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RACE TO COVID19 VACCINE AND TESTING
PAUL YOUNG CPA CGA
AUGUST 31, 2020
PAUL YOUNG CPA CGA – BIO
September 9,
2014
• CPA, CGA
• Financial Solutions
• SME – Risk Management
• SME – Emerging Technology
• SME – Business Process Change
• SME – Close, Consolidate and
Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
Contact – Paul.Young@ca.ibm.com
INTRODUCTION
This presentation takes a look at what is happening with the COVID19 vaccine development.
AGENDA
 Pharma and Vaccines development
 Key Companies
 CANSINO BIOLOGICS INC.(6185)
 Symvivio Corporation
 Novovax
 CureVac
 Generex
 Vaxart
 Medicago
 Takis
 Altimmune
 Testing
 Testing Kits
 Global Market / Testing
 Effective Treatments
 Antibodies
 Mitigation
 Contact Tracing
 Medical Equipment and Supplies
 Justin Trudeau Management
 Donald Trump and Pandemic
 CDC and Deaths
 Summary
MAJOR PLAYERS / VACCINES DEVELOPMENT
FINANCIAL PERFORMANCE KEY COMPANIES
CANSINO
BIOLOGICS
INC.(6185)
 100% of the revenue is in China -
https://www.marketscreener.com/CANSINO-BIOLOGICS-INC-
59318312/company/
 The chair is McGill graduate. https://www.marketscreener.com/business-
leaders/Xue-Feng-Yu-0DD2L9-E/biography/ Trudeau attended McGill and
McGill has high Chinese enrolment -
https://www.mcgill.ca/international/channels/news/mcgill-news-china-
tops-international-enrolment-mcgill-first-time-291377
 J&J and Casino have similar vaccine -
https://www.reuters.com/article/health-coronavirus-vaccine/special-
report-countries-companies-risk-billions-in-race-for-coronavirus-
vaccine-idUSL2N2CF0JG. China is ahead of the curve. China weakness has
always been with real facts.
 https://www.fiercepharma.com/vaccines/china-s-cansino-pushes-
coronavirus-vaccine-into-clinical-testing-as-moderna-doses-1st “The
green light was doled out very quickly. It was only Tuesday when CanSino
said it had filed the pre-IND review application for the vaccine to
authorities and was in the process of a rolling submission of technical
documents. CanSino’s candidate, dubbed Ad5-nCoV, uses its adenovirus-
based viral vector vaccine platform. In 2017, the same technology helped
the company earn a Chinese nod for its Ebola vaccine, which was the first
Ebola shot approved anywhere based on the strain behind the deadly
epidemic in West Africa in 2014.
 Trial of COVID19 drug back by the Military -
https://twitter.com/dockaurg/status/1262018934569664515
 Last 10K filed was 2017 - https://fintel.io/filings/us/casbf
 Only 2018 showed revenue
SYMVIVIO
CORPORATION
 Early VC company working with Canadian government -
https://pitchbook.com/profiles/company/185411-98#funding (Key investor -
National Research Council Canada
 https://www.dnb.com/business-directory/company-
profiles.symvivo_corporation.31108ce6e17eb52f4e64c097dc36f2f7.html
“Symvivo Corporation is in Burnaby, BC, Canada and is part of the
Biotechnology Research Services Industry. Symvivo Corporation has 3 total
employees across all of its locations and generates $580,698 in sales (USD).”
 Small venture capital and pre-trials - https://www.trialsitenews.com/ubc-
dalhousie-university-commence-study-of-the-bactrl-spike-vaccine-targeting-
covid-19/ “According to one profile, the venture has raised $2 million from a
local early state venture investor and $100K from a National Research Council.
