Four drug makers brought in more than $14 billion in sales of COVID-19 treatments in 2021, but that will be tempered as omicron wanes and if the virus is kept under control this year.
Four drug makers brought in more than $14 billion in sales of COVID-19 treatments in 2021, but the lucrative, new market will be tempered if the virus is kept under control this year.
That said, as the omicron wave wanes, all signs point to a very different landscape for COVID-19 treatments in 2022. Veklury is also an antiviral, though it’s primarily been used as an in-hospital treatment. That is changing now that the Food and Drug Administration said the treatment can be administered in outpatient settings to people with mild or moderate COVID-19 who are at high risk of disease progression.
The market for monoclonal antibodies likely won’t fare as well, now that it’s evident that variants can impact the therapies’ effectiveness and Wall Street is focused on what else these drug makers have to offer investors. The company said that it already has another monoclonal in development, called bebtelovimab, which it submitted to the FDA for authorization in January.
France Dernières Nouvelles, France Actualités
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