CSL solves chicken and egg problem

CSL's flu vaccine business was barely competitive but is on track to make a big turnaround.

In early 2009, a woman died of the flu in eastern China. Although tragic for her and her family, particularly in light of her being only 27 years old, there was nothing particularly unusual in that. This time, though, was different. The virus that killed her was the H5N1 bird flu virus and, although millions of chickens are infected with the virus every year, it had rarely been transmitted to humans. Following this case, however, the World Health Organisation warned that the virus had become highly contagious and could become a global pandemic – a terrifying prospect given that the mortality rate for human cases of H5N1 is 60%.

All eyes turned to CSL and the world’s other large vaccine makers, including GlaxoSmithKline and Sanofi Pasteur. CSL has had an H5N1 vaccine approved since 2008, but as flu viruses continually mutate the stock quickly goes out of date.



{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access


Updating information

Please wait ...


{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership


The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles