1. News
  2. Explained

Scientists are Racing Against Time to Develop a COVID-19 Vaccine

Professor of Financial Economics and Part-time Value Investor, Transfin.
Mar 28, 2020 12:21 PM 1 min read

How to Defeat a Deadly Virus?

By trusting science and scientists (and, of course, by staying indoors).


Around the world, more than 40 teams are working around the clock to develop a vaccine for the coronavirus. For scientists, it is the most urgent quest of their lives. 


Mere weeks into the pandemic’s lethal spread around the world, the prospects of mustering a vaccine cure – which, if successful on time and mass-produced and easily available, would be a gamechanger in the world’s fight against this virus – are a welcome allure.


Need for Speed

The pace of development is staggering. One vaccine team, an American biotech firm, developed a possible cure in 63 days and moved into human trials – a “world indoor record”.


But if you look through history, vaccines have saved millions of lives, but they’re no piece of cake. Developing them, trying them, and bringing them to the market used to take decades.


A workable COVID-19 vaccine is still probably months away - but we probably won't have to wait till 2030 or 2040 for it. Why has the pace picked up?


The race to develop a COVID-19 vaccine is a race against time – a vaccine is indispensable for people and the global economy as the world shuts down to escape the virus.


But the rapid pace of vaccine development currently underway also signifies something else: The massive advancements in genetic technology in recent years.


Interested in more fun facts and trivia that can nudge you towards stimulating conversations? Subscribe to our Podcast Newsletter to keep them coming!