Vaccines are one of the biggest successes of modern medicine. They save up to 3 million people worldwide every year. From research and discovery to product development, it can cost up to a billion dollars to make one vaccine, and that process — can last up to 15 years. During the past few decades the number of companies producing vaccines has dwindled to just a handful. There are other players in the space but today the four big drug companies that now dominate the market are Merck, Pfizer, Sanofi Pasteur and GlaxoSmithKline.
» Subscribe to CNBC: http://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: http://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC Classic: http://cnb.cx/SubscribeCNBCclassic
About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC
#CNBC
#Vaccines
The History Of Vaccines And Why Sales Are Rising
source
history
More Stories
There’s more to NFTs than just PFPs — 5 ways nonfungible tokens will transform industry
Anchor Protocol (ANC) is rallying despite a broader market tumble
Bitcoin switch to proof-of-stake remains unlikely