The modern era of preventative vaccines began over 200 years ago with Edward Jenner’s pioneering work on a vaccine to prevent smallpox. As science advanced, additional vaccines were developed to prevent a broad range of deadly or debilitating diseases, including cholera, rabies, tetanus, influenza, polio, and, in more recent years, meningitis, human papillomavirus, and rotavirus. This scientific work, coupled with progress in the delivery of vaccines to populations in need throughout the world, has resulted in millions of lives saved, virtually eliminating a number of diseases. Vaccines have been identified as one of the greatest public health achievements of all time.
In 2015, the global vaccine industry will have revenue of approximately $25 billion, most of which is attributable to a...