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Pfizer CEO Albert Bourla warned Wednesday of "constant waves" of COVID-19.
He pointed to complacency around the virus, politicization of the pandemic, and waning immunity.
Cases are rising in the US, and the rate at which people are getting vaccinated is falling.
The world is likely to suffer from "constant waves" of COVID-19, the CEO of Pfizer said Wednesday.
Albert Bourla pointed to complacency around the virus, the politicization of the pandemic, and diminishing immunity from vaccines and prior infections, the Financial Times reported.
People are also growing tired of COVID-19 safety regulations, said Bourla, who was speaking at the World Economic Forum in Davos, Switzerland, where world leaders and members of the business elite are gathered for an annual summit.
While COVID-19 cases are falling globally, they've been gradually rising in the US since early April, according to data from Johns Hopkins University. In the week that ended Sunday, the US reported 790,000 new cases, more than three times as many as were reported in the last week of March.
Pfizer said on May 3 it expected 2022 revenue from Comirnaty, its COVID-19 vaccine, of about $32 billion.
"What worries me is the complacency," Bourla said in Davos, adding that fewer people were wearing masks and that even people who have already been vaccinated were less likely to get booster shots. The consequences will likely be seen in three to six months, he said.
Bourla said Pfizer believed that antiviral drugs would replace vaccines as the key weapon in fighting the coronavirus, at least until shots providing a longer period of immunity are developed. Pfizer is "doubling down" on producing its antiviral pill Paxlovid, Bourla added.
Pfizer on Wednesday announced that it would provide all of its current and future patent-protected medicines and vaccines in the US and EU on a not-for-profit basis to 45 lower-income countries, which it said collectively had 1.2 billion residents.
There have been more than 526 million reported COVID-19 cases globally and 6.28 million deaths, according to data from Johns Hopkins University.
Almost 11.5 billion doses of coronavirus vaccines have been given globally, according to the data, but the rate at which people are getting vaccinated is falling. In the week ending June 27, about 325.5 million doses were administered. In the week to May 22, just 38.6 million vaccines were given, according to the data.
Read the original article on Business Insider