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Sunday, June 14, 2020

Sinovac reports positive early data on COVID-19 vaccine

June 14, 2020

Sinovac Biotech Ltd. (NASDAQ:SVA) announces encouraging preliminary results from a China-based Phase 1/2 clinical trial evaluating CoronaVac, its COVID-19 vaccine candidate, in 743 healthy volunteers.
Data from the Phase 2 portion showed a neutralizing antibody seroconversion rate north of 90% on a 0,14-day schedule (two shots 14 days apart).
On the safety front, there have been no severe adverse events reported.
It plans to file a report on the results and a proposed Phase 3 protocol to China’s National Medical Products Administration in the “near future.”
It is collaborating with Sao Paulo-based Instituto Butantan on Phase 3 trials to be conducted in Brazil.

The ‘Dark Side’ of ESG

Responsible investing based solely on avoiding certain stocks is a “narrow-minded way of looking at the world,” suggests Man Group’s CIO for ESG.
Investors should explore the “dark side” of responsible investing, going beyond the common tactic of simply avoiding stocks for environmental, social or governance reasons, according to Man Group.
“Why not short them?” asked Rob Furdak, Man Group’s chief investment officer for ESG, in a phone interview. “You get more exposure to things that matter to your set of values.”
Exclusionary screening of companies — the most prevalent way investors express their ESG views — may be costing them returns, according to research done by Man. But long-short strategies may pay off. Long bets on companies with, say, strong board diversity may help increase gains, he suggested, while shorting companies lacking diverse leadership may provide even more return.
Shorting stocks as an ESG strategy is not common, partly because some asset owners have policies prohibiting betting against companies, according to Furdak. He said some institutional investors worry about having any ties to stocks they wish to avoid — even if it’s a wager against the shares of coal, tobacco, or nuclear weapons companies they may be excluding from their portfolios.
“In the U.S., there’s a little bit more flexibility, a little bit more openness to shorting the bad companies,” Furdak said. While some asset owners are willing to “embrace the dark side of ESG,” he said others are more aligned with the typical European investor’s opposition to short selling “undesirable” companies.
Responsible investing done solely through restriction lists is “a very narrow-minded way of looking at the world,” according to Furdak. Man research has found that restricted stock portfolios, with the exception of coal, have beaten the MSCI World Index over the past twenty years. And while the return gap has been narrowing over the past five years, he said the data suggest such exclusion strategies probably have hurt the investment performance of asset allocators.
Digging deeper, Man found varying performance themes for excluded stocks since 2000.
For example, tobacco stocks have seen a particularly “dramatic regime shift” over the past couple decades, according to a new paper Furdak co-authored on the research. They began with “massive outperformance in the first dozen years,” and then, “after treading water,” have significantly lagged the index over the past three years, the paper said. Nuclear companies, meanwhile, have continued to post strong performance versus the benchmark.
By shorting the worst offenders of ESG values, Furdak sees opportunity for positive change along with stronger returns. Investors don’t have to be a large shareholder of a company to capture its attention.
“Most management cares about the short-selling community because they know that short-sellers can have negative influence,” he said. “You still have management’s ear because they want to do what they can to have a positive perception of the company in the marketplace.”
https://www.institutionalinvestor.com/article/b1m00mfvfl802r/The-Dark-Side-of-ESG

Fed’s Kaplan: Economy recovery may be slow if covid hygiene remains ‘uneven’

Dallas Fed President Robert Kaplan said Sunday that public health procedures to combat the coronavirus were just as important as government funding for the nascent economic recovery and that, to date, the efforts to reduce coronavirus infections have been “uneven.”
In an interview on CBS’s “Face the Nation,” Kaplan said experts tell him that it is “critical” that people “widely” wear masks and that there is good testing and contact tracing.
“The extent we do that well will determine how quickly we recover. We’ll grow faster if we do those things well,” Kaplan said. “And right now, it’s relatively uneven.”
Fed officials say they are doing all they can to help the economy recover. There is an undercurrent of concern in their comments over how efforts to stem the pandemic, normally outside the purview of central banking, are going.
On Friday, Richmond Fed President Thomas Barkin called on the government and business to develop a common set of standards so consumers feel safe shopping and eating at restaurants.
Texas is one state seeing rising coronavirus cases, especially in Austin and Houston.
Kaplan said that officials assumed there would be more coronavirus cases as part of the reopening.
“The thing we’re watching is — are there so many cases it is overwhelming the health-care system — and we’re not seeing that at all here,” he said.
The Dallas Fed president said the unemployment rate was on its way down.
“We’re going to get positive job growth in June, July from here,” he said.
However, even with the job growth, the jobless rate will finish the year at 8% or higher, he said.

