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

The Coronavirus pandemic of 2020 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. With amazing speed, global demand and unprecedented levels of investment may result in the production of a Coronavirus vaccine in less than 12 months.  In the U.S., the Trump administration…

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