Founder Graves started the company, along with Mark Fox—a friend from
undergrad—as he realized “he sucked” at research but desired to leverage his
scientific degree in meaningful ways. Graves and Fox sought to develop a
platform that could accelerate drug development by focusing on the
discovery—developing patents for aspects of the drug delivery process that
could be licensed to drug makers”
NOVOVAX
 A small group of scientists, execs, and VCs are $277 million richer as their companies
race to create a coronavirus vaccine. Here are 7 who have raked in huge sums. -
https://markets.businessinsider.com/news/stocks/coronavirus-drugmakers-moderna-
gilead-novavax-stock-price-profit-millions-shareholders-2020-2-1028949761
 Stock sales due to trials -
https://www.bizjournals.com/washington/news/2020/05/20/novavax-prepares-stock-
sale-as-covid-19-vaccine.html
 https://finance.yahoo.com/news/novavax-nvax-stock-come-too-224659672.html
“Vaccine specialist Novavax (NVAX) stepped up to the plate, and hit the ball out of
the park yet again. Investors had already enjoyed some pretty hefty gains in 2020
before more positive developments sent the stock into the stratosphere. Last week,
news that Novavax had received a $384 million grant from the Coalition for Epidemic
Preparedness Innovations (CEPI) to support the development of its COVID-19 vaccine
candidate, NVX-CoV2373, resulted in a 133% addition to the share price”
 Coalition Preparedness https://cepi.net/about/whoweare/ - CEPI has secured
financial investment from the Governments of Australia, Belgium, Canada,
Denmark, Ethiopia, Finland, Germany, Japan, the Kingdom of Saudi Arabia, the
Netherlands, Norway, the UK and Switzerland, as well as the Bill & Melinda
Gates Foundation, and Wellcome. The European Commission provides
substantial financial contributions to support relevant projects through its
mechanisms. CEPI has also received donations from the private sector and
individuals through the UN Foundation’s COVID-19 Solidarity Response Fund to
support our COVID-19 vaccine development efforts.
CUREVAC
 As the race to develop a coronavirus vaccine intensifies, one player—
German drugmaker CureVac—is backed by particularly deep pockets.
CureVac, which is in the headlines amid rumors that the U.S.
government offered funding to lure its research exclusively to
America, counts one of Germany’s richest entrepreneurs, Mexican
shopping mall tycoons and the Bill and Melinda Gates Foundation
among its investors.
https://www.forbes.com/sites/martaorosz/2020/03/16/these-are-the-
billionaire-investors-behind-german-drugmakers-developing-a-
coronavirus-vaccine/#78c83f841fb8
 Regulators / Germany https://www.ft.com/content/7409dbae-6b4f-
4be0-ba75-46ed52e951ae
 In the race to find a medical breakthrough to the pandemic, the
startup, CureVac, said earlier this month that its proprietary
technology has found suitable candidates that could lead to a
treatment, and that it aims to start clinical trials in early summer.
CureVac has received funding from the Bill & Melinda Gates
Foundation. - https://fortune.com/2020/03/16/coronavirus-cure-
trump-businesses-biotech/
GENEREX
 Manufacturing of peptide -
https://www.globenewswire.com/news-
release/2020/05/04/2026744/0/en/Generex-Biotechnology-
Initiates-Peptide-Manufacturing-for-Ii-Key-SARS-CoV-2-Peptide-
Vaccine-Against-the-COVID-19-Pandemic.html
 Stock/Generex- https://www.fool.com/investing/2020/05/17/is-
buying-a-basket-loaded-with-every-coronavirus-v.aspx “BIO, the
biggest trade group representing the biotechnology industry,
currently lists 28 companies that are actively involved in
developing COVID-19 vaccines. Here are the 21 of those
drugmakers that are publicly traded:”
VAXART
 SOUTH SAN FRANCISCO, Calif., May 20, 2020 (GLOBE NEWSWIRE) --
Vaxart, Inc. (“Vaxart” or the “Company”) (NASDAQ: VXRT), a clinical-
stage biotechnology company developing oral recombinant vaccines
that are administered by tablet rather than by injection, today
announced that it has selected its lead COVID-19 vaccine candidate
and has contracted with KindredBio to manufacture bulk vaccine
under cGMP to complement the manufacturing capacity of partner
Emergent BioSolutions https://www.globenewswire.com/news-
release/2020/05/20/2036357/0/en/Vaxart-Announces-Selection-of-
