Is there any reason to believe we wouldn't have a vaccine in the next 12-18 months? Multiple vaccine candidates are already entering clinical trials. [0]

If there's a vaccine and a large sample of cases studies on treatment with antivirals, I'd assume its fatality rate would fall down to regular flu levels or somewhere near that. Therefore the spread wouldn't be treated like a pandemic as it is now.

0: https://www.bloomberg.com/news/articles/2020-03-06/moderna-s...