Pfizer profits drop on lower Covid-19 product sales
![Pfizer profits drop on lower Covid-19 product sales](https://netstorage-legit.akamaized.net/images/498916209007dfc0.jpg)
Pfizer reported a drop in profits on lower sales of Covid-19 related profits Wednesday as it steers investments to other pharmaceutical areas and implements previously announced cost cuts. Much lower sales of Covid-19 vaccine Comirnaty and therapeutic Paxlovid accounted for a 20 percent drop in first-quarter revenues to $14.9 billion compared with the year-ago period.