The WSJ reports that
the coronavirus responsible for the current outbreak in China, mainly
in the city of Wuhan, appears less virulent than the virus responsible
for the SARS outbreak in 2003.
On the negative side, though, infection is
spreading due to better transportation infrastructure, particularly
high-speed rail. China’s economy is much more dependent on services and
consumer spending (drives ~60% of growth) so containing the outbreak
will be important considering that retail sales dropped by 50% during
the height of the 2003 epidemic.
Government officials have closed public transportation links in and around Wuhan in an effort to contain the spread.
Selected tickers that have rallied on the news: Moderna (NASDAQ:MRNA) (+5% premarket), NanoViricides (NYSEMKT:NNVC) (+17%), Novavax (NASDAQ:NVAX) (+11%), ImmuCell (NASDAQ:ICCC), Aethlon Medical (NASDAQ:AEMD), Inovio Pharmaceuticals (NASDAQ:INO), BioCryst Pharmaceuticals (NASDAQ:BCRX), Nabriva Therapeutics (NASDAQ:NBRV)
https://seekingalpha.com/news/3533816-respiratory-virus-in-china-less-virulent-2003-sars
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