its-Oral-COVID-19-Vaccine-Lead-Candidate.html
 Funding issues - https://seekingalpha.com/article/4334623-vaxarts-
coronavirus-stock-bump-is-unlikely-to-continue-exit-now-be-long
 Cash on hand - https://www.fool.com/investing/2020/04/28/why-
vaxart-stock-slumped-today.aspx
 Partnerships - https://observer.com/2020/05/covid-19-vaccine-
moderna-results-new-progress/
MEDICAGO
 Quebec Funding -
https://www.canadianmanufacturing.com/research-and-
development/government-of-quebec-providing-7m-to-
medicagos-covid-19-vaccine-development-249412/
 Animal Trials - https://www.sttinfo.fi/tiedote/medicago-
announces-positive-results-in-animal-trials-for-its-vaccine-
candidate-against-covid-
19?publisherId=58763726&releaseId=69881188
 Collaborative project of more than $1.2 million using artificial
intelligence to optimize the production of vaccines, announced
by CQDM and Medicago R&D - https://www.newswire.ca/news-
releases/collaborative-project-of-more-than-1-2-million-using-
artificial-intelligence-to-optimize-the-production-of-vaccines-
announced-by-cqdm-and-medicago-r-amp-d-859733879.html
TAKIS
 “TAKIS SRL is located in ROMA, ROMA, Italy and is part of the
Scientific Research & Development Services Industry. TAKIS SRL
has 15 employees at this location and generates $1.78 million in
sales (USD). There are 4 companies in the TAKIS SRL corporate
family. https://www.dnb.com/business-directory/company-
profiles.takis_srl.1084976c4f88cf6ddd4089044968c511.html
 Startup -
https://www.forbes.com/sites/giacomotognini/2020/04/21/inside
-the-tiny-italian-biotech-startup-racing-to-develop-a-
coronavirus-vaccine/#b686e172c106
 Funding - https://finance.yahoo.com/news/applied-dna-takis-
biotech-announce-070000273.html
UPDATE –
VACCINES /
DEVELOPMENT
Source - “”
https://www.healthline.com/healt
h-news/heres-exactly-where-
were-at-with-vaccines-and-
treatments-for-covid-19
VACCINES DEVELOPMENT
 GSK - https://indianexpress.com/article/coronavirus/coronavirus-covid-19-vaccine-glaxosmithkline-oxford-
astrazeneca-moderna-clover-status-check-6469474/
 Vaccine Tracker - https://www.nytimes.com/interactive/2020/science/coronavirus-vaccine-tracker.html
 Gavi organization funding from sources like Bill Gates and world governments - https://www.biopharma-
reporter.com/Article/2020/06/17/Gavi-receives-billions-in-funding
 Gates and Inovio - https://www.newsbreak.com/missouri/kansas-city/news/0OfXdfSR/a-potential-coronavirus-
vaccine-funded-by-bill-gates-is-set-to-begin-testing-in-people-with-the-first-patient-expected-to-get-it-
today
ALTIMUNE
 “Shares of Altimmune (ALT) - Get Report soared Thursday after
the clinical-stage biopharmaceutical company announced the
next step in development of its coronavirus vaccine AdCovid. “In
collaboration with the University of Alabama at Birmingham, we
have commenced preclinical testing of candidates for our Covid-
19 vaccine, AdCovid,” the company said in a statement.
https://www.thestreet.com/investing/altimmune-coronavirus-
vaccine-preclinical-trial
 Former Pfizer board director appointed to Altimmune -
https://www.reuters.com/companies/ALT.OQ
TESTING
 COVID19 – Testing “It uses a simple assay containing plasmonic gold
nanoparticles to detect a color change when the virus is present. The
test does not require the use of any advanced laboratory techniques,
such as those commonly used to amplify DNA, for analysis. The authors
published their work last week in the American Chemical Society’s
nanotechnology journal ACS Nano. "Based on our preliminary results,
we believe this promising new test may detect RNA material from the
virus as early as the first day of infection. Additional studies are needed,
however, to confirm whether this is indeed the case,” said study leader
Dipanjan Pan, PhD, professor of diagnostic radiology and nuclear
medicine and pediatrics at UMSOM.”
https://www.umaryland.edu/news/archived-news/may-2020/covid-19-
results-in-10-minutes-umb-studies-rapid-test.php or
https://www.nextbigfuture.com/2020/05/ten-minute-covid-19-
detection-test-using-
nanoparticles.html?utm_source=feedburner&utm_medium=feed&utm_
campaign=Feed%3A+blogspot%2Fadvancednano+%28nextbigfuture%
29
TESTING KITS
Source - https://www.medtechdive.com/news/coronavirus-tests-home-collection-quest-diagnostics-
letsgetchecked/578837/
The cost is $129 per kit!
