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One year ago, World Health Organization Director-General Tedros Adhanom declared the COVID-19 outbreak to be a pandemic. At the time of the announcement, the WHO noted that there were 118,000 cases reported globally, but in its most recent situation report, the WHO indicated that as of March 7, 2021 there have been 116,166,652 cases globally.
The response to the COVID-19 pandemic by the global biopharmaceutical industry over the past fourteen months has been unprecedented. From December 30, 2019, when SARS coronavirus was first detected in a patient sample, and January 10, 2020, when the complete genome of severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) was released, multiple treatments and vaccines have been developed and approved for use in combating COVID-19. And the rapid development of these treatments and vaccines has, as the Pharmaceutical Research and Manufacturers of America (PhRMA) recently put it, been "nothing short of incredible." For example, the U.S. Food and Drug Administration granted Emergency Use Authorization (EUA) for Gilead Sciences' remdesivir 123 days after the virus was first detected in a patient sample, granted EUA to Eli Lilly's antibody treatment 315 days after the virus was first detected, and granted EUA for the Pfizer-BioNTech vaccine 347 days after the virus was first detected. And since the pandemic was declared a year ago, the FDA has also granted EUA for Regeneron's antibody treatment, as well as for Moderna's and Johnson & Johnson's vaccines, with other vaccines expected to be granted EUA by the FDA shortly.