Search This Blog

Sunday, April 12, 2020

How contact tracing apps can foil both Covid-19 and Big Brother


Supercomputers fired up in COVID-19 fight

Japan has tasked its Ministry of Education, Culture, Sports, Science and Technology and Riken research laboratory to use the new Fugaku supercomputer to research potential therapeutics solutions to COVID-19.
The Fugaku supercomputer has eight times the computational performance of its predecessor called K, which at one time was the world’s fastest.
The U.S. is also moving further ahead with the use of supercomputers to fight the virus through a consortium of industry, government and academic leaders. IBM’s (NYSE:IBM) Summit supercomputer is a big part of the effort, while Google (NASDAQ:GOOGL), Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN) and Hewlett Packard Enterprise (NYSE:HPE) are participating.
The supercomputers run complicated simulations of drug compounds in an effort to determine which of the ~2K existing drugs and drug candidates could be used to treat COVID-19.
https://seekingalpha.com/news/3559984-supercomputers-fired-up-in-covidminus-19-fight

Futures and oil dip in early Sunday night action

After an opening pop to the upside, U.S. stock index futures are now down about 2% across the board.
In the oil patch, traders are selling the news after OPEC+ reportedly agreed to a near-10M barrel per day production cut. Crude is down 4.3% to $22.22 per barrel.
https://seekingalpha.com/news/3559992-futures-and-oil-dip-in-early-sunday-night-action

Startups spar with FDA over what constitutes a home coronavirus test

Federal regulators and health tech startups are increasingly at odds over the permissibility of at-home testing for Covid-19, the disease caused by the novel coronavirus.
Two companies told STAT this week that their tests were cleared for patients to take at home — including one that said it has already processed thousands of tests. The companies insist they are permitted to sell the tests because they are ordered by physicians and processed in certified labs. The FDA, however, remains adamant that isn’t the case.
“FDA has not authorized any Covid-19 tests for home use, including home collection. Any tests that are intended to be used completely at home or have a sample collected at home and sent for analysis would need authorization by the agency,” an FDA spokesperson said in a statement this week.
Two of the companies selling tests that let customers collect saliva samples at home are MicroGen DX and Vault Health.* MicroGen DX told STAT it did not require FDA approval for its test — which launched on March 31 and costs $99 — because it uses an accredited lab to process the results, and because all patients do to collect a sample is spit into a cup. Vault Health said its test — which is set to launch on April 13 and will cost $150 — was “provisionally cleared,” requires a clinician’s sign-off, and anyone who takes it must do so with virtual oversight from a practitioner via Zoom. Vault’s test involves having patients spit into a tube.
The companies’ thinking appears similar to the initial arguments from the previous smattering of startups who launched at-home coronavirus tests that used throat and nasal swabs last month — all of whom have now stopped selling the tests. Those companies included telemedicine startup Nurx, primary care company Carbon Health, and at-home testing startups Everlywell and LetsGetChecked. Federal regulators swiftly updated their guidance to clarify that no at-home test for Covid-19 had been approved.
But while those companies keep their plans on hold, Vault Health and MicroGen DX are moving forward with their tests. Executives from both companies said they were initially unclear on how the FDA would regulate their tests. The guidelines for coronavirus testing have shifted rapidly, and in some cases the wording of the rules appear to be in conflict, leading to different interpretations.
In part, the confusion could stem from distinct interpretations of exactly which agency would regulate coronavirus tests that allow people to collect samples on their own. The FDA is asserting that coronavirus tests are regulated as individual diagnostic tests, something it oversees. The manufacturers seem to believe that their tests fall under a different purview regulated by a separate agency, the Centers for Medicare and Medicaid Services. The discord resembles the early market for consumer genetic tests, such as those made by 23andMe a decade ago. In that case, 23andMe’s health-related tests were eventually forced off the market.
“FDA’s position for 30 years has been, ‘We can regulate these tests and there’s some historical reasons we don’t regulate, but we can reach in and regulate if we need to,’” said James Boiani, a member of the law firm Epstein Becker Green who specializes in FDA and CLIA legal and regulatory matters.
“They did reach in with genetic tests and they’re doing the same with the Covid home tests,” he added.
Both companies said that based on their latest interactions with the agency, they felt confident that their tests were green-lit.
“We don’t need FDA approval. We’re a high-complexity lab,” said Rick Martin, the chief executive officer of MicroGen DX, referencing that the company’s tests are processed in a CLIA-certified lab. Martin said his company’s lab had processed 7,000 tests as of April 10.
When pressed about the FDA’s statement that the agency had not approved any coronavirus tests that involve home sample collection, Martin said that didn’t matter because patients were merely spitting into a cup to take the test.
“FDA said no tests had been approved for collection. Well, I don’t care if I get on their approved list,” Martin said, adding, “Once I have a validated test, it’s between a patient and a clinician where they collect the sample.”
Jason Feldman, Vault Health’s chief executive officer, said Vault Health’s medical team was “confident” that there is no difference between being physically present in a clinician’s office for a coronavirus test and collecting a saliva sample at home with a physician’s guidance.
“It’s not an at-home test. It’s a physician ordered, practitioner-monitored, physician-reported test,” Feldman said.
*The test being offered by Vault is developed by Rutgers Clinical Genomics Laboratory.
Startups spar with FDA over what constitutes a home coronavirus test