GLOBAL MARKET / TESTING
Source - https://www.globenewswire.com/news-release/2020/06/01/2041269/0/en/Global-COVID-19-diagnostic-testing-market-to-amass-USD-44481-8-million-in-2020.html
• Additional costs to already strapped healthcare system
• Private insurance companies and their coverage in terms of their testing. This could mean a rise in premiums
• Consumers could be out of pocket about $129 per test.
TREATMENT OPTIONS
ANTIBODIES
 “Much remains to be learnt about the immunological responses to SARS-CoV-2. Nevertheless, it is becoming clear that antibodies taken from the
blood serum of people who have recovered from COVID-19 can be used for treatment by being transfused into other people who have the
disease”Source - https://www.nature.com/articles/d41586-020-01816-5
 Disappearance of antibodies 2-3 months - https://www.medscape.com/viewarticle/932671
 “Those who did not have a bad case of COVID-19 lose antibodies faster. Forty percent of asymptomatic individuals became seronegative and
12.9% of the symptomatic group became negative for IgG in the early convalescent phase. In addition, asymptomatic individuals exhibited lower
levels of 18 pro- and anti-inflammatory cytokines. These data suggest that asymptomatic individuals had a weaker immune response to SARS-
CoV-2 infection.mThe research, published in Nature Medicine on June 18, highlights the risks of using COVID-19 ‘immunity passports’ and
supports the prolonged use of public health interventions such as social distancing and isolating high-risk groups This seems to indicate that our
better bet is t-cell-related therapies and vaccines and hygiene and social distancing.
 Avoid getting together with larger groups
 Stay 6-10 ten feet apart if at all possible
 clean your hands every hour
 Source - https://www.nextbigfuture.com/2020/06/coronavirus-antibody-immunity-fades-by-70-within-2-3-
months.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+blogspot%2Fadvancednano+%28nextbigfuture%29
GENE RESEARCH
 Genome sequencing - https://globalnews.ca/news/7072424/alberta-researchers-genome-sequence-covid-19/
 AI and Genome sequencing - http://www.genomequebec.com/486-en/news-covid-19-unprecedented-
research-combining-genomics-and-artificial-intelligenceicial-intelligence/
 Blood type and genome - https://directorsblog.nih.gov/2020/06/18/genes-blood-type-tied-to-covid-19-risk-
of-severe-disease/
MITIGATION
 Shutting down an economy should be last resort
 Private sector is driven by cash flow.
 The focus should be on infrastructure, getting goods to market, supply chain, advance technology and reforming of government -
https://www.slideshare.net/paulyoungcga/canada-gdp-and-economy-truth-and-what-needs-to-change
 All levels of government should review their pandemic responses to ensure they have updated their playbook
 Annual audits of risk and crisis management should be completed each year - https://www.slideshare.net/paulyoungcga/the-role-of-operational-and-
performancebased-auditing-on-government-and-the-private-sector
 WHO needs to provide reports on virus threats including what needs to be done to mitigate the spread
 https://www.slideshare.net/paulyoungcga/crisis-management-how-best-to-managed-a-crisis
 More coordination by the WHO with all government including monthly status calls around threats
 Reporting should also be provided on the threats including performance audits of various WHO programs
 Mitigating the spread is to ensure healthcare is provided with the necessary equipment -
https://www.cdc.gov/coronavirus/2019-ncov/hcp/ppe-strategy/index.html
 Sterilization methods of equipment and masks - https://www.inthehammer.com/hamilton-firms-technology-addresses-covid-
waste-and-ppe-shortage
 Protecting the most vulnerable
 Screening at hospitals and long-term care facilities
 Restricting the movement of staff between facilities
UPDATE – JUNE 23, 2020 TO JULY 1, 2O20
 State of affairs with COVID19 - https://www.healthline.com/health-news/heres-exactly-where-were-at-with-vaccines-
and-treatments-for-covid-19
 Line is forming for the vaccine - https://www.sciencemag.org/news/2020/06/line-forming-covid-19-vaccine-who-
should-be-front
 You cannot shut down the economy, but all levels of government including the private sector need to take mitigating
steps - https://www.slideshare.net/paulyoungcga/transforming-the-economy-postcovid19-canada-and-the-world
 China is using the pandemic to make changes with laws for Hong Kong -