Congressional spending “is going to be very important from here,” Kaplan said.
Asked if he meant Congress should spend more money, Kaplan said: “I am being careful as a central banker not to tell fiscal authorities what to do.”
The Dow Jones Industrial Average DJIA, +1.90% was down 1,505 points last week to 25,605. Stocks fell sharply after Fed Chairman Jerome Powell gave a grim outlook for the economy.

Powell said there was a “long road” ahead for the economy to return to full employment and the outlook was uncertain. He said millions of workers won’t get to go back to their old jobs.
The Fed chairman will get to revise and extend his remarks when he testifies to Congress on Tuesday and Wednesday.
https://www.marketwatch.com/story/feds-kaplan-worries-recovery-may-be-slowed-if-coronavirus-health-practices-remain-uneven-2020-06-14

Israel in talks to buy coronavirus vaccine from Moderna

Israel is in advanced talks with Moderna Inc to buy its coronavirus vaccine that is entering the final stage of testing, leading Israeli news website YNET reported on Sunday.
YNET, quoting unnamed officials at Israel’s Health Ministry, did not report further details. A ministry spokesman declined to comment on the report.
Moderna confirmed on Thursday it planned to start a trial of 30,000 volunteers for its vaccine in July.
https://www.reuters.com/article/us-health-coronavirus-moderna-israel/israel-in-talks-to-buy-coronavirus-vaccine-from-moderna-ynet-reports-idUSKBN23L0RH

