The Coronavirus’ Effect on the Biotech, Pharmaceuticals & Genetics Industry, Business and Industry Trends Analysis

The Coronavirus pandemic created immense demand for preventative vaccines, and also for treatment therapies for patients suffering from the virus.  Billions of dollars are being invested in research.  A new drug therapy traditionally takes from 10 to 15 years to research, develop, put through clinical trials and get into the hands of doctors.  Historically, new vaccines have also taken as many as 10 years to get to market. Continuing mutations of the virus, such as the Delta and Lambda variants, will keep Coronavirus research and vaccines at the forefront of the biotech industry for an extended period.  While the size…

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