Bill Gates Says Health Care Workers Will Be First to Get Coronavirus Vaccine

Bill Gates Says Health Care Workers Will Be First to Get Coronavirus Vaccine

Microsoft founder and philanthropist Bill Gates predicted on Mar. 18, 2020 that the first licensed coronavirus vaccines for COVID-19 will be available within 18 months and that health care workers will be among the first to get the shots. Gates co-chairs the Bill & Melinda Gates Foundation, which recently invested $50 million to develop a […]

Doctors Avoid Hand Washing Despite Evidence It is Best Way to Reduce Infections

Doctors Avoid Hand Washing Despite Evidence It is Best Way to Reduce Infections

The U.S. Centers for Disease Control and Prevention (CDC) has been urging everyone to thoroughly and frequently wash their hands since reports of the coronavirus outbreak in China, highlighting the long recognized practice of hand washing as a tried and true infection control measure.1 A little known fact is that among all health care providers, […]

Chinese Pharmaceutical Industry Competes for Vaccine Market Share

Chinese Pharmaceutical Industry Competes for Vaccine Market Share

China’s National Medical Products Administration has announced that two Chinese pharmaceutical companies, Walvax Biotechnology and Innovax, have been approved to start selling their own version of drugs previously available only through global pharmaceutical giants Pfizer, Merck and GlaxoSmithKline.1 Cecolin, developed by Innovax, will compete in the Human Papilloma Virus (HPV) arena against Merck’s Gardasil and […]

Vaccine Market Valued at $93 Billion by 2026

Vaccine Market Valued at $93 Billion by 2026

A recent report by Fortune Business Insights projects the value of the world market for vaccines to reach $93.08 billion by 2026, with a Compound Annual Growth Rate (CAGR) of 10.7 percent during the forecast period.1 One of the main drivers of the vaccine market is the need for greater supplies of vaccines, given stricter government […]

Pfizer Fined Again for Violating Drug Laws

Pfizer Fined Again for Violating Drug Laws

Colombia’s national regulatory agency, the Superintendency of Industry and Commerce (SIC), has fined pharmaceutical company Pfizer $25,000 for allegedly inflating the price of several prescription drugs it sold in that country.1 2 On July 31, 2019, the agency stated: The decision was taken after verifying information related to PFIZER SAS’ commercial operations between July and December […]

Google Joins the Pharmaceutical Industry

Google Joins the Pharmaceutical Industry

Story Highlights Google, the world’s most widely used internet search engine, restructured itself to give semi-independence to its many subsidiary organizations under a new umbrella entity called Alphabet. Two of the divisions are focused on the business of medicine and operate in partnership with some of the world’s most powerful pharmaceutical companies that develop and […]

Former FDA Commissioner Gottlieb Joins Pfizer

Former FDA Commissioner Gottlieb Joins Pfizer

Former Food and Drug Administration (FDA) Commissioner Scott Gottlieb, MD has joined the board of directors of Pfizer, Inc.—the world’s largest pharmaceutical company and second largest manufacturer of vaccines. Pfizer, which posted total revenues of $53.7 billion in 2018, announced Dr. Gottlieb’s election to the board on June 27, 2019.1 2 3 4 Dr. Gottlieb, […]