British Covid vaccine maker AstraZeneca said Thursday that net profit collapsed last year, hit by the vast takeover of US biotech firm Alexion and other charges, despite surging revenues, IgbereTV reports.
Profit after tax slumped to just $112 million (98 million euros) compared with $3.2 billion in 2020, the pharmaceutical company said in a statement.
However, revenues including Covid-19 vaccine sales rebounded 41 percent to $37.4 billion.
The Covid jab, Vaxzevria, achieved full-year sales of almost $4 billion.
However, the group warned Thursday of declining coronavirus product sales this year as the deadly pandemic recedes.
