Editor’s Note
COVID-19 limelight the $35 billion vaccine market This information came as a surprise to me as I did some research on this topic. As of this script, the coronavirus, or COVID-19, has spread to 28 countries, with over 76,000 infected. These numbers will only continue to grow, as the threat of a global pandemic is now upon us. On the backdrop of the epidemic, the vaccine market has grown six fold over the past two decades, worth more than $35 billion today, according to AB Bernstein. The coronavirus outbreak is bringing attention to the fast-growing vaccine industry. The vaccine market has grown six fold over the past two decades, worth more than $35 billion today, according to AB Bernstein. The firm said the industry has consolidated to four big players that account for about 85% of the market — British drug maker GlaxoSmithKline, French pharmaceutical company Sanofi, and U.S.-based Merck and Pfizer. “For every dollar invested in vaccination in the world’s 94 lowest-income countries, the net return is $44. Hard to argue against,” Wimal Kapadia, Bernstein’s analyst, said in a note. “This oligopoly has been built through significant market consolidation driven primarily by the complexities of the manufacturing and supply chain.” These companies have jumped into the race to combat the deadly coronavirus, working on vaccine or drug programs. Investors have been flocking to some biotech names amid market volatility in hopes that their initiatives to develop treatment and prevention for the coronavirus could come to fruition at some point. “Vaccines are long-lived assets, have high barriers to entry, typically stable/ growing pricing, mostly limited competition and no patent cliff,” Kapadia added. To be sure, while vaccine companies can see periods of high growth, real innovation is needed to be long-standing winners in a market that requires major capital and faces cheaper alternatives from emerging markets, the analyst cautioned. Dear Readers, do get acquainted to us as we have so much more to share with industry professionals like you. We discuss food processing, packaging, ingredient, sustainable food, nutrition, supplements, medical breakthroughs, innovation, technology, applications and more …… Sustainability itself is a profound topic in the 21st Century. It can refer generally to the capacity for the biosphere and human civilization to coexist. It is also defined as the process of people maintaining change in a homeostasis balanced environment, in which the exploitation of resources, the direction of investments, the orientation of technological development and institutional change are all in harmony and enhance both current and future potential to meet human needs and aspirations. Yes, there is awful of space for more discussions and room for government, pharmaceutical companies, suppliers, developers and others to be seen, and your message to be delivered to the right audience in Asia Food Journal. Come; take advantage of AFJ and write me a note about your possible promotion plans to editorial@harvest-info.com . We promise to assist you.
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