https://www.cnn.com/2020/07/01/asia/hong-kong-national-security-law-intl-hnk/index.html
 USA buys up key drug - https://globalnews.ca/news/7127951/us-remdesivir-supply-coronavirus/
 Antibody treatment - https://www.cnn.com/2020/06/26/health/antibody-therapies-covid-19-update-
wellness/index.html
VACCINES, HEALTH AND SAFETY AND TESTING UPDATE
 USA clinical trials - https://globalnews.ca/news/7178006/us-coronavirus-vaccine-testing/
 Human trials in Quebec - https://www.cbc.ca/news/health/human-trials-covid-19-vaccine-candidate-quebec-1.5648648
 World and treatment of COVID19 - https://www.healthline.com/health-news/heres-exactly-where-were-at-with-vaccines-and-
treatments-for-covid-19#Antivirals
 Vaccines Trials - https://www.nytimes.com/interactive/2020/science/coronavirus-vaccine-tracker.html
 Mobile testing kits - https://www.thestar.com/business/2020/07/09/guelph-companys-mobile-covid-19-test-kit-hits-market-and-
heads-for-norther-ontario.html
 Workplace measures - https://www.ontario.ca/page/develop-your-covid-19-workplace-safety-plan or
http://www.worksafesask.ca/covid-19/conducting-a-hazard-assessment-and-developing-a-safety-plan/
 Mobile workers - https://www.carsondesign.com/2017/12/designing-your-office-space-for-the-mobile-workforce/
 Vaccines trials - https://www.nytimes.com/interactive/2020/science/coronavirus-vaccine-tracker.html or
https://newsinteractives.cbc.ca/coronavirusvaccinetracker/
 Government of Canada order doses - https://www.ctvnews.ca/canada/feds-order-supplies-to-give-two-doses-of-covid-19-vaccine-
when-it-s-ready-1.5029530
 Status of treatments and Vaccines – August 16, 2020 - https://www.healthline.com/health-news/heres-exactly-where-were-at-with-
vaccines-and-treatments-for-covid-19#Vaccines
 Treatments - https://catsroundtable.com/yale-prof-harvey-risch-hydroxychloroquine-hcq-covid-19/

CONTACT TRACING
 Development of contact tracing- “Contact tracing is the public health practice of informing people when they've been
exposed to a contagious disease. As it has become more widely employed across the U.S., it has also become mired in
modern political polarization and conspiracy theories.” - https://www.npr.org/sections/health-
shots/2020/07/14/890628203/conspiracy-theories-aside-heres-what-contact-tracers-really-do
 Privacy issues with contact tracing
 One of the biggest challenges, experts told a congressional panel this week, is dispelling the unease people feel about the government or private
companies gaining access to their personal data - https://www.marketwatch.com/story/us-contract-tracing-efforts-on-covid-19-falter-on-privacy-
worries-technology-gap-2020-07-09
 Data privacy laws like HIPAA, PIPDEA and EUGRP collide with contact tracing - https://www.reuters.com/article/bc-finreg-data-privacy-contact-
tracing/data-privacy-laws-collide-with-contact-tracing-efforts-privacy-is-prevailing-idUSKCN24M1NL
 There needs to be audits of the application on routine basis - https://priv.gc.ca/en/privacy-topics/health-genetic-and-other-body-
information/health-emergencies/rev_covid-app/ . All levels of government can automate the audit process through AI and Analytics -
https://www.slideshare.net/paulyoungcga/internal-audit-and-performance-base-auditing
MEDICAL SUPPLIES AND EQUIPMENT
 Companies continue to ramped up production of ventilators - https://www.globenewswire.com/news-
release/2020/07/22/2065727/0/en/191-Million-Worldwide-Ventilator-Test-Systems-Industry-to-2027-Impact-of-
COVID-19-on-the-Market.html
 Global Production - https://www.supplychainbrain.com/articles/31024-coronavirus-watch-governments-rush-to-
secure-ventilators
 Canada medical supplies and equipment
 https://www.tpsgc-pwgsc.gc.ca/comm/aic-scr/provisions-supplies-eng.html
 There needs to be an audit the readiness of medical supplies and equipment
 Liberals
 Masks production - https://torontosun.com/news/national/company-awarded-380m-in-contracts-but-fails-to-provide-masks-
blacklocks-reporter
 Ventilators - https://thepostmillennial.com/contract-awarded-to-former-liberal-mps-company-to-make-10-000-unapproved-
ventilators
JUSTIN TRUDEAU AND PANDEMIC MANAGEMENT
https://www.ctvnews.ca/health/coronavirus/the-fall-will-be-a-period-of-challenge-in-coronavirus-fight-canada-s-top-doctor-says-
1.5055678?taid=5f2e1fbcd7d51b0001834cab&utm_campaign=trueAnthem%3A+Trending+Content&utm_medium=trueAnthem&utm_sourc
e=twitter
When is @CPHO_Canada stepping down as Ms Tam is not up to any challenge when it comes to protecting the healthcare system?
