FDA and CDC say fully-vaccinated Americans do NOT need COVID booster after Pfizer said people need a third shot that is being updated to target the Indian Delta variant www.dailymail.co.uk/news/article-9771209/FDA-CDC-say-fully-vaccinated-Americans-dont-need-booster-shot-time.html
I'm worried about the emergence of a potent #COVID19 virus variant, like Delta. Unless we increase vaccine access to those who need them first & need them now, we're collectively at high risk of losing the gains we've made. Speed is very important. #VaccinEquity
News Today 9 pm: max active COVID cases in Kerala despite high vaccination coverage: is something wrong with Kerala model? Also: what’s the next big COVID challenge? @ashishkjha joins us; and why cab drivers are struggling in Covid times. @IndiaToday News without noise..
Vaccines saved 279,000 #COVID19 deaths and prevented 1.25 million hospitalizations in the US vs if there were no vaccinations. Even if vaccinations had progressed at half the pace, ~121,000 deaths & 450,000 more would have been hospitalized. #vaccinate www.cnn.com/2021/07/08/health/covid-vaccinations-prevent-deaths-hospitalizations/index.html
“Our vision is to develop an mRNA combination vaccine so that people can get one shot each fall for high efficacy protection against the most problematic respiratory viruses,” Moderna CEO Stéphane Bancel said in the company’s announcement.
Read full article at POLITICO Europe
09 July, 2021 - 10:26am
The covid assumptions that justify its market value are too dicey
Just 18 months ago, Moderna Inc was an early-stage biotech firm working on a new way of making vaccines worth $6.5 billion. Today, having developed and delivered one of the fastest-arriving and most effective covid shots, its market value is approaching $100 billion. Some of the stock’s 1,000% gain is clearly warranted. Wall Street analysts expect its vaccine, which uses new messenger-RNA technology, to net a historic $17.6 billion in revenue this year. But its valuation is now in the same league as drugmakers that, unlike Moderna with its one vaccine, have multiple marketed medicines. Holding the stock at this level requires particular assumptions about the pandemic’s future and a heroic tolerance for risk concentration.
The big question for Moderna investors is how long covid vaccine sales will last. The market for first and second doses is shrinking each day and is starting to concentrate around developing nations, where prices are lower. The company’s prospects rely heavily on booster shots aimed at providing extra protection should immunity from the initial round of vaccinations fade, as many expect. While mRNA vaccines will likely be the boosters of choice because of their efficacy and safety, it’s unclear how many people will get a Moderna top-up. Pfizer and BioNTech also make a highly effective mRNA vaccine. That helps explain why Wall Street estimates for Moderna’s 2021 sales range widely, from $13 billion—which would represent a decline from this year’s consensus forecast—to $22.2 billion.
One can make a case for the higher range. Countries that use AstraZeneca’s vaccine or others that offer less protection may offer boosters just to be safe. The potentially dangerous combination of waning vaccine immunity and variant spread could lead to even broader uptake. Booster demand will be concentrated in wealthier nations, letting Moderna charge more and compensate for declining volume. And there would be an additional upside if variant-specific shots are required because Moderna’s adaptable technology and established manufacturing should give it an advantage in rolling out second-generation vaccines.
But, at least for now, two mRNA doses appear to hold up against bad outcomes from the highly infectious delta variant first identified in India. So does Johnson & Johnson’s single-shot vaccine, according to recently released data. Delta is driving a wave of infections in the heavily-vaccinated UK but relatively few hospitalizations so far, even with significant use of AstraZeneca’s shot. In addition, a recently published study suggests that mRNA vaccines generate a broad immune response that may last for years. So boosters could very well be delayed or limited to people who have weaker immune systems. A longer interval will allow potential competitors such as Novavax, Sanofi and GlaxoSmithKline to catch up. Given all this, the lower revenue scenario is a distinct possibility.
Even if Moderna’s covid vaccine sales do not peak until next year, a decline is inevitable, and it could be steep. The company’s lack of other revenue sources will magnify the reaction to any covid disappointment. Expectations for its drug pipeline are justifiably high after the success of its vaccine, but you can only hang so much of a $95 billion valuation on distant and unproven products. Moderna’s most advanced non-covid project, a cytomegalovirus vaccine (to protect against a virus that’s harmless to most but can cause birth defects if passed from a mother to her unborn child), will only begin a final-stage trial this year.
