Connect with us

Health

Monkeypox cases pushed up stock prices for these companies on Monday

 


Increasing concerns about the emergence of monkeypox in the West have caused stocks of several vaccine and pharmaceutical companies to skyrocket.

Infections are rarely reported outside of Central and West Africa, but as of Saturday, 92 cases have been confirmed this month in areas where the monkeypox virus is not endemic, such as Europe and the United States. According to the World Health Organization..

At least 3 cases It has been confirmed in the United States over the past year, including one of the adult men who recently traveled from Canada to Massachusetts. (No deaths have been reported.)

By last Friday, the Centers for Disease Control and Prevention Warning to healthcare providers Regarding a series of recent incidents, President Joe Biden said monkeypox is “everyone should be worried.”

Some companies that have developed smallpox vaccines and remedies have seen stock prices skyrocket, and some of those pharmaceutical companies have turned to investors who have paid close attention to the boosted stocks. May be familiar In early 2020 After China first disclosed the outbreak of the new coronavirus, it was finally identified as SARS-CoV-2.

This too:

  • GeoVax Labs Inc.
    GOVX,
    + 66.91%
    ,
    Stock prices soared 70% in trading on Monday afternoon. Without a licensed or approved product, the company focuses on modified vaccinia ankara base (MVA) technology. “An important point to consider is that when monkeypox surfaced, health authorities went directly to MVA. Proven efficacy, safety and durability,” Maxim Group’s Jason McCarthy told investors. Told. “This is validating MVA as a platform, especially GeoVax.” GeoVax has developed COVID-19 vaccines, including boosters and vaccines for people with weakened immunity. Shot is still a Phase 2 clinical trial.

  • Emergent BioSolutions Co., Ltd.
    EBS,
    + 3.79%
    ,
    The stock rose 7.3% on Monday. Emergent has an FDA-approved smallpox vaccine called ACAM2000.The company too Announced last week Purchased exclusive rights to Chimerix Inc.
    CMRX,

    Antiviral smallpox treatment, Tembexa, up to $ 337.5 million worth of transactions, and royalties. “Emergent now offers the broadest product line to combat monkeypox / smallpox outbreaks in the United States and around the world,” benchmark Robert Wasserman wrote in a note to investors last week. ..Emergence I encountered a manufacturing problem For Johnson & Johnson
    JNJ,
    + 2.04%

    Pandemic’s first COVID-19 vaccine that delayed the deployment of the pharmaceutical giant Shot.

There are also active activities by other groups of vaccine and pharmaceutical companies, such as:

  • Siga Technologies Inc.
    Jammer,
    -12.66%
    ,
    Shares fell 8.0% in trading on Monday. Last week, the company received FDA approval for an intravenous formulation of Tpoxx, a treatment for smallpox. The treatment has already been approved as oral therapy in Canada, Europe, and the United States. Earlier this month, the company said the Pentagon had signed a $ 7.5 million contract to purchase a dose of oral Tpoxx.

  • Bavarian Nordic
    BVNKF,
    -6.77%
    ,
    Shares fell 4.6% on Monday afternoon. The company has an MVA vaccine for smallpox and monkeypox, which is called Jynneos, Imvamune, or Imvanex. Last week, the Biomedical Advanced Research and Development Agency said it had exercised the option to buy 13 million doses of Jynneos for $ 119 million.

There is some overlap between companies that say they are developing COVID-19 vaccines and treatments and companies that are also working on smallpox and monkeypox vaccines and treatments, but with SARS-CoV-2. There are some important differences between monkeypox infections. Level of US readiness.

According to Raymond James analysts, the United States already has a stockpile of smallpox vaccines that can protect against monkeypox, vaccination of the entire US population.

“We have a vaccine against it,” said Dr. Ashish Jar, COVID-19 compliant coordinator at the White House. Said “this week” on Sunday. “We have a cure for it. And it spreads very differently from SARS-CoV-2. It’s not as contagious as COVID, so we can keep our arms around it. I’m sure I can do it. “

The first case of monkeypox reported in humans was detected in the Democratic Republic of the Congo 50 years ago, and the first outbreak of monkeypox in the United States was in 2003, with approximately 43 cases in six states as a result of contact. I confirmed. According to Raymond James analysts, a pet prairie dog housed near an animal imported from Ghana.

“With our current understanding of circulating strains, we believe the United States is far more prepared for monkeypox outbreaks than other infectious diseases,” Raymond James analysts said this week. Told.

S & P 500
SPX,
+ 1.86%

This year it is down 18.1%.

Sources

1/ https://Google.com/

2/ https://www.marketwatch.com/story/clusters-of-monkeypox-cases-are-driving-up-stock-prices-for-some-companies-11653335587

The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

ExBUlletin

to request, modification Contact us at Here or [email protected]