The drug development process takes around 10+ years typically, a lot of long planning of multiple phases of studies needs to be done. This will help in the initial steps and in finding good starting points, and in theory should help the subsequent stages be more successful. I wouldn’t expect new drugs this decade.

Other aspects of biotech and research could well be affected far faster than the consumer drug market, but again you’ll need a few years for those early stage developments to aid real world applications.