figure in a positive light given the “rocky rollout.” COVID-19 has surged somewhat, and based on CDC data, by Sept. 30, approximately 11% of all COVID-19 tests making their way to the national public health agency evidenced a positive for the virus. In this latest surge, 1.6% of all emergency department visits are associated with COVID-19.