Recent pharma history shows what can happen to rich valuations when a golden goose runs out of eggs. Here, Gilead Sciences Inc offers an instructive example. The company launched a path-breaking hepatitis C drug in late 2013. Sales spiked to an astonishing $19.1 billion in 2015, but then plunged as competitors arrived. Gilead’s value followed suit, dropping as much as $100 billion from its peak of almost $180 billion. Of course, the comparison isn’t perfect. Gilead had a reliably growing multibillion-dollar HIV drug franchise to provide a floor.
In Moderna’s case, a key unknown is how well mRNA technology will work to prevent other diseases. This new technology’s adaptability may be most beneficial in an epidemic or against viruses like influenza that change frequently, and that’s not generally a valuable niche. The company hopes to use mRNA to treat cancer and some rare diseases, but those early efforts are particularly uncertain. Either way, while Moderna will retain a first-mover advantage in mRNA and unique expertise, the field will get more crowded as other drugmakers invest heavily in the technology. I’ve been wrong about Moderna’s valuation before, calling it rich after its 2018 initial public offer. But even in the rosiest of scenarios, it seems stretched now. This time, if there is a reckoning, it has a lot further to fall.
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09 July, 2021 - 10:26am
09 July, 2021 - 10:26am
09 July, 2021 - 10:26am
09 July, 2021 - 10:19am
09 July, 2021 - 06:32am
Heart conditions myocarditis and pericarditis must be listed as possible side effects of the two mRNA vaccines, the safety committee of the European Medicines Agency (EMA) said on Friday.
Such cases primarily occurred within 14 days from vaccination, more often after the second dose and in younger adult men, the EMA said. This is in line with findings from U.S. health officials last month.
The EMA panel also recommended that people who have a history of capillary leak syndrome (CLS) must not be vaccinated with J&J's single-shot vaccine. The watchdog in June asked CLS to be added as a side effect from AstraZeneca's shot.
Both AstraZeneca and J&J vaccines use different versions of a cold virus to deliver instructions for making coronavirus proteins to produce an immune response.
(Reporting by Pushkala Aripaka in Bengaluru; Editing by Arun Koyyur)
FETHI BELAIDCoroners in Tunisia—which is experiencing its fourth and worst wave of the COVID-19 pandemic— have run out of space, meaning the dead are often left in crowded hospital rooms alongside still suffering patients for 24 hours. The morgues are full, the health ministry says. Even the dead, it seems, are suffering.“We are in a catastrophic situation … the boat is sinking,” Tunisia’s health ministry spokesperson Nisaf Ben Alaya told reporters this week. “The health system collapsed, we can
Why the prospect of cases in this country following the trajectory of the U.K. fills me with dread
Several countries around Asia and the Pacific experiencing their first major surges of the coronavirus have rushed to implement tough restrictions. So, it is important for us to give the third vaccination dose to the health care workers as they face the virus every day.
As the push to get people vaccinated against COVID-19 continues, you may have seen alarming reports about a new possible side effect of the COVID vaccine: heart inflammation. Experts are investigating a link between the vaccine and cases of myocarditis or pericarditis, an inflammation of the heart muscle itself or the outer lining of the heart, which is typically triggered by the body's immune response.
Speaking on Thursday, CDC Director Rochelle Walensky said unvaccinated people are "particularly at risk for severe illness and death."
Unvaccinated travellers shouldn't expect to come to Canada anytime soon, according to Prime Minister Justin Trudeau.
Health and Human Services Secretary Xavier Becerra argued that the federal government is entitled to know who in the United States has been vaccinated, responding to anger from GOP House members who say the Biden administration is infringing on personal liberty.
“There is no one-size-fits-all approach that will work for every single community,” the health department said.
So what is it about our past relationships, situationships, or even just one night stands that makes us all sort of embarrassed?
In the first hours after the collapse of Champlain Towers South, Stacie Fang and her teenage son were among the few people pulled alive from the rubble in dramatic rescue.
