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In the United States, nearly 164 million people, or 49.5% of the population, have been fully vaccinated, according to the CDC. The Biden administration’s $10 million investment to expand access to the COVID-19 vaccines in the hardest hit communities in March has been a major driver in the country’s fast-paced vaccination program. Nevertheless, with some 50% of the population yet to be fully vaccinated, biotech companies with a vaccine candidate are expected to generate substantial revenues in the coming months. In addition, many companies have made major breakthroughs in the treatment of life-threatening ailments, thanks to the advancements in the field of biotechnology. And the industry’s focus on critical ailments is increasing.
Given this backdrop, we think biotech companies Moderna, Inc. (MRNA), Illumina, Inc (ILMN), Regeneron Pharmaceuticals, Inc. (REGN), and BioNTech SE (NASDAQ:BNTX) should grow significantly in the coming months.
