Vaccines may be catching on.16 Sep 2020 05:40
Article below part of today's Times Market Report which soumds positive for ORPH.
Vaccines may be catching on
The race is on among the world’s big pharmaceuticals companies to develop the first coronavirus vaccine, but analysts expect the entire industry to get a shot in the arm from the outbreak.
Jefferies, the American broker, said that the pandemic had brought jabs into the mainstream consciousness, which it believes will “kick-start a new era for vaccines”.
“Covid-19 has introduced immunology to the masses and heightened infectious disease awareness, with governments also reassessing preparedness and health economics of prevention,” Peter Welford, an pharmaceuticals analyst at Jefferies, said.
His team reckon that will encourage more people to get their injections. Of the 500 or so people the analysts spoke to, 60 per cent said that the pandemic had “made them more likely to get future vaccinations”.
Jefferies estimates the vaccine market was worth $36 billion last year and by 2025 will have ballooned to more than $50 billion.
That bodes well for vaccine makers, such as Sanofi, Merck, Pfizer and GlaxoSmithKline, which makes more than two million jabs every day, for flu to shingles.