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Health Equity

Opinion: The world’s most sophisticated drug companies are putting billions into vaccines — despite the political environment

The science of vaccines is advancing

Nov. 12, 2026, 8:00 a.m. ET

The global vaccine market is on track to reach an estimated $116 billion by 2033. Photo: MarketWatch photo illustration/iStockphoto

The vaccine discourse gets more contentious by the month. These days, it’s a mix of stories about COVID-19, the measles, vaccine hesitancy, political sparring and changing recommendations.

Amid the fiery debates, it is easy to overlook that the smartest players in the biopharmaceutical industry already placed their bets on vaccines.

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