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How fast can biotech come up with a vaccine for the latest outbreak?

History suggests the road to a vaccine for the new pneumonia-causing virus will be long, unpredictable, and expensive.
Commuters in Hong Kong wear face masks as a precautionary measure to protect against the possible spread of a new pneumonia-causing virus.

The deadly outbreak of a novel coronavirus has sparked a race among biotech companies, each claiming that its technology can quickly whip up a vaccine to quell a potential crisis. But history suggests the road ahead will be long, unpredictable, and expensive.

Moderna Therapeutics and Inovio Pharmaceuticals are among the companies turning their focus to the emerging virus, called 2019-nCoV. Each has received millions in funding from the Coalition for Epidemic Preparedness Innovations, a global organization that has

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