Present COVID-19 pandemic has confronted almost every sector of the world creating terrible havoc and impacting day to day life of each individual. Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV2), identified and reported in Wuhan city, China spread across the globe with an unseen and unpredictable trajectory and limited knowledge of pathogenicity and epidemiology. With the major challenge lying in treatment and vaccine development, researchers and health care workers have come upfront to contribute in terms of knowledge and support. This review presents an overview of the structure, multiplication, and uniqueness of the novel coronavirus focusing on the ongoing treatments and scope of vaccines based on the current studies available in the literature.