For biotechnology companies, responding to a sudden public health crisis, like the coronavirus, can be risky business. It can take more than a year to develop a vaccine or treatment. By that time, the threat may be gone, leaving little or no demand for a drug.
The current coronavirus pandemic appears to be different.
The race to beat the pathogen is on, with many biotechs now expecting a large market for coronavirus therapies in 2021 or beyond. But the starting gun didn’t fire right away when the virus began spreading late last year.