HIV research inspires neutron scattering approach to studying COVID-19

As the novel coronavirus continues to spread, researchers are searching for novel ways to stop it. But for two scientists, looking to the future means drawing inspiration from the past.
In January of 2020, Andrey Kovalevsky and Daniel Kneller, researchers at the Department of Energy’s (DOE’s) Oak Ridge National Laboratory (ORNL), were preparing to use neutrons to study the relationship between a certain HIV —a that allows the virus to replicate itself within the human body—and a class of anti-retroviral drugs known as HIV protease inhibitors. Some types of HIV build resistance to these drugs. The researchers’ goal was to gain a better understanding of how protease variations work, to aid the development of cutting-edge treatments to overpower even the toughest resistant strains of HIV.
When the team began their work, little did they know that, coincidentally, their efforts to study HIV would quickly put them on a new path to tackling COVID-19, the pandemic that now has the world in its grip.
As it turns out, the protease enzymatic activity that enables HIV to reproduce—the very mechanism Kovalevsky’s team was gearing up to investigate with neutrons—is the same replication mechanism employed by SARS-CoV-2, the virus that causes the disease COVID-19.
Now, the team has shifted the focus of the experimental approach they intended to use to study HIV to combat the new global threat.
HIV studies pivot to novel coronavirus
Kovalevsky has been studying HIV for 15 years. As a neutron crystallographer, he studies small crystallized samples of biological matter by bombarding them with neutrons. The neutron scattering technique is highly effective in revealing how a sample’s atomic structure is arranged and how its atoms are behaving. Depending on the aim, insights gleaned can offer guidance on how to either improve or even suppress certain properties of a biological material.
Neutrons are an ideal tool for studying biological structures and behaviors because of their acute sensitivity to light elements such as hydrogen and their ability to probe such materials without damaging them.
In 2019, Kovalevsky set out to study HIV in a way that had never been done before. Using inelastic neutron scattering would allow him to collect data on the dynamics, or the motions, of an HIV protease, which would add to the neutron diffraction data he’d been collecting for years. Having both the structural and behavioral—or dynamical—information would provide a more complete picture of how the virus works and, in turn, could lead to new advances in treatments.
After using the VISION spectrometer at ORNL’s Spallation Neutron Source (SNS)—a neutron scattering instrument that reveals the motions of atoms based on their vibrations—Kovalevsky realized he needed help in analyzing the data.
“Daniel brings in expertise in viral protease research,” explained Kovalevsky on recruiting Kneller. “He knows how to work with the proteins in the lab. He knows all the lab techniques in terms of protein production, purification, crystallization, crystallographic data collection, and analysis to obtain insights into drug design.”
It took about 8 months to hire Daniel after an extensive search, Kovalevsky says. Kneller—who specializes in studying HIV protease using crystallography—joined Kovalevsky’s team in January of 2020 to help with the experimental and computational work on the HIV protease.
But just as the team was ready to dive in, COVID-19 had gone global, and the research hit a hard stop.
Switching gears, getting early results
In March, staff in ORNL’s Neutron Sciences developed a plan to study key components of COVID-19 by assembling research teams and reprioritizing the operating schedules of essential instruments at the two neutron scattering facilities at ORNL, SNS and the High Flux Isotope Reactor (HFIR).
Having already laid the groundwork to study protease, Kovalevsky and Kneller promptly pivoted from HIV to the novel coronavirus. Specifically, they are currently focused on the main protease of SARS-CoV-2, the virus that causes the COVID-19 disease.
“The SARS-CoV-2 protease is an enzyme that cuts proteins that enable the virus to reproduce. Understanding how the protease is assembled and how it functions is a critical first step to finding effective drug inhibitors to block the virus’s replication mechanism,” said Kovalevsky. “Similar to the HIV protease, the main protease from the SARS-CoV-2 virus is one of the most attractive drug targets right now for designing specific inhibitors.”
As with the original plan of the HIV work, the team is preparing to use instruments at SNS and HFIR to gain fundamental insights into how the atoms in the protease are arranged. Using the MaNDi and IMAGINE instruments, the researchers will be able to piece together the protease’s atomic structure by using neutrons to track the hydrogen atoms within the crystallized protein samples.
But first, they have to obtain crystals of high quality that are large enough for neutron experiments. This is where the team has made significant strides early on.
Crystal quality is first determined by how well they diffract, or scatter, X-rays. Typically, this process is conducted at a synchrotron facility, where the crystals might be frozen to around 100 K (or about -280°F).
The team used the Protein Crystallization and Characterization lab at SNS to grow SARS-CoV-2 protease crystals, which took about a week to 10 days. To analyze the quality of the crystals, they used the local X-ray machine, a Rigaku HighFlux HomeLab, which provided several key findings.
First, the X-ray experiments confirmed the crystals were of high quality and that the method used to grow them might produce larger crystals suitable for neutron experiments. Second, having a local machine allowed them to collect X-ray measurements at room temperature, around 70°F.
The room-temperature measurements enabled them to observe the plasticity, or flexibility, of the protease structure, providing discernable information about how the structure behaves in conditions close to the virus’s physiological environment. Those data could not have been obtained using frozen samples.
“This is an important milestone in our effort to do neutron diffraction. The investment in a local X-ray machine has paid off quite well,” said Kneller. “In one instance, we grew crystals on Monday and collected data on them on Tuesday. Otherwise, to obtain that information you would have to send your crystals to a synchrotron, which could take days to weeks.”
“And right now, because of the pandemic, you can’t go to a synchrotron,” added Kovalevsky. “And to analyze crystals at room temperature, you have to be there.”
“The information we learned from the room-temperature structure has the ability to immediately impact the computational directions researchers are using. We found some differences between our room-temperature near-physiological structure and the frozen structures from the synchrotrons, which may be important for the computational work, such as the small-molecule docking studies being done on ORNL’s supercomputer Summit,” said Kneller.
