The process to develop a vaccine typically takes a decade, but an untypical circumstance is calling for it to be done in a fraction of the time, the head of a French pharmaceutical giant told CNBC’s Jim Cramer on Friday.
“Ordinarily it takes 10 years to invent a vaccine,” said Paul Hudson, CEO of Sanofi, which is in the race with multiple companies to fashion a remedy to fend off COVID-19, the deadly disease caused by the new coronavirus.
“The main reason is because you’ve got to give it to a lot of healthy people on a massive scale,” he said in a “Mad Money” interview.
With the world seeking solutions to slow the spread of the virus, Sanofi Pasteur, the company’s vaccine division, is working to complete the development process in 12 to 18 months. The process includes the exploratory stage, pre-clinical stage, clinical development, regulatory review/approval, manufacturing and quality control, according to the Centers for Disease Control and Prevention.
To do so, Sanofi is…