Too slow Sanofi calls time on coronavirus vaccine program
As rivals entrench their lead in the coronavirus vaccine market, French vaccines giant Sanofi (Euronext: SAN) has finally dropped out of the race.
The firm recently received positive interim results for its COVID-19 vaccine candidate, validating the platform and giving rise to hopes that further mRNA-based therapies could be developed in future.
However, with frontrunners gaining more ground on the regulatory and commercial front, the market for vaccines to stop the ongoing pandemic appears increasingly saturated.
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Chairman, Sanofi Aventis UK
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