Spain to keep coronavirus curbs under review as some companies prep to restart

Spain’s Prime Minister Pedro Sanchez said on Sunday any further loosening of the country’s lockdown restrictions would depend on more progress in the fight against the coronavirus, a day before some companies plan to reopen their doors.
The country’s overnight death toll from the infection rose for the first time in three days on Sunday, to 619, health ministry data showed, bringing the cumulative toll to 16,972. Confirmed cases increased by around 2.6% to 166,019.
Tough lockdown measures have helped bring down a spiralling death rate that reached its peak in early April. New deaths reported on Saturday were the lowest in 19 days while the increase of confirmed cases has roughly halved from a week ago.
“We are still far from victory, from the moment when we can pick up our normal lives again, but we have made the first decisive steps in the path towards victory,” Sanchez said at a news conference.
The government plans on Monday to revert to the less strict curbs in force up to March 27, allowing some businesses that cannot work remotely, including construction and manufacturing, to reopen, and triggering concerns of a resurgence.
Catalan leader Quim Torra described the decision to restart these sectors as irresponsible and reckless.
“The risk of a new outbreak and a second lockdown is enormous,” he said at a news conference.
Sanchez told reporters the decision to restart some sectors of the economy was taken after consulting a committee of scientific experts and any further winding down would depend on gains made against the virus.
“If that doesn’t happen, I want to be very clear, we will maintain or reinforce the restrictions.”
Miguel Angel Carrasco, 56, a television producer who works for Canal Sur in Seville, will return to work on Monday after weeks away from his job.
“On one hand I am keen to get back to work because I have been stuck at home not able to report on what is going on. But on the other, I am worried about catching the virus,” he told Reuters, adding that his employer had not provided face masks.

TOURISM HIT HARD

European Central Bank Vice-President Luis de Guindos said Spain’s reliance on tourism would likely leave it exposed to a worse recession than the rest of Europe. The coronavirus is weighing heavily on the Spanish economy, with some 900,000 jobs lost since mid-March.
“We’re talking about the worst economic situation since the (1936-39 Spanish) Civil War,” the former Spanish economy minister said in an interview with the La Vanguardia newspaper.
Industry Minister Maria Reyes Maroto said the tourism sector would be slow to recover and measures to prevent the spread of the virus, such as hand-washing and social distancing, would have to continue, even on the beach.
Traditional festivals have also been disrupted by the epidemic.

At the Santa Maria de Cana church on the outskirts of Madrid, a video camera set up in front of the altar allowed priest Fernando del Moral to stream the Easter mass to his congregation via Youtube.
Just seven people attended the service, which last year drew a congregation of some 1,800, del Moral said.
“It’s a strange feeling not only because it’s empty but because of what each person means,” he said.
https://www.reuters.com/article/us-health-coronavirus-spain/spain-to-keep-coronavirus-restrictions-under-review-as-some-companies-prepare-to-restart-idUSKCN21U0BX

Smithfield shutting U.S. pork plant indefinitely

Smithfield Foods, the world’s biggest pork processor, said on Sunday it will shut a U.S. plant indefinitely due to a rash of coronavirus cases among employees and warned the country was moving “perilously close to the edge” in supplies for grocers.
Slaughterhouse shutdowns are disrupting the U.S. food supply chain, crimping availability of meat at retail stores and leaving farmers without outlets for their livestock.
Smithfield extended the closure of its Sioux Falls, South Dakota, plant after initially saying it would idle temporarily for cleaning. The facility is one of the nation’s largest pork processing facilities, representing 4% to 5% of U.S. pork production, according to the company.
South Dakota Governor Kristi Noem said on Saturday that 238 Smithfield employees had active cases of the new coronavirus, accounting for 55% of the state’s total. Noem and the mayor of Sioux Falls had recommended the company shut the plant, which has about 3,700 workers, for at least two weeks.
“It is impossible to keep our grocery stores stocked if our plants are not running,” Smithfield Chief Executive Ken Sullivan said in a statement on Sunday. “These facility closures will also have severe, perhaps disastrous, repercussions for many in the supply chain, first and foremost our nation’s livestock farmers.”
Smithfield said it will resume operations in Sioux Falls after further direction from local, state and federal officials. The company will pay employees for the next two weeks, according to the statement.

The company has been running its plants to supply U.S. consumers during the outbreak, Sullivan said.
“We have a stark choice as a nation: we are either going to produce food or not, even in the face of COVID-19,” he said.
Other major U.S. meat and poultry processors, including Tyson Foods Inc (TSN.N), Cargill Inc [CARG.UL] and JBS USA [JBS.UL] have already idled plants in other states.
https://www.reuters.com/article/us-health-coronavirus-usa-meatpacking/smithfield-shutting-u-s-pork-plant-indefinitely-warns-of-meat-shortages-during-pandemic-idUSKCN21U0O7

Enzo Biochem takes hit from COVID-19

Like so many others, Enzo Biochem (NYSE:ENZ) discloses that its operations have been negatively impacted by COVID-19 disruptions, including a material decline in laboratory testing volumes, adding that the pandemic’s effects on its global supply chain could hamper production within its life sciences unit as well as testing capabilities in its clinical lab. It may also experience difficulties collecting payments from customers.
COVID-19 products and services should partially offset revenue declines.
At the end of March, it had $48M in cash and no long-term debt. Due to the high level of uncertainty related to the duration and effects of the contagion, it is unable to estimate the impact on its operations going forward.
https://seekingalpha.com/news/3559981-enzo-biochem-takes-hit-from-covidminus-19