The global vaccine market is on a tear, growing at an annual rate of 11.5%, far outstripping drugs and devices. Although 80% of the $30 billion market is held by Merck & Co. Inc., Sanofi, GlaxoSmithKline PLC and Pfizer Inc., a raft of biotechs are working on transformative technologies that could shake up established brands. Standing at the forefront of these upstarts is Genocea Biosciences Inc., one of a handful of clinical-stage companies, laboring in the shadow of immuno-oncology firms, which are harnessing T-cell immunity in vaccines for non-cancer therapeutic areas. It is starting with viral and bacterial infections, but has the technology and ambition to eventually expand into cancer and autoimmune disease.
The road won’t be easy. Genocea dodged a bullet on May 20, 2015, when it reported topline Phase II data...