Big drugs companies see a bright future for vaccines
FOR decades vaccines were a neglected corner of the drugs business, with old technology, little investment and abysmal profit margins. Many firms sold their vaccine divisions to concentrate on more profitable drugs. This troubled public-health experts because vaccines are a highly effective way of dealing with diseases.
Happily, a renaissance is under way. Global vaccine sales vaulted from $8.9 billion in 2005 to $22.2 billion last year. Insurers and governments in the rich world have started to pay higher prices: firms making new vaccines against pneumococcal disease or the human papilloma virus are getting $100 or more per dose. Peter Hotez of the Sabin Vaccine Institute says there is more interest in making vaccines for the poor too, thanks to rich donors. …



