Profit is at the centre of all these endeavours. The Wall Street is already monitoring biotech companies involved in making these products. According to Nasdaq, a global electronic marketplace for buying and trading securities, the company to invest in is Dynavax Technologies Corporation, a California-based firm that makes adjuvants-chemicals which can make the vaccine more effective. This company has secured funding from Oslo-based nonprofit Coalition for Epidemic Preparedness Innovations (CEPI), which has invested up to $29.2 million in the search for a COVID-19 vaccine. The organisation hopes to fund at least three vaccine candidates and estimates it would need an investment of US$2 billion to do so.
This story is from the April 16, 2020 edition of Down To Earth.
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This story is from the April 16, 2020 edition of Down To Earth.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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