Biotech Values

[dewophile]

PFE

Pfizer shares are almost back to where they stood prior to the pandemic’s start in 2019

PFE is now below it’s pre-pandemic level and down over 26 percent YTD. I don’t get it. Declining Covid sales and the large patent cliff is not new. The only thing I can think of is lack of confidence in the pipeline and BD. It’s low enough (and safe enough) that I may take a small position. If you can think of a reason not to let me know!
Ps: I was waiting on the ENTA Covid data and RSV label (and flu coadmin data) next quarter but I may pull the trigger early