“So far, we’ve been very successful in our early studies of COVID-19. We’ve already submitted a manuscript for publication about our structural findings, in which we’ve essentially conducted two months of research that normally might have taken a year.”
Aiding Kovalevsky and Kneller in the data and structure analysis of the protein crystals was Leighton Coates, an instrument scientist on the SNS MaNDi diffractometer who is also a member of the crystallographic team studying the SARS-CoV-2 protease.
The data generated over the next several months will be shared with other national laboratories, universities, and the broader science community to build more accurate models for computational simulations used to identify potential drug candidates to stop the virus.
“The scientific community has responded swiftly to the COVID-19 pandemic. We are fortunate to be able to make our own contributions by leveraging years of experience studying HIV to build a better understanding of how the novel coronavirus replicates and how we can battle it by inhibiting its essential protease,” said Kovalevsky.
Researching HIV resistance
Before the pandemic turned their attention and efforts to researching SARS-CoV-2, Kovalevsky and Kneller had a clear plan for attacking HIV.
Thirty-nine million people around the world are infected with HIV. Providing these people with better treatment options would not only improve their quality of life but also prevent this disease from spreading further.
The HIV protease works by cleaving harmless, or nonfunctional, strands of proteins into smaller proteins, turning them into functional viral proteins that enable the virus to assemble and continue infecting healthy human cells. In general, HIV protease inhibitors are quite effective at blocking protease during HIV replication, but some variations of protease have developed an ability to resist drug inhibitors.
“If we can learn more about the molecular mechanisms that make HIV protease variants drug resistant, we can design drugs that are better equipped to outsmart its defenses,” said Kneller.
Specifically, Kneller and Kovalevsky wanted to explore PRS-17, a unique HIV protease variant that is 10,000 times less likely than other nonresistant variants to be inhibited by the most effective clinical HIV protease inhibitors currently available. Kovalevsky explained that while HIV treatment programs have come a long way since the HIV pandemic first began in the 1980s, mutant variants like PRS-17, resulting from prolonged treatment, could compromise years of pharmaceutical innovation and progress and result in failed antiviral therapies.
“Drug resistance is now the biggest problem for HIV patients. With proper treatment, patients can live long and happy lives with undetectable levels of HIV in their system. They won’t develop AIDS or spread HIV to others. But PRS-17 and other drug-resistant HIV protease variants make it difficult for physicians to combat HIV in their patients,” said Kovalevsky.
Understanding exactly how PRS-17 neutralizes the efficacy of HIV protease inhibitors is difficult, say the researchers. Viruses’ constituent proteins are complex systems, and PRS-17 has the ability to employ several different mechanisms to guard itself against anti-retroviral drugs.
“Figuring out how PRS-17 resists HIV protease inhibitors is a challenge, but one that we absolutely have to overcome. PRS-17 is a clinical isolate, which means it came from an actual patient struggling to combat this disease,” explained Kneller. “Learning more about it could save the lives of many patients, because the knowledge we gain using neutrons on PRS-17 will be transferrable to other similar extremely drug-resistant protease variants.”
The team intended to create a map of the PRS-17 protease to better understand the molecular mechanisms behind its drug resistance. That involved using the MaNDi and VISION instruments at SNS and the IMAGINE instrument at HFIR.
“It was very much the same approach we are now trying with COVID-19,” said Kovalevsky.
With MaNDi and IMAGINE, Kneller and Kovalevsky were planning to probe crystallized samples of PRS-17 protease to generate detailed data on its static . Using VISION would enable them to probe powdered samples of PRS-17 protease to provide insights into its dynamic properties by measuring the molecular vibrations.
Neutrons are particularly well-suited to study components of viruses such as HIV (or SARS-CoV-2) because of their sensitivity to hydrogen, an important component of all proteins. With neutron crystallography, the team could precisely locate each hydrogen atom within PRS-17’s protease, giving them unprecedented insight into how the protein functions and what interactions it undergoes with a protease inhibitor.
“Use neutron crystallography at MaNDi and IMAGINE to locate hydrogen atoms in crystals of PRS-17 protease, would enable us to build a comprehensive profile of its static structure,” said Kneller. “With VISION, we would also track hydrogen atoms, but we would use powdered samples of PRS-17 protease that have been rehydrated to mimic the crowded conditions of an HIV viral particle. That would allow us to see its dynamic properties and learn more about how it might move when it is working within a viral particle.”
Kneller explained that getting information about both the static and dynamic properties of PRS-17 is important for developing a complete understanding of this virus’s resistance to anti-retroviral drugs.
“If I tracked your location just once a day at midnight, I would think you spend all of your time at home. But really, you move around quite a bit throughout the day. That’s why it’s important to collect both static and dynamic measurements of our sample. It lets us build a fuller picture of protease’s behavior,” said Kneller.
“Without neutron crystallography, researchers have to make educated guesses about where hydrogen atoms are in a protein whenever they attempt to understand how the protein does its job,” added Kneller. “These types of experiments that Andrey has done previously have actually been able to confirm the locations of these hydrogen atoms in nonresistant HIV protease variants, but never in an extremely drug-resistant protease variant. That means we would be able to produce truly unique and novel data about this protease.”
Kneller and Kovalevsky hope to one day generate data through their experiments that will become an invaluable resource for researchers looking to combat drug-resistant strains of HIV.
“It’s a team effort. Chemists, biologists, and professionals from the pharmaceutical industry all have to work together to combat illness,” said Kneller. “Together, we can develop effective treatments for drug-resistant strains of HIV.”
Research was supported by the DOE Office of Science through the National Virtual Biotechnology Laboratory, a consortium of DOE national laboratories focused on response to COVID-19, with funding provided by the Coronavirus CARES Act.
https://phys.org/news/2020-06-history-insightful-hiv-neutron-approach.html

