Novel vaccines improve potential for European makers
The vaccines market, which was earlier associated with low profit margins and slow growth rates, has gained momentum in recent years through innovation. The arrival of novel vaccines for diseases with a high burden and continuous investments aimed at boosting production capacity is driving growth in this previously unattractive market. A new analysis from Frost & Sullivan, European Vaccines Market, finds the sector had sales of $4.50 billion in 2007 and projects this to reach $9.85 billion in 2014.
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