Global Vaccine Market Projected to Surge to $58 Billion by 2025
The global vaccine market is expected to surge to $57.5 billion by 2025, up from $33.7 billion in 2018, according to new figures from market research firm Research and Markets of Dublin, Ireland. The 7.9 percent compound annual growth rate (CAGR) predicted for the next 20 years is attributed to “increasing government initiatives towards immunization,” […]
FDA Official Uses Revolving Door to Join BioTech Company Developing mRNA Vaccines
U.S. Food and Drug Administration (FDA) official Wellington Sun, MD has been hired by biotechnology company Moderna Therapeutics, Inc. of Cambridge, MA to head its Vaccine Strategy and Regulatory Affairs division. Dr. Sun was director of the Division of Vaccines and Related Product Applications at the FDA’s Center for Biologics Evaluation and Research (CBER) where he […]
Drug Companies Pay FDA and NIH to Fast Track and Market Vaccines
When it comes to cozy business relationships between government and industry, there is nothing like the lucrative one that Congress has encouraged federal health agencies to create with the drug and vaccine industry. One hand washes the other. Have you ever wondered how some new drugs and vaccines vault to the front of the line […]
Global Vaccines Market Worth $48 Billion by 2025
The global vaccines market is projected to reach $48 billion by 2025, according to new estimates detailed in a report from Transparency Market Research. The anticipated cumulative annual growth rate (CAGR) of six percent from 2017 to 2025, however, is lower than the research firm’s previous estimate. In 2016, Transparency Market…
DPT Vaccines Recalled in China
The China Food and Drug Administration (CFDA) announced on November 6, 2017 that batches of the Diphtheria, Pertussis and Tetanus (DPT) vaccine from two companies, Changchun Changsheng BioTech and Wuhan Institute of Biological Products, did not meet national standards
Therapeutic Vaccine Market is Big Business
When the U.S. Food and Drug Administration (FDA) approved the first “therapeutic vaccine,” which is defined as a therapy that manipulates the immune system, a whole new market opened up for the vaccine industry. Driven as it is by an increasing worldwide incidence of…