Thursday, December 09, 2004

Chiron Boosts Vaccine Market

The current suspension of Chiron, the company that had supplied most of the US's flu vaccines, has been extended until at least April. But in the mean time, Bush has been frantically searching it seems for other companies providing vaccines.

At least three other companies have been temporarily approved by the FDA for vaccinations, including Glaxo, a company that since 1992 has been supplying at least 70 other countries with vaccines but never the US. The stock in these companies is climbing quickly, and more are becoming interested in the US as a market for flu vaccines. So why did the US rely solely on one company to provide vaccines, and can we blame the government for the shortage panic this flu season? Sure, this seems great for all of the prospects for the industry, but this emergency approval for the companies rushing to get in line leaves me NOT rushing in line to get a flu shot.

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