Coronavirus brings light to the $35 billion vaccine marketKey Points:
- The vaccine market has grown sixfold 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 drugmaker GlaxoSmithKline, French pharmaceutical company Sanofi, and U.S.-based Merck and Pfizer.
...Still, any commercial treatment for the coronavirus could be years away.
Experts have warned despite recent advances, the public shouldn’t expect a coronavirus vaccine to hit the market until early next year."
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