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The Extraordinary But Uncertain Growth Of The COVID-19 Market

Q1 Sales Of Leading Products

 
• By John Davis

The value of the COVID-19 market reached more than $8bn in the first quarter, fuelled by mRNA-based vaccines, but the future growth of the sector depends on the rather unpredictable course of the pandemic, and the response of healthcare providers and countries.  

covid injection
• Source: Alamy

The value of the COVID-19 market reached at least $8.5bn in the first quarter of 2021 for major pharmaceutical and biotech companies, an extraordinary amount, and its value is expected to increase, for vaccines alone, to nearly 10 times that amount in the full year.

Among a selected group of major pharmaceutical and biotech companies, the mRNA COVID-19 vaccines from Pfizer Inc./BioNTech SE and Moderna, Inc. achieved the highest amount of sales during the first quarter, with Gilead Sciences, Inc

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