Pfizer's financial narrative is a massive, terrifying story of a historic 'COVID Boom' followed by a highly painful, multi-billion dollar 'COVID Hangover'. During the pandemic, their revenue absolutely exploded to over $100 billion as the world desperately bought their vaccine and antiviral pill (Paxlovid). However, as the pandemic ended, revenue instantly crashed. Their current financial strategy is utilizing the massive mountain of cash they hoarded during the pandemic to execute highly aggressive, multi-billion dollar acquisitions (like buying Seagen for $43 billion) to secure cancer treatments before their legacy drug patents expire.