With the great news about a Covid vaccine coming from BioNTech and Pfizer earlier this week, the challenge of administering the inoculation program has now come into focus.
Why? The vaccine needs to be stored at minus 70 degrees Celsius (-94 F), which creates clear logistical challenges.
And this is where cold chain technologies come into play.
We covered what cold chains are in this client research brief, but at a high level, the pharma cold chain refers to the supply network of refrigerated trucks, planes, labs, and storage facilities that enables the secure and safe delivery of drugs. Cold chain management in medicine saves drug companies, hospitals, pharmacies, and labs millions by preventing lost product and regulatory penalties.
There has been increased investment into the cold chain globally of late, but as this search for cold chain on CB Insights shows, a lot of it is focused on the transport of fruits, vegetables, and meat, which makes sense given the on-demand delivery boom we’re seeing globally. Much of the investment is also happening in Asia with India and China, in particular, seeing a lot of activity.