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Friday, March 6, 2020

NY travel insurance to cover coronavirus in ‘cancel for any reason’ policies: Cuomo

Travel insurers and travel agents will offer New York residents and businesses the ability to buy coverage that would allow them to cancel a trip for any reason, including those related to coronavirus, New York Governor Andrew Cuomo said on Friday.
The move followed complaints by consumers to the state’s insurance regulator, the New York State Department of Financial Services (NYDFS) that so-called “cancel for any reason” travel coverage was not available to them, Cuomo said.
Buyers must purchase the coverage, which is 40% to 60% more expensive than standard travel insurance, typically within several weeks of the initial trip payment and cancel the trip within two to three days of departure, the regulator said.
Standard travel insurance typically excludes epidemics and pandemics, the regulator said, making it unlikely that travelers who buy the lesser coverage would be able to recoup coronavirus-related expenses.

“Cancel for any reason” is technically not insurance under New York law because the coverage is not triggered by a certain type of event, NYDFS said in guidance to insurers on Friday.
However, insurers can comply with New York law by showing that the benefits are related to the kinds of business that they are authorized to offer in the state, the regulator said.
Six insurers have agreed to offer “cancel for any reason” policies, including: Allianz, (ALVG.DE) Nationwide, Starr Indemnity, Berkshire, (BRKa.N) Crum & Forster, and Zurich (ZURN.S), Cuomo said.
https://www.reuters.com/article/us-new-york-health-insurance/ny-travel-insurance-to-cover-coronavirus-in-cancel-for-any-reason-policies-gov-cuomo-idUSKBN20T2ZD

At least 7 virus cases linked to cruise ship off California

Confined to their cabins, passengers aboard a mammoth cruise ship off the California coast awaited coronavirus test results Friday amid evidence the vessel was the breeding ground for a deadly cluster of cases during its previous voyage.
On Thursday, a military helicopter crew lowered test kits onto the 951-foot (290-meter) Grand Princess by rope and later retrieved them for analysis as the vessel waited off San Francisco, under orders to keep its distance from shore. Princess Cruises said 45 of the more than 3,500 people on board were tested. Results were expected as early as Friday.
Health officials trying to establish whether the virus is circulating on the Grand Princess undertook the testing after reporting that a passenger on a previous voyage of the ship, in February, died of the disease. In the past few days, disclosed that least six other people who were on the same excursion were also found to be infected. And some passengers from that trip stayed aboard for the current voyage.
“The ship will not come on shore until we appropriately assess the passengers,” California Gov. Gavin Newsom said Thursday. Depending on what they find, authorities could order a quarantine of all or some of those aboard.
Another Princess cruise ship, the Diamond Princess, was quarantined for two weeks in Yokohama, Japan, last month because of the virus, and ultimately about 700 of the 3,700 people aboard became infected in what experts pronounced a public-health failure, with the vessel essentially becoming a floating germ factory.
Meanwhile, the U.S. death toll from the climbed to 14, with all but one victim in Washington state, while the number of infections swelled to over 200, scattered across at least 18 states. Pennsylvania and Indiana reported their first cases.
On Wall Street, stocks went into another slide as fears mounted over the potential damage to the global economy from factory shutdowns, travel bans, quarantines and cancellations of events big and small. And President Donald Trump signed an $8.3 billion measure to help public health agencies deal with crisis and spur development of vaccines and treatments.
Worldwide, the virus has infected more than 100,000 people and killed over 3,400, the vast majority of them in China. Most cases have been mild, and more than half of those infected have recovered.
Most of the dead in the U.S. were from suburban Seattle’s Life Care Center nursing home, now the subject of federal and state investigations that could lead to sanctions against it, including a possible takeover of its management. Washington state has the nation’s biggest concentration of cases, with at least 70.
Also, 30 medical professionals from the U.S. Public Health Service will arrive Saturday at the nursing home to help care for the patients and provide relief to the exhausted staff, said Dow Constantine, executive in charge of Seattle’s King County.
“We are grateful the cavalry is arriving. It will make rapid change in the conditions there,” he said. The nursing home was down to 69 residents after 15 were taken to the hospital in the preceding 24 hours, Constantine said.
The state of Washington is also setting up a command center dedicated to nursing homes, Gov. Jay Inslee said.
Some major businesses in the Seattle metropolitan area, including Microsoft and Amazon, which together employ more than 100,000 people in the region. have shut down operations or urged employees to work from home. The University of Washington called off classes at its three Seattle-area campuses for the next two weeks and will instead teach its 57,000 students online. And a comics convention next week in Seattle that was expected to draw about 100,000 people was canceled.
The ship off California was returning to San Francisco after visiting Hawaii.
A Sacramento-area man who sailed aboard the Grand Princess in February on a visit to a series of Mexican ports later succumbed to the coronavirus, according to California authorities. Others who were on that voyage have also tested positive, with four cases in Northern California and two in Canada, authorities said.
However, Mexico’s top epidemiologist denied that the passenger who died in California was on a ship that visited Mexican ports. Dr. José Luis Alomía Zegarra said the passenger was on a different cruise that did not stop in Mexico.
Three dozen passengers on the Grand Princess have had flu-like symptoms over the past two weeks or so, said Mary Ellen Carroll, executive director of San Francisco’s Department of Emergency Management.
An epidemiologist who studies the spread of virus particles said the recirculated air from a cruise ship’s ventilation system, along with the close quarters and communal settings, make passengers vulnerable to infectious diseases.
“They’re not designed as quarantine facilities, to put it mildly,” said Don Milton of the University of Maryland. “You’re going to amplify the infection by keeping people on the boat.”
He said whether tests confirm 45 or even two cases of coronavirus on the Grand Princess, the fallout from the ship quarantined in Japan demonstrates the urgent need to move people off the ship.
“My advice is to get people off and into a safer quarantine environment than a cruise ship,” Milton said.
Michele Smith, a Grand Princess passenger, posted video on Facebook of the helicopter that arrived at the ship. Another video showed a crew member wearing gloves and a mask and spraying and wiping a handrail.
“We have crews constantly cleaning our ship,” Smith was heard saying.
In a post, Smith said she and her husband were not quarantined and were told that only the people who had been on the Mexico voyage or those showing flu-like symptoms had to isolate themselves.
“Spirits are as high as can be under these circumstances. We are blessed to be healthy, comfortable and well-fed,” she wrote.
But a late-night statement Thursday from the cruise line said all guests were asked to stay in their rooms while results were awaited, in keeping with guidelines from the U.S. Centers for Disease Control and Prevention.
https://medicalxpress.com/news/2020-03-virus-cases-linked-cruise-ship.html

