PRI’s Henry Miller Quoted in Yahoo Finance on Wuhan Flu Outbreak
Business impact widens as China fights to get infections under control
By: Anjalee Khemlani, Yahoo! Finance
Feb. 7, 2020
China’s deadly coronavirus outbreak continues to threaten multi-national companies, as a range of businesses from leisure to retail suffer from the outbreak’s after-effects.
The number of confirmed cases in the country surged past 31,000 Friday, well beyond three times the number of cases last week. While the number of new cases daily have dipped slightly, World Health Organization officials said on Friday the organization’s not ready to declare the worst over. . .
. . .Yet according to former FDA medical officer Henry Miller, it does give the company a leg up for manufacturing if a new vaccine is found.
Miller, currently a senior fellow at the Pacific Research Institute, told Yahoo Finance Friday that even if a vaccine is found, it isn’t going to be a profitable endeavor for the companies.
“In the last decade, companies have left vaccine production in droves,” he said. “It’s not very profitable in general, especially vaccines like this one that would be used once, if at all, and not on an ongoing basis.”