CoronaVirus - Possible Vaccines and Treatments

Discussion in 'COVID-19' started by paulF, 25th Mar, 2020.

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  1. trinity168

    trinity168 Well-Known Member

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    Did it say he "had" to sell?

     
  2. geoffw

    geoffw Moderator Staff Member

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    He probably had the option not to sell for now.

    But, as an American, he may have had medical expenses or a kids college fees. If either of those, he was up for a bucketload of cash.

    I don't think it was a big deal. Employees who get stock options aren't supposed to benefit from inside knowledge, and a good way to avoid that is to sell them on a predetermined schedule. If he decided not to sell for now, that might have been construed as inside knowledge.
     
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  3. trinity168

    trinity168 Well-Known Member

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    Thanks @geoffw. I guess damned if you, damned if you don't.
     
  4. Shazz@

    Shazz@ Well-Known Member

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    I read somewhere that there was a set date and if the stock reached a price point of xxx.
    I guess it did, which is why he sold.
     
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  5. geoffw

    geoffw Moderator Staff Member

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    That was about six weeks.

    Pfizer's research was not funded by Operation Warp Speed - although there was a contract with the US to buy and distribute the product if it proved successful. Australia had a similar contract. Pfizer said that they didn't want to be tied down - though it seems that the German government did provide funding for the research.
     
  6. geoffw

    geoffw Moderator Staff Member

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  7. Stoffo

    Stoffo Well-Known Member

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    Does anyone else wonder exactly what the Aus Govco are agreeing to when entering into agreements to buy "X million" doses of a viable vaccine from different companies :rolleyes:

    In the news we have previously agreed to buy from several different sources should their product be successful and approved for use, so "if" each of these vaccines get approved for use are we locked in to purchase/pay regardless o_O

    If Govco decide to go with yet another "more successful" vaccine from yet another pharma company, what happens to the former agreements ?
    We have likely had to pay a substantial deposit to lock in these agreements (to assist with research), are these refundable if the pharma company isn't successful ?

    It's kinda doubling (tripling) up isn't it, it could cost many millions to buy doses we won't even use :eek:
     
  8. geoffw

    geoffw Moderator Staff Member

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    Some extra info.
    .This vaccine can be stored at normal refrigerated temperature for up to 30 days
    .It will cost more than the Pfizer vaccine
    . Australia has not entered into an agreement with Moderna for their vaccine
    .Moderna is a part of Operation Warp Speed
     
  9. Lizzie

    Lizzie Well-Known Member

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    They have to go thru a 2 month "post inoculation" period to make sure there are no after effects ... don't want people dropping dead at the 6 weeks marker ... however it does look the most viable, purely due to transportability.

    Storage at -20 (instead of -70), can last in a normal fridge for 30 days, a normal freezer for 6 months, and at room temperature for 24 hours
     
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  10. Lizzie

    Lizzie Well-Known Member

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    Possibly because different vaccines are proving to be more effective for different age groups, also want to have all bases covered in case one fails at the last hurdle ... I'd also like to think that if we end up with too many, being a wealthy county, we'd share some of them with out poorer Pacific neighbours

    However, cost could be a deciding factor with Moderna costing around $60-70 per vaccination (2 doses) - with Pfizer not much cheaper - and the Oxford one predicted to cost around $10 per vaccination
     
    Last edited: 17th Nov, 2020
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  11. Francesco

    Francesco Well-Known Member

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    I think multiple options are necessary to cover the population. Some vaccines may eventually be differentiated from others as being better tolerated by certain individuals or more effective than others in certain situations. Individuals will have more choices to choose from. Already storage and transportation of the Pfizer vaccine is a critical factor for remote areas.
     
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  12. Casteller

    Casteller Well-Known Member

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    Spain will be making the Moderna doses outside the US for international markets, but only 24% of Spaniards would take it asap, most prefer to wait and see. Some reluctance to take something created so quickly, understandable.
     
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  13. Shazz@

    Shazz@ Well-Known Member

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    Sounds like a contract to me, one that should be honoured, regardless of failure IMO. I think that’s the risk pharma companies took to carry out these trials in warp speed. Don’t forget, most of the phase 1-3 studies were done in parallel, when normally they would be done sequentially. Also, there was large amount of investment needed to start producing these drugs without the final results. Obviously, there was a need to do it this way, but these companies took on these risk, with the potential of huge losses if the drug didn’t eventuate. Many of the governments asked them to do this, so taking on some of the risks themselves is only fair.
    The Aus government is also taking on any litigations that may come from any potential harm of the vaccines. Just the way it goes.
     
  14. random

    random Well-Known Member

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    Imagine , the country with must be the worst record in all this , brings out 2 vacs to save the world, how ironic.
    Wonder if reporters will remember Trump saying 6 or 7 wks back - "Covid Covid don't worry about Covid we'll be taking care of that very very soon, possibly Nov Dec ".
    He could come out of this a bloody hero.
    Not a bad swan song must admit , only Trump could manage that one.

    PS , meanwhile , they actually showed them loading the body semis today and the inside, loaded, my God !
     
    Last edited: 17th Nov, 2020
  15. wylie

    wylie Moderator Staff Member

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    I doubt Trump will come out of this a hero. He's done nothing to get people to socially distance, wear masks. He's actively ridiculed those who do wear masks. The CDC experts say maybe 70,000 (can't recall exact figure) could have been saved had he just done those two things, and he's not attended a briefing since August.

    It is a disgrace what's happening in the US and much of it could have been avoided.

    And today his "expert" is urging Michigan residents to "rise up" against the new restriction measures, after the Governor has already had kidnap and death threats against her over her restrictions. What did the DOH and WH have to say about those threats? *crickets*

    Michigan Gov. Whitmer slams Trump adviser who encouraged residents to ‘rise up’
     
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  16. geoffw

    geoffw Moderator Staff Member

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    It's going to be some months before a vaccine is ready for distribution. Distribution requires a lot of of organisation - training, transport, storage, ancillary supplies and the like, and this has been so far drastically underfunded, with responsibility, but not funds, handed to the states. None of that will be on Trump's watch. In the meantime, cases are going through the roof, and people are dying at increasing rates. He's against masks, he's against lockdowns, and he's not lifting a finger to help the rapidly escalating situation - except to claim credit for a vaccine. Thousands more people will die from his inaction - as they have already.
     
    Last edited: 17th Nov, 2020
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  17. trinity168

    trinity168 Well-Known Member

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  18. Shazz@

    Shazz@ Well-Known Member

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  19. Gockie

    Gockie Life is good ☺️ Premium Member

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    Just think, the virus mutates and makes the current 90 odd % successful vaccines basically useless...
     
  20. Simon Hampel

    Simon Hampel Founder Staff Member

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    It's most likely far less of a story than these Twitter posts might indicate.

    They probably set a sell order on their shares months ago, to be triggered once the price reached a certain level (a fairly common practice amongst investors) - which it did on the day of the announcement.

    So technically, they didn't sell because of the announcement - they sold because the market moved.

    If the value of the shares hadn't risen, no doubt the sale would not have been triggered.