Reuters/Pilar Olivares
Municipal workers wait before spraying insecticide at Sambodrome in Rio de Janeiro.
- Global warming will bring an increased prevalence of several deadly tropical diseases and a need for new vaccines, according to a Morgan Stanley research note dated Tuesday.
- Between 383 million and 725 million more people may be exposed to Zika, dengue and other diseases by 2050, depending on the pace and severity of global warming, the analyst said. To fight those diseases, we'll need vaccines worth roughly $50 billion to as much as $170 billion.
- Morgan Stanley said Sanofi and GlaxoSmithKline are best positioned to help fight the diseases. Moderna, Takeda Pharmaceutical, Merck, Johnson & Johnson's Janssen Pharmaceuticals, and Pfizer could play a big role, too.
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The rise in global temperatures will bring about a growing presence of infectious disease creating a "critical role" for biopharmaceutical companies, according to a Morgan Stanley research note dated Tuesday.
By 2050, between 383 million and 725 million more individuals may be exposed to diseases that are spread by mosquitoes, such as Zika, dengue and yellow fever, the researchers said. The note names Europe as the region most susceptible to new infections and transmission as mosquitoes grow more prevalent, with about 400 million people at risk of mosquito-spread tropical disease by 2050.
Four climate scenarios detailed in the report estimate that between $50 billion to $100 billion worth of vaccines will be needed by 2050 to fight the diseases, according to the Morgan Stanley analysts. If more complicated vaccines are needed, the costs are estimated to land between $83 billion and $170 billion.
Climate-related disasters have already inflicted $650 billion of economic damage in the last three years, according to the note.
Morgan Stanley analyzed how seven biopharma companies could help develop vaccines for the diseases based on their current pipeline and previous successes: