RSV Vaccine Market Poised for Growth as Pfizer, Sanofi Gain Approvals
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The respiratory syncytial virus (RSV) vaccine market could be worth $10 billion by 2030. Pfizer and Sanofi recently got approvals for RSV vaccines.
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Pfizer's vaccine is approved for infants and older adults. Sanofi's is for infants. The market for older adults may be larger.
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Other companies like Moderna are also developing RSV vaccines. The $10 billion market will be split between multiple players.
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Pfizer has launched several new drugs recently, showing innovative capabilities. Its stock price has dropped in 2022 but should rebound.
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Sanofi has growth drivers like eczema drug Dupixent. It also acquired a company making a diabetes prevention drug. Sanofi is a solid long-term biotech investment.