• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
CommentaryVaccines

To finally develop a universal flu vaccine, innovative science and financing must combine forces

By
Harvey V. Fineberg
Harvey V. Fineberg
and
Shirley M. Tilghman
Shirley M. Tilghman
Down Arrow Button Icon
By
Harvey V. Fineberg
Harvey V. Fineberg
and
Shirley M. Tilghman
Shirley M. Tilghman
Down Arrow Button Icon
December 11, 2019, 6:02 PM ET
shot-of-influenza-vaccine
10 October 2019, Mecklenburg-Western Pomerania, Rostock: In the health department, one employee shows the current quadruple vaccine, which protects against the four most important influenza virus variants to be expected. More than 20,000 vaccine doses are available at the district health authorities. In the 2018/2019 season, the country's health authorities reported 5,867 influenza cases and seven people died of the flu. Photo: Bernd W√ºstneck/dpa-Zentralbild/dpa (Photo by Bernd W√ºstneck/picture alliance via Getty Images)Bernd Wüstneck—picture alliance/Getty Images

An unwelcome visitor during the holiday season has returned: influenza. As of today, six children have already fallen victim to the disease. And, as the Centers for Disease Control and Prevention (CDC) points out, “the flu season is just getting started.” It will only get worse before it gets better: Last year’s pediatric death total was 143.

With the spread of the virus comes the annual message stressing the importance of vaccination. Yet at the same time comes disappointment with the performance of current vaccines. They are good—but just aren’t good enough.

Influenza is a fickle virus. It regularly mutates, requiring adjustments to the vaccine’s formula every year. While only rarely do these unpredictable mutations turn the virus into an international killer on the scale of the 1918 influenza pandemic—which killed around 50 million people globally—the possibility of such a variant strain that could trigger a global pandemic looms each year.

The confusion of influenza with the many less serious, similarly symptomatic, infections that are commonly labeled “the flu” often contributes to complacency about the threat influenza poses. Make no mistake, influenza is a killer: In the U.S., the 2017 to 2018 season took an estimated 61,000 lives—more than the deaths from opioid overdoses that year. 

Influenza extracts a heavy economic toll, costing the U.S. $361 billion each year, including health care costs, work missed, and lives lost, according to a recent report by the White House Council of Economic Advisors (CEA). Exacerbating this is the slow pace of manufacturing annual influenza vaccines combined with effectiveness rates that range from 10% to 60%. And these costs would increase considerably during a pandemic where the spread of the disease outpaces existing vaccine production technology. In the 2009 to 2010 pandemic, for instance, the CEA report estimates that combining an increased speed of production with a 30% improvement in vaccine effectiveness would have added around $953 billion in increased economic benefit from vaccination.

In its recent annual report, the Global Preparedness Monitoring Board (GPMB) gave a candid and urgent assessment, noting that governments have established “a cycle of panic and neglect when it comes to pandemics,” where there is a “ramp[ing] up efforts when there is a serious threat,” which is forgotten “when the threat subsides.”

To face down these threats, new, sustained investments—both financial and technical—are required. Modernizing the influenza vaccine manufacturing industry—and rapidly scaling up production of tailor-made vaccines to protect against newly-emergent influenza strains—is an important start. Current vaccine manufacturing remains largely based on 1940s technology, as our recent report from the Sabin-Aspen Vaccine Science & Policy Group highlights. But the stakes are too high to be satisfied with a response that begins only aftera threat surfaces. 

Eliminating the threat requires a universal influenza vaccine that provides effective, long-lasting protection against any future influenza virus strain.

The urgency and magnitude of the threat calls for an equally matched response—one that combines scientific, technical, and financial assets focused on the single-mission of developing a universal influenza vaccine.

In addition to current efforts by the National Institute of Allergy and Infectious Diseases (NIAID) to tackle the many foundational scientific challenges—such as a full understanding of how the human immune system protects against influenza and how to measure that protection—new private and public sector investments are essential to propel vaccine discovery beyond the current limitations. Efforts like the Gates Foundation and Flu Lab’s “Universal Influenza Vaccine Development Grand Challenge” call on the scientific community to find new, innovative strategies for vaccine development. 

It is time for a bold vision and even bolder action. If the necessary investments are made now, the high costs that influenza will exact on the future would be radically diminished. 

Dr. Harvey V. Fineberg and Dr. Shirley M. Tilghman are co-chairs of the Sabin-Aspen Vaccine Science & Policy Group.

More opinion in Fortune:

—Health care investors predict 10 ways the industry will change in 2020
—Fintech regulation needs more principles, not more rules
—How to cure the antibiotic industry’s profitability infection
—Addiction is a workforce issue. How business leaders can address it
—The questions companies should ask themselves to prepare for a new era of business
Listen to our audio briefing, Fortune 500 Daily

About the Authors
By Harvey V. Fineberg
See full bioRight Arrow Button Icon
By Shirley M. Tilghman
See full bioRight Arrow Button Icon

Latest in Commentary

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Commentary

taxi
Commentaryregulation
America’s AI regulatory patchwork is crushing startups and helping China
By James Richardson and Eric TanenblattJanuary 30, 2026
24 hours ago
EuropeLetter from London
Struggling to remain relevant during the AI watercooler chat? Talk about your latest ‘new collar’ hire
By Kamal AhmedJanuary 29, 2026
2 days ago
trump
Commentaryregulation
Trump is driving capital out of capitalism
By Andrew BeharJanuary 29, 2026
2 days ago
brooks
CommentaryInsurance
John Hancock CEO: We all have a role in driving better health outcomes for Americans
By Brooks TingleJanuary 29, 2026
2 days ago
wystrach
Commentarystart-ups
The real promise of AI isn’t fewer jobs, it’s cheaper thinking
By Michael WystrachJanuary 29, 2026
2 days ago
belichick
CommentarySports
Football snubs Bill Belichick, one of its greatest ever coaches—showing how his unapologetic leadership style came with a cost
By Nick LichtenbergJanuary 28, 2026
3 days ago

Most Popular

placeholder alt text
North America
'I meant what I said in Davos': Carney says he really is planning a Canada split with the U.S. along with 12 new trade deals
By Rob Gillies and The Associated PressJanuary 28, 2026
3 days ago
placeholder alt text
Politics
The American taxpayer spent nearly half a billion dollars deploying federal troops to U.S. cities in 2025, CBO finds
By Nick LichtenbergJanuary 28, 2026
3 days ago
placeholder alt text
Economy
Right before Trump named Warsh to lead the Fed, Powell seemed to respond to some of his biggest complaints about the central bank
By Jason MaJanuary 30, 2026
18 hours ago
placeholder alt text
AI
Top engineers at Anthropic, OpenAI say AI now writes 100% of their code—with big implications for the future of software development jobs
By Beatrice NolanJanuary 29, 2026
2 days ago
placeholder alt text
Investing
Jerome Powell got a direct question about the U.S. ‘losing credibility’ and the soaring price of gold and silver. He punted
By Eva RoytburgJanuary 29, 2026
2 days ago
placeholder alt text
C-Suite
Fortune 500 CEOs are no longer giving employees an A for effort. Now they want proof of impact
By Claire ZillmanJanuary 28, 2026
3 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.