U.S. excludes Chinese face masks, med gear from tariffs as coronavirus spreads

The U.S. Trade Representative’s office in recent days granted exclusions from import tariffs for dozens of medical products imported from China, including face masks, hand sanitizing wipes and examination gloves, filings with the agency showed on Friday.
Many of the exclusion requests for medical products appear to have been expedited amid the rapidly spreading coronavirus outbreak, with approvals granted just over one month past a Jan. 31 application deadline.
Requests to exclude other products from President Donald Trump’s Section 301 tariffs on Chinese goods have taken months. Apple Inc’s requests for exclusions on products from AirPod headphones to the HomePod smart speaker filed on Oct. 31 are still pending.
Medline International Inc has already received exclusions on 30 products ranging from surgical gowns to face masks and medicine cups, most of which the company applied for at the end of January. A number of the exclusions were granted on Thursday, USTR documents showed.

The products were included in a fourth round of tariffs on Chinese goods imposed by Trump on Sept. 1, 2019, amid heated U.S.-China trade negotiations.
The tariff rate on the medical products was initially set at 15%, but was lowered to 7.5% on Feb. 15 as part of the Phase 1 U.S.-China trade agreement. The deal leaves in place tariffs on about $370 billion worth of imports from China, including 25% duties on goods valued at around $250 billion.
https://www.reuters.com/article/us-health-coronavirus-usa-tariffs/u-s-excludes-chinese-face-masks-medical-gear-from-tariffs-as-coronavirus-spreads-idUSKBN20T2ON?il=0

Ayala Pharmaceuticals on deck for IPO

Ayala Pharmaceuticals (AYLA) has filed a preliminary prospectus for a $50M IPO.
The Rehovet, Israel-based biopharmaceutical outfit develops treatments for rare and aggressive cancers by leveraging its bioinformatics platform and next-gen sequencing. Lead candidate is AL101, a selective injectable small molecule gamma secretase inhibitor (GSI) in-licensed from Bristol-Myers Squibb (NYSE:BMY) in November 2017, in Phase 2 development for certain adenoid cystic carcinoma patients.
Candidate #2 is AL102, an oral GSI also in-licensed from BMY, for the potential treatment of desmoid tumors.
2019 Financials: License revenue: $2.3M; Net loss: ($17.8) (-100%); Cash burn: ($15.0M) (-134%).
https://seekingalpha.com/news/3549519-ayala-pharmaceuticals-on-deck-for-ipo

