Vaccine development is a case of 'market failure'. Here's why

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Reliance on the private market to develop vaccines has failed, leaving us vulnerable to pandemics such as COVID-19, public health experts say | liammannix

Reliance on the private market to develop vaccines has failed, leaving us vulnerable to pandemics such as COVID-19, public health experts say.revealed on Sunday at least three SARS vaccines that may have prevented COVID-19 were cut off from funding as they were about to go into clinical trials.

The final study needed for a vaccine to be approved is much more expensive than a similar study for a drug because the study needs to be huge to definitively show prevention of a disease – “tens of thousands to hundreds of thousands of participants”, said Professor Sullivan. Dr Seth Berkley, CEO of Gavi, said it was very difficult to get funding for research on vaccines for viruses that have not yet become pandemics.

 

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liammannix HA! The vaccines don't work. You've learnt that already, right? Moron.

liammannix If anything helps..lets do it. There will be lots of failures before success!

liammannix You don't say! Who was it that gutted the CSIRO again HonTonyAbbott ScottMorrisonMP ? auspol coronavirus COVID19Aus

broomstick33 liammannix Dear SMH, You supported the election of Tony Abbott, who went on to trash the infectious diseases group - along with destroying the very effective carbon tax, and stuffing the NBN. And what a mess we are in. Have you ever apologised? Acknowledged that you got it very wrong?

liammannix If they funded unis properly we could research and rely on foreign volatility less

liammannix Once upon a time the government ran the Commonwealth Serum Laboratories. It began life as a government enterprise charged with safeguarding the health of Australians fighting in World War I and was among the first to offer drugs such as insulin and penicillin to civilian citizens

liammannix Trial is not just skipping a significant safety step, it’s skipping the important step of learning, through the animal trial, whether the vaccine will be useful at all. It’s interesting. Vaccine developers usually test on animals before humans, there are no laws saying they must

liammannix vaccines can’t be fast tracked desperate times call for desperate measures—that the risks of a worsening pandemic outweigh the possibility that the vaccine could adversely affect participants.

liammannix Our policy makers and governing leaders seem to have allergies when it comes to funding science, scientific researches and studies on the public sector.

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Are pharmaceutical companies likely to profiteer from coronavirus?Pharmaceutical companies have rolled up their sleeves to develop a coronavirus vaccine, but there are unanswered questions about risk and cost. Is there any question? Why not the LNP are. They make the standards Of course they will.
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