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Stock impact report

Rush to beat COVID-19 is unprecedented in pharmaceutical industry, veteran executive says [Toronto Globe and Mail (Ontario, Canada)]

Sanofi - American Depositary Shares (SNY) 
US:NYSE Investor Relations: sanofi.com/en/investors
Rush to beat COVID-19 is unprecedented in pharmaceutical industry, veteran executive says Clement Lewin has been in the vaccine industry for 25 years, leading research for some of the pharmaceutical industry’s biggest players, and he’s never seen anything like the past few months. “Unprecedented,” said Mr. Lewin, an associate vice-president at drug giant Sanofi S.A. who is at the forefront of the hunt for a pandemic vaccine. “I think for the people working on the [COVID-19] response, it absolutely will be a defining moment. I know it is for me ... I’ve worked on a lot of products but never quite this way.” The US$50-billion global vaccine industry – a landscape dominated by a handful of international giants – is in an all-out sprint amid the coronavirus pandemic, employing methods the industry would never have contemplated even a few months ago. Fierce competitors are shedding their historic rivalries to team up in the race, proprietary technology is being shared more openly than ever Show less Read more
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