Cocrystal Pharma up 36% after hours on launch of coronavirus program

Nano cap Cocrystal Pharma (NASDAQ:COCP) jumps 36% after hours on the heels of its announcement that it has initiated a coronavirus program.
Last week, it announced a license deal with Kansas State University Research Foundation (KSURF) for certain antiviral compounds for the potential treatment of norovirus and coronavirus infections.
It says that it will seek collaboration partners to advance development.
https://seekingalpha.com/news/3549508-cocrystal-pharma-up-36-after-hours-on-launch-of-coronavirus-program

Airport screening won’t stop the spread of coronavirus

If you have traveled internationally the past 2 months, you may have encountered them: health officers briefly pointing a thermometer gun at your forehead or watching as you go by to check for signs of a cough or difficulty breathing. Many countries are now watching arriving and departing air passengers who might suffer from the viral disease COVID-19; some require passengers to fill out health declarations. (Some also simply ban or quarantine those who have recently been in outbreak hot spots.)
Exit and entry screening may look reassuring, but experience with other diseases shows it’s exceedingly rare for screeners to detect infected passengers. Just last week, eight passengers who later tested positive for COVID-19 arrived in Shanghai from Italy and passed the airport screeners unnoticed, for example. And even if screeners do find the occasional case, it has almost no impact on the course of an outbreak.
“Ultimately, measures aimed at catching infections in travelers will only delay a local epidemic and not prevent it,” says Ben Cowling, an epidemiologist at the University of Hong Kong. He and others say screening is often instituted to show that a government is taking action, even if the impact is marginal.
Still, researchers say, there can be benefits. Evaluating and quizzing passengers before they board planes—exit screening—may prevent some who are sick or were exposed to a virus from traveling. Entry screening, done on arrival at the destination airport, can be an opportunity to gather contact information that is useful if it turns out an infection did spread during a flight and to give travelers guidance on what to do if they become ill.
Just this week, U.S. Vice President Mike Pence, who is leading the coronavirus response, pledged “100% screening” on direct flights from Italy and South Korea to the United States. China, which reported only 143 new cases yesterday, “will cooperate internationally to institute exit and entry screening with relevant regions suffering epidemics,” Liu Haitao, an official at China’s National Immigration Administration, said at a 1 March press conference in Beijing, according to the state broadcaster CCTV.
How many COVID-19 cases screening has detected worldwide so far is unclear. At least one New Zealander was prevented from boarding an evacuation flight from Wuhan, China, after failing a health check, The New Zealand Herald reported. The United States started entry screening of U.S. citizens, permanent residents, and their families who have been in China within the previous 14 days at 11 airports on 2 February. (Anybody else who has been in China within that period cannot enter the country.) By 23 February, 46,016 air travelers had been screened; only one tested positive and was isolated for treatment, according to a 24 February report from the U.S. Centers for Disease Control and Prevention (CDC). That clearly has not halted the spread of the virus in the United States, which as of this morning has 99 confirmed cases, according to CDC, plus 49 more among people repatriated from Wuhan and the Diamond Princess cruise ship in Yokohama, Japan.
There are many ways infected people can slip through the net. Thermal scanners and handheld thermometers aren’t perfect. The biggest shortcoming is that they measure skin temperature, which can be higher or lower than core body temperature, the key metric for fevers. The devices produce false positives as well as false negatives, according to the EU Health Programme. (Travelers flagged as feverish by scanners typically go through a secondary screening where oral, ear, or armpit thermometers are used to confirm the person’s temperature.)
Passengers can also take fever-suppressing drugs or lie about their symptoms and where they have been. Most importantly, infected people still in their incubation phase—meaning they don’t have symptoms—are often missed. For COVID-19, that period can be anywhere between 2 and 14 days.
One dramatic example of the failures of airport screening just played out in China after eight Chinese citizens, all employees at a restaurant in Bergamo, Italy, arrived at Shanghai Pudong International Airport on 27 and 29 February, according to information pieced together from details in the local media and terse announcements by the Health & Family Planning Committee of Lishui, a city in Zhejiang province, which borders Shanghai.