U.S. states weigh risks of further reopening

As coronavirus cases spike nationwide, Utah and Oregon have put any further economic reopenings on hold, while states like Texas, Arkansas and Arizona pledged to keep going.
It comes as California, which implemented the country’s first statewide stay-at-home order, entered the most expansive phase of its gradual reopening Friday.
Across the country, Governor Andrew Cuomo said Western New York was expected to enter Phase 3 of reopening on June 16 and the Capital Region should move to Phase 3 on Wednesday.
https://seekingalpha.com/news/3582838-u-s-states-weigh-risks-of-reopening

Cambridge face mask study

Population-wide use of facemasks keeps the coronavirus ‘reproduction number’ under 1.0, and prevents further waves of the virus when combined with lockdowns, a modelling study from the universities of Cambridge and Greenwich suggests.
The research suggests that lockdowns alone will not stop the resurgence of SARS-CoV-2, and that even homemade masks with limited effectiveness can dramatically reduce transmission rates if worn by enough people, regardless of whether they show symptoms.
The researchers call for information campaigns across wealthy and developing nations alike that appeal to our altruistic side: “my facemask protects you, your facemask protects me.” The findings are published in the Proceedings of the Royal Society A.
“Our analyses support the immediate and universal adoption of facemasks by the public,” said lead author, Dr Richard Stutt, part of a team that usually models the spread of crop diseases at Cambridge’s Department of Plant Sciences.
“If widespread facemask use by the public is combined with physical distancing and some lockdown, it may offer an acceptable way of managing the pandemic and re-opening economic activity long before there is a working vaccine.”
Dr Renata Retkute, coauthor and Cambridge team member, said: “The UK government can help by issuing clear instructions on how to make and safely use homemade masks.”
“We have little to lose from the widespread adoption of facemasks, but the gains could be significant.”
The new coronavirus is transmitted through airborne droplets loaded with SARS-CoV-2 particles that get exhaled by infectious people, particularly when talking, coughing or sneezing.
For the latest study, Cambridge researchers worked to link the dynamics of spread between individuals with population-level models, to assess different scenarios of facemask adoption combined with periods of lockdown.
The modelling included stages of infection and transmission via surfaces as well as air. Researchers also considered negative aspects of mask use, such as increased face touching.
The reproduction or ‘R’ number — the number of people an infected individual passes the virus onto — needs to stay below 1.0 for the pandemic to slow.
The study found that if people wear masks whenever they are in public it is twice as effective at reducing ‘R’ than if masks are only worn after symptoms appear.
In all modelling scenarios, routine facemask use by 50% or more of the population reduced COVID-19 spread to an R less than 1.0, flattening future disease waves and allowing less-stringent lockdowns.
Viral spread reduced further as more people adopted masks when in public. 100% mask adoption combined with on/off lockdowns prevented any further disease resurgence for the 18 months required for a possible vaccine.
The models suggest that — while the sooner the better — a policy of total facemask adoption can still prevent a second wave even if it isn’t instigated until 120 days after an epidemic begins (defined as the first 100 cases).
The team investigated the varying effectiveness of facemasks. Previous research shows that even homemade masks made from cotton t-shirts or dishcloths can prove 90% effective at preventing transmission.
The study suggests that an entire population wearing masks of just 75% effectiveness can bring a very high ‘R’ number of 4.0 — the UK was close to this before lockdown — all the way down to under 1.0, even without aid of lockdowns.
In fact, masks that only capture a mere 50% of exhaled droplets would still provide a “population-level benefit,” even if they quadrupled the wearer’s own contamination risk through frequent face touching and mask adjustment (a highly unlikely scenario).
The researchers point out that crude homemade masks primarily reduce disease spread by catching the wearer’s own virus particles, breathed directly into fabric, whereas inhaled air is often sucked in around the exposed sides of the mask.
“There is a common perception that wearing a facemask means you consider others a danger,” said Professor John Colvin, coauthor from the University of Greenwich. “In fact, by wearing a mask you are primarily protecting others from yourself.”
“Cultural and even political issues may stop people wearing facemasks, so the message needs to be clear: my mask protects you, your mask protects me.”
“In the UK, the approach to facemasks should go further than just public transport. The most effective way to restart daily life is to encourage everyone to wear some kind of mask whenever they are in public,” Colvin said.
Prof Chris Gilligan, coauthor from Cambridge’s Epidemiology and Modelling Group in the Department of Plant Sciences, added: “These messages will be vital if the disease takes hold in the developing world, where large numbers of people are resource poor, but homemade masks are a cheap and effective technology.”

Story Source:
Materials provided by University of Cambridge. The original story is licensed under a Creative Commons License. Note: Content may be edited for style and length.

Journal Reference:
  1. Richard O. J. H. Stutt, Renata Retkute, Michael Bradley, Christopher A. Gilligan, John Colvin. A modelling framework to assess the likely effectiveness of facemasks in combination with ‘lock-down’ in managing the COVID-19 pandemic. Proceedings of the Royal Society A: Mathematical, Physical and Engineering Sciences, 2020; 476 (2238): 20200376 DOI: 10.1098/rspa.2020.0376
https://www.sciencedaily.com/releases/2020/06/200609190727.htm