Riding The Vaccine Wave
Business Today|December 13, 2020
The world of vaccine and drug development is being reset. Here's how indian pharma must reinvent to lead the new era of drug discovery and research
P.B. Jayakumar And Joe C. Mathew
Riding The Vaccine Wave

25%

Share of world Covid-19 vaccines to be produced in India

$93 billion

The size of the global vaccine market due to Covid-19 pandemic, from $41.6 billion in 2018

100+

Countries where Indian vaccines will be supplied

Normally, it doesn't make a great business case, especially between two outbreaks,” Vasant Narasimhan, global CEO of Swiss pharmaceutical multinational Novartis AG, said in an exclusive interview to BT in February 2020. He was reacting to why leading global drug discovery firms were least interested in developing vaccines against viral infections such as Covid-19.

At that point, the novel coronavirus infection that would swamp the world in the following months and drag down the global economy on a scale never seen in a century was still a curious virus surfacing in Far East Asia. India barely had three cases of Covid-19 even though the virus had surfaced in Wuhan three months earlier in mid-November 2019. And the World Health Organization (WHO) was yet to declare the outbreak a pandemic.

This story is from the December 13, 2020 edition of Business Today.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the December 13, 2020 edition of Business Today.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM BUSINESS TODAYView All
Four Levers Of Enterprise AI Strategy
Business Today India

Four Levers Of Enterprise AI Strategy

Wide-scale private sector AI deployment and new AI-based business opportunities and ecosystems can truly supercharge the Indian economy

time-read
4 mins  |
April 28, 2024
"Don't let a unique chance slip by"
Business Today India

"Don't let a unique chance slip by"

JEFF MAGGIONCALDA | CHIEF EXECUTIVE OFFICER | COURSERA

time-read
1 min  |
April 28, 2024
THE INCOMING DISRUPTION
Business Today India

THE INCOMING DISRUPTION

The disruption in the industrial sector is still unknown, but inevitable. Companies need to wake up

time-read
2 mins  |
April 28, 2024
THE WHEEL WHISPERER
Business Today India

THE WHEEL WHISPERER

For Manan Shah, Managing Director of MICL Group, luxury cars are not about showcasing one's wealth or status. It is about personal well-being

time-read
2 mins  |
April 28, 2024
TRIPPING WITH TECH
Business Today India

TRIPPING WITH TECH

A road trip is an adventure like no other. While you take in the experience, get some peace of mind with these nifty gadgets

time-read
2 mins  |
April 28, 2024
Transforming Spaces
Business Today India

Transforming Spaces

WHETHER YOU WANT TO REDECORATE YOUR BEDROOM OR HALLWAY, A GORGEOUS WALLPAPER ADDS FLAIR TO YOUR HOME AND ALLOWS YOU TO STAMP YOUR STYLE IN YOUR NEW ABODE

time-read
3 mins  |
April 28, 2024
PMS VS MF THE BIG FIGHT
Business Today India

PMS VS MF THE BIG FIGHT

HOW DO MUTUAL FUNDS AND PORTFOLIO MANAGEMENT SERVICES MATCH UP? KNOW THE SCORE ON STRUCTURE, RULES, ENTRY FEES, CHARGES, AND TAX PERKS TO PICK THE RIGHT PATH FOR YOUR FINANCIAL JOURNEY

time-read
5 mins  |
April 28, 2024
ALPHATALE
Business Today India

ALPHATALE

MONEY MANAGERS TO THE AFFLUENT DELIVERED ROBUST RETURNS TO INVESTORS IN THE PAST YEAR, THANKS TO THE BUOYANCY IN THE MARKETS. BUSINESS TODAY DECODES THEIR STRATEGY

time-read
8 mins  |
April 28, 2024
"THE ALTERNATIVES SPACE CAN GROW 3X IN FIVE YEARS"
Business Today India

"THE ALTERNATIVES SPACE CAN GROW 3X IN FIVE YEARS"

Vikaas M. Sachdeva, MD of Sundaram Alternates, talks about where India's alternative investment industry is headed

time-read
3 mins  |
April 28, 2024
"ALWAYS BE DATA-DRIVEN WHILE INVESTING"
Business Today India

"ALWAYS BE DATA-DRIVEN WHILE INVESTING"

First Global's Founder and CMD Devina Mehra on her company's PMS outperformance, technology and industry

time-read
3 mins  |
April 28, 2024