Pudong has had a policy to scan all arriving passengers for fever using “noncontact thermal imaging” since late January; it also requires passengers to report their health status on arrival. It’s unclear whether any of the eight restaurant workers had symptoms, or how they handled that reporting. But after taking chartered cars to Lishui, their hometown, one of the passengers fell ill; she tested positive for SARS-CoV-2, the virus that causes COVID-19, on 1 March. The next day, the remaining seven tested positive as well. They were the first confirmed cases in Zhejiang province in 1 week.
Ultimately measures aimed at catching infections in travelers will only delay a local epidemic and not prevent it.
Ben Cowling, University of Hong Kong
Past experience doesn’t instill much confidence either. In a 2019 review in the International Journal of Environmental Research and Public Health, researchers scrutinized 114 scientific papers and reports on infectious disease screening published in the past 15 years. Most of the data are about Ebola, a serious viral disease whose incubation period is anywhere between 2 days and 3 weeks. Between August 2014 and January 2016, the review found, not a single Ebola case was detected among 300,000 passengers screened before boarding flights in Guinea, Liberia, and Sierra Leone, which all had big Ebola epidemics. But four infected passengers slipped through exit screening because they didn’t have symptoms yet.
Still, exit screening may have helped head off more draconian travel restrictions by showing that measures were being taken to protect nonaffected countries, said the paper, authored by Christos Hadjichristodoulou and Varvara Mouchtouri of the University of Thessaly and colleagues. Knowing they would have encountered exit screening may also have deterred some people exposed to Ebola from even trying to travel.
What about screening at the other end of the trip? Taiwan, Singapore, Australia, and Canada all implemented entry screening for severe acute respiratory syndrome (SARS), which is similar to COVID-19 and also caused by a coronavirus, during the 2002–03 outbreak; none intercepted any patients. However, the outbreak was largely contained by the time the screening was initiated, and it came too late to prevent introduction of SARS: All four countries or regions already had cases. During the 2014–16 Ebola epidemic, five countries asked incoming travelers about symptoms and possible exposure to patients and checked for fevers. They didn’t find a single case either. But two infected, asymptomatic passengers slipped through entry screening, one in the United States and one in the United Kingdom.
China and Japan mounted extensive entry screening programs during the H1N1 influenza pandemic of 2009, but studies found that the screenings captured small fractions of those actually infected with the virus and both countries had significant outbreaks anyway, the team reports in its review. Entry screening is “ineffective” in detecting infected travelers, Hadjichristodoulou and Mouchtouri tell Science. In the end, travelers with serious infectious diseases turn up at hospitals, clinics, and physicians’ offices rather than being caught at airports. And screening is costly: Canada spent an estimated $5.7 million on its SARS entry screening, and Australia spent $50,000 per detected H1N1 case in 2009, Hadjichristodoulou and Mouchtouri say.
Every infectious disease behaves differently, but the duo doesn’t expect airport screening for COVID-19 to be more effective than for SARS or pandemic flu. And it’s unlikely to have a significant impact on the course of the outbreak, Cowling says.
Two recent modeling studies call screening into question as well. Researchers at the European Centre for Disease Prevention and Control concluded that approximately 75% of passengers infected with COVID-19 and traveling from affected Chinese cities would not be detected by entry screening. A study by a group at the London School of Hygiene & Tropical Medicine concluded that exit and entry screening “is unlikely to prevent passage of infected travelers into new countries or regions where they may seed local transmission.”
For countries that nonetheless adopt screening, the World Health Organization emphasizes that it is not a matter of just holding up a thermometer gun. Exit screening should start with temperature and symptom checks and interviews of passengers for potential exposure to high-risk contacts. Symptomatic travelers should be given further medical examination and testing, and confirmed cases should be moved to isolation and treatment.
Entry screening should be paired with collecting data about the patient’s whereabouts over the past few weeks that can later help with tracing their contacts. Travelers should also be given information to increase disease awareness and encouraged to practice good personal hygiene, says epidemiologist Benjamin Anderson of Duke Kunshan University.
https://www.sciencemag.org/news/2020/03/why-airport-screening-wont-stop-spread-coronavirus

Saudi Arabia suspends public attendance at sports events until further notice

The Saudi ministry of sports announced on Friday it will suspend public attendance at all sports events starting Saturday, a statement from the ministry reported.

The statement added that this comes as a precautionary measure to stop the spread of the coronavirus in places that witness mass crowds, and the suspension will be until further notice

https://www.marketscreener.com/news/Saudi-Arabia-suspends-public-attendance-at-sports-events-until-further-notice–30121837/