Top pharma CEO says Covid likely to become endemic, urges investment in pandemic preparedness

Novartis CEO Vas Narasimhan made clear that world leaders must learn from the coronavirus crisis to be in a better place for future pandemics.

"I think what we're going to settle into is more of an endemic environment with respect to coronaviruses and the Covid virus specifically," Vas Narasimhan, CEO of Novartis, told CNBC at the World Economic Forum in Davos, Switzerland.

His comments come shortly after U.N. Secretary-General Antonio Guterres warned the world's failure to prepare for future pandemics is "straining credulity." "If you look over the last two years, we have populations that have built up immunity, you have a virus that's continuing to make shifts, but I think what we're going to settle into is more of an endemic environment with respect to coronaviruses and the Covid virus specifically," Vas Narasimhan, CEO of Novartis, told CNBC at the World Economic Forum in Davos, Switzerland.

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