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Friday, June 12, 2020

Legal action launched against U.K. quarantine policy

British Airways (OTCPK:ICAGY), easyJet (OTCPK:EJTTF) and Ryanair (NASDAQ:RYAAY) have initiated legal action against the U.K. government’s quarantine policy, asking for a judicial review to be heard as soon as possible.
The airlines describe the rule as “flawed,” saying it will have a “devastating effect on British tourism and the wider economy.”
Instead, they want the government to reintroduce a policy from March 10, which saw passengers from countries deemed at high risk for COVID-19 being ordered to self-isolate on arrival in the U.K.
https://seekingalpha.com/news/3582524-legal-action-launched-against-u-k-quarantine-policy

Avidity Bio prices IPO at $18

Avidity Biosciences (RNA) has priced its IPO of 14.4M common shares at $18.00/share, for expected gross proceeds of $259.2M.
Underwriters’ over-allotment is an additional 2.16M shares.
Trading kicks off today.
Closing date is June 16.
https://seekingalpha.com/news/3582514-avidity-bio-prices-ipo-18

Vaxcyte prices IPO at $16

Vaxcyte (PCVX) has priced its IPO of 15,625,000 common shares at $16.00/share, for expected gross proceeds of $250M.
Underwriters’ over-allotment is an additional 2,343,750 shares.
Trading kicks off today.
Closing date is June 16.
https://seekingalpha.com/news/3582515-vaxcyte-prices-ipo-16

Agios reports positive mitapivat data in sickle cell disease

Agios Pharmaceuticals (NASDAQ:AGIO) announces that clinical proof-of-concept has been established based on a preliminary analysis in Phase 1 trial of mitapivat (AG-348), an oral, small molecule allosteric activator of wild-type and a variety of mutated pyruvate kinase-R enzymes in patients with sickle cell disease.
Mitapivat has been shown to decrease 2,3-diphosphoglycerate and increase adenosine triphosphate, and through this mechanism, it may reduce hemoglobin S polymerization and red blood cell sickling.
The study has enrolled nine patients to date. Seven of eight (88%) of patients experienced a hemoglobin increase, with five of eight patients (63%) achieving a hemoglobin increase of ≥1.0 g/dL from baseline (range 1.0-2.7 g/dL).
Adverse events reported were generally consistent with those previously reported in pyruvate kinase deficiency or that are to be expected in the context of sickle cell disease.
Pharmacodynamics and biomarker data support mitapivat’s proposed mechanism of action.
The company is focused on advancing mitapivat to pivotal development, with the goal of initiating a pivotal study next year.
https://seekingalpha.com/news/3582535-agios-reports-positive-mitapivat-data-in-sickle-cell-disease

Quidel nabs BARDA funding to develop test for respiratory viruses

Quidel (NASDAQ:QDELsecures the Biomedical Advanced Research and Development Authority (“BARDA”) funding of $635,000 to support the development of a point-of-care diagnostic assay that potentially tests for four respiratory viruses: SARS-CoV-2, Influenza A, Influenza B, and Respiratory Syncytial Virus (RSV). The respiratory virus panel would be developed to run on Quidel’s Sofia 2 flagship instrument.
The funding will run through April 2021 with he goal of achieving an FDA Emergency Use Authorization for the test.
https://seekingalpha.com/news/3582542-quidel-nabs-barda-funding-to-develop-test-for-respiratory-viruses

Centene sees FY 2020 revenue as high as $112B

Centene (NYSE:CNC) has updated its 2020 financial guidance.
Total revenues are expected to be $109.5B to $111.9B.
EPS is expected in the range of $3.06 to $3.20.
Non-GAAP EPS is expected to be $4.76 to $4.96.

Thursday, June 11, 2020

Wounded In Action From Covid-19

In our battle against SARS-CoV-2, we have mobilized as if we were at war with an alien invader. But this enemy is not from outer space. We and SARS-CoV-2 spring from the same source, the deep reservoir of all life on earth. Each species, struggling to survive.
With humans and SARS-CoV-2 that struggle binds us together, as we happen to be the choice ecological niche for this particular virus—conveniently numerous, crowded together, and traveling freely across continents.
Normally when we enter into battle, we count both the dead and wounded. But in this struggle, we tally only the infected and the dead. Yet a far greater toll is being paid in those wounded by the virus, who will never be whole again. Rarely do we even mention this growing tide of suffering.
Thanks to a recent story in the Washington Post we can now put faces to a few of our wounded survivors. Each is part of the Covid-19 recovery mosaic, lungs that will never breathe easy, foggy brains and paralyzed limbs, failing kidneys, hearts that swell and veins that burst.
Covid-19 is no mild cold that kills just a few, nor is it a mirror of the flu from which most recover intact. It is a deadly disease to some, and the beginning of debilitating lifelong disability for many others. It is high time we heard the voices of our wounded and extended our hand to help.
https://www.forbes.com/sites/williamhaseltine/2020/06/10/wounded-in-action-from-covid-19/#1737bc22bde4