And a lot of innovation is occurring at the small-company level. “It wouldn’t surprise me if it turns out to be a small American biotech company that develops the first vaccine,” Jim continues.
But don’t misunderstand—it won’t be easy. “We have to be honest that we really don’t understand this disease,” Merck’s chief patent officer Julie Gerberding said in a recent industry call, according to Informa PharmaIntelligence. (Merck invented the world’s first approved Ebola vaccine, so she knows.)
And scaling will be difficult. “The capital investment required is large and it takes time to make sure that the manufacturing processes are safe and simple, and can meet the demand not just in the developed world, but for all of the countries and environments where the medicine is necessary,” she continued.
But if anyone can do it, it’s biotech. Speaking about the SARS outbreak in 2003, she said, “[W]e had a few companies step forward to try to create antivirals, vaccines, or immunotherapies but none of those products ended up crossing the finish line. Fast forward to where we are in 2020, 130 candidates just for antivirals…this is an unprecedented investment and engagement of the entire biopharmaceutical industry.”
“It really is the finest moment of the biopharmaceutical industry,” she concluded. We agree.
Learn more about how the biotech industry is collaborating to beat COVID-19 at www.bio.org/coronavirus.
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