One dose of the Pfizer or AstraZeneca coronavirus vaccine "barely" protects against the Delta variant of the virus, because of mutations the variant has developed, according to a new study published in the journal Nature Thursday.Why it matters: The study found that two doses of those vaccines generated a neutralizing response to the variant in 95% of people, highlighting the importance of full vaccination against COVID-19.Stay on top of the latest market trends and economic insights with Axios
Several countries around Asia and the Pacific that are experiencing their first major surges of the coronavirus rushed to impose tough restrictions, a year and a half into a pandemic that many initially weathered well. Faced with rapidly rising numbers of infections in recent months, authorities in such countries as Thailand, South Korea and Vietnam announced or imposed measures Friday that they hope can slow the spread before health care systems are overwhelmed. Now some are seeing record numbers of new cases and even deaths, blamed in part on the highly contagious delta variant combined with low rates of vaccination and decisions to ease restrictions that have hit economies hard.
It may seem like biotech companies are focused solely on developing vaccines for COVID-19, but some are hard at work on drugs that could treat those who become sick.
The ever-present struggle to stop hating your own body in a world that constantly makes you feel inferior is an internal problem, but an insidious one.
The U.S. Capitol Police force's plan to open field offices in California and Florida in the wake of the Jan. 6 riot has critics warning of government overreach "nightmare scenario."
You've probably seen the headlines about people who were fully vaccinated but still contracted COVID-19: in my hometown of St. Louis, a woman contracted COVID a month after receiving her second dose of the vaccine, and a New York City man tested positive two weeks after getting the Johnson & Johnson vaccine. Can You Still Get COVID-19 If You're Fully Vaccinated?
Bill Gates makes his first in-person event appearance since news of his divorce. He'll reportedly make a speech about climate change.
Christopher Murray, director of the IHME, which the White House leans on for COVID-19 data, says we shouldn't drop our masks yet, especially indoors.
09 July, 2021 - 05:08am
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Long-lasting COVID-19 vaccines? That could be the case based on some recent research that shows messenger RNA (mRNA) vaccines could provide protection against the coronavirus that causes COVID-19 for years. In this Motley Fool Live video recorded on June 30, 2021, Motley Fool contributors Keith Speights and Brian Orelli discuss whether this is good news or bad news for Pfizer (NYSE:PFE), BioNTech (NASDAQ:BNTX), and Moderna (NASDAQ:MRNA).
Keith Speights: Some findings were recently published in Nature magazine that indicate that the Pfizer-BioNTech and the Moderna vaccines may provide protection for years.
Many investors are and were hoping for annual recurring revenue from these companies' vaccines. Brian, how troublesome is this latest data for the prospects for Pfizer, BioNTech, and Moderna?
Brian Orelli: There's a bit of an extrapolation going on here. The researchers looked at memory B cells, which tend to provide more long-term protection than, let's say, antibodies. They looked at those in the lymph nodes and found the cells were there as long as 15 weeks.
Typically, they'd mostly be gone by four to six weeks. So that's the basis of this claim that it could offer protection for years. If true, that will be a big blow obviously to vaccine makers, at least for Moderna and BioNTech.
Pfizer would be fine because it's so diversified. It's really hard to make an argument for the valuations of Moderna and BioNTech right now if these vaccines are one and done over a couple of years. They really need to have ongoing sales until they can get growth from other drugs in their pipelines.
Speights: Brian, when I first saw the story, I went to check out to see how the stocks were performing, and Moderna is up, BioNTech was barely changed, Pfizer barely changed. It seems to me that investors really aren't making much of this news. Do you think that's the right take at this point?
Orelli: I think it's still too early to be able to conclude that it's definitely going to work for years. The other issue is that we're looking at, will those B cells actually protect against the variants?
If they don't protect against the variants, then it doesn't really matter if you have B cells in your lymph nodes. If they're not going to protect against the variants then we're going to have to get a booster shot anyway.
Speights: Right. Obviously, if these vaccines provide immunity for multiple years, these companies aren't going to make nearly as much money as they expect and a lot of investors expect. So this is a big story to watch, but like you said, really, really early right now and too soon to maybe go drawing any conclusions at this point.
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