Influenza Vaccines Market 2019 | Develop Rapidly by Players Seqirus Vaccines Limited, GlaxoSmithKline plc

Strategic merger and collaboration by the market players is boosting growth of the
influenza vaccine market. For instance, in 2015, BioCryst Pharmaceuticals, entered into license agreement with Seqirus Vaccine Limited, under which Seqirus grants worldwide rights to BioCrysts flu Treatment. Moreover, in August 2017, Sanofi acquired Protein Science Corporation. The acquisition added Flubok, the only FDA approved recombinant protein based influenza vaccine to the Sanofi’s product portfolio.

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Rising pipeline product to come up with new vaccine product as a part of key organic strategies by market players. For instance, 2017, Seqirus’s FLAUD, first and only adjuvant-based trivalent influenza vaccine, received MHRA approval against influenza virus in older aged people (adults aged 65 and above). In same year, Seqirus entered in the U.S market with its influenza vaccine portfolio, with over 50 million doses for protection against seasonal influenza of 2017-2018. The portfolio includes FLAUD, FLUCELVAX QUADRIVALENT, AFLURIA QUADRIVALENT, AFLURIA, and FLUVIRIN.

Moreover, in 2017, FluGen, Inc., received US$ 14.4 million by Department of Defense for evaluating Universal Flu Vaccine, RedeeFlu, of Mismatched Strains. In Sep 2017, Novavax initiating phase1/2 clinical trials for nanoparticle seasonal influenza vaccine in older adults. In April 2018, BiodVax Pharmaceuticals LTD., started enrollment of patients for phase 2 clinical trials for universal flu vaccine candidate, M-001.

Increasing prevalence of seasonal influenza in pediatric population is propelling demands for development of new vaccines. Influenza is estimated to infect 5% and 10% of adults and 20 to 30% of children. Moreover, companies are engaged in producing vaccines through innovative technologies such as egg-based, cell-based, and recombinant-based product for reducing the gap between demand and supply.

Furthermore, increasing awareness and initiatives to increase the vaccine coverage is helping in market growth. The 2017 – 2018 recommendations guidelines by the Advisory Committee on Immunization Practices (ACIP) mentions routine annual influenza vaccination for everyone aged older than 6 months. However, high cost of vaccine development is expected to hinder growth of the market over the forecast period.

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The key players involved in influenza vaccines market include Seqirus Vaccines Limited, GlaxoSmithKline plc, Sanofi, and MedImmmune LLC. Furthermore, companies having products in pipeline includes FluGen, Moderna Therapeutics, Novavax, and BioCryst.

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