THE NEW CORONA VACCINE: A WELCOME NEWS BUT WE NEED TO KEEP OUR FINGERS CROSSED
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Abstract
Vaccines are a billion dollars business, WHO reports that the Vaccine market has grown exponentially in past few years. It was worth 5 billion in year 2000 enhancing to 24 Billion in 2013 with market growth of 10-15% per year compared to 5-7% for the pharmaceuticals and the market volume of Vaccine in 2020 is around 60 billion US dollars. More than 100 companies had been working on Corona vaccine across the globe. The Russian President Vladimir Putin announced in August this year the discovery of Corona Vaccine including his daughter to be one of trial subject. Chinese have also developed the vaccine and are conducting phase 3 trials including in Pakistan. UK and some other countries are working on similar plans, however none of these could get a response as favorable and the one announced by Pfizer on 9th November 2020.
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