FierceBiotechFierceBiotechResearchFierceBiotechITFierceVaccinesFiercePharmaFiercePharmaManufacturing   FierceHealthcare

Free Newsletter

About | View Sample | Privacy
Related Topics >> swine flu

Swine flu hands vax industry $7B windfall

Tools

Swine flu may be sickening millions of people, but it's adding a healthy hue to the financial performance of the vaccine industry. The Boston Globe reports that the pandemic is delivering a $7 billion windfall to manufacturers.

They're using some of that avalanche of cash to invest in new technologies, while benefiting from what they've learned about fast-track vaccine development. That new knowledge and technology will be put to good use as the vaccine industry is projected to double in size in seven years. Scientia Advisors estimates that total vaccine revenue will jump from $16 billion in 2007 to $35 billion in 2014.

"With a pandemic like this, the upside for us is clearly significant,'' Andrin Oswald, chief executive of Novartis Vaccines and Diagnostics, tells the Globe. "The quicker we can ramp up our volume, the better it will be for people in the United States and around the world.''

- read the article from the Boston Globe

Related Articles:
Glaxo expects $2.1B swine flu vax windfall
Swine flu scares up multibillion-dollar windfall

Bookmark and Share
Get Your FREE FierceVaccines Email Newsletter:
Be the first to comment
More stories about swine flu  

Comments

Post new comment

The content of this field is kept private and will not be shown publicly.

More information about formatting options

To combat spam, please enter the code in the image.