1. Healthcare - https://www.slideshare.net/paulyoungcga/race-for-covid19-vaccines-and-treatments or
https://www.slideshare.net/paulyoungcga/reforming-healthcare
2. PPE Supply - https://news.ontario.ca/opo/en/2020/08/ontario-partners-with-federal-government-and-3m-canada-on-new-n95-respirator-
manufacturing-facility.html
3. People are still entering Canada from hot spots despite saying the border was closed -
https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=2410000301
4. Migrant program and disease management audit - https://www.thestar.com/business/2020/08/20/migrant-worker-
program-to-undergo-federal-audit-following-massive-covid-19-outbreaks-on-canadian-farms.html
5. Health Canada and drug issues - https://www.ottawamatters.com/national-news/talks-needed-on-decriminalizing-hard-drugs-to-address-
opioid-crisis-tam-says-2657216
DONALD TRUMP AND PANDEMIC
 Travel restrictions - https://www.bbc.com/news/world-us-canada-51846923
 Pandemic funding - https://home.treasury.gov/policy-issues/cares CARES act was held up by Nancy Pelosi -
https://www.foxnews.com/politics/mccarthy-blames-pelosi-wish-list-coronavirus-stimulus-bill
 State and local funding - https://www.mckinsey.com/industries/public-and-social-sector/our-insights/us-
coronavirus-relief-funds-a-guide-for-state-and-local-governments
 Assisted living - https://www.whitehouse.gov/briefings-statements/president-donald-j-trump-is-taking-
decisive-action-to-protect-vulnerable-citizens-in-americas-nursing-homes/
 Blood treatment - https://globalnews.ca/news/7293522/donald-trump-fda-deep-state-coronavirus-vaccine/
CDC / DEATHS
Source - https://local12.com/news/nation-world/cdc-94-of-covid-19-deaths-had-underlying-medical-conditions-coronavirus-centers-for-disease-control or
https://www.cdc.gov/nchs/nvss/vsrr/covid_weekly/index.htm?fbclid=IwAR3-wrg3tTKK5-9tOHPGAHWFVO3DfslkJ0KsDEPQpWmPbKtp6EsoVV2Qs1Q or
https://nbc25news.com/news/local/cdc-94-of-covid-19-deaths-had-underlying-medical-conditions
TRAINING AND DEVELOPMENT
 If you like to learn more
about trade and/or other
subjects as part of your
professional learning and
development then feel free
to review my material on
https://www.udemy.com/
(search Paul Young CPA
CGA)
 These subjects address how
to fixed issues with housing
and/or systemic issues
related to economy
including government
policies
SUMMARY
 There are many companies involved with research and development of
COVID19 vaccine -
https://www.scienceboard.net/index.aspx?sec=sup&sub=imm&pag=dis&ItemI
D=677
 Bill and Melinda Gates Foundation are playing a key role with funding and
manufacturing - https://www.geekwire.com/2020/gates-foundation-commits-
50m-covid-19-vaccine-initiative-total-funding-now-tops-300m/ (Funding is
now over $300M (USD)
 There are allot of startups involved. Various Canadian governments have been
funding VC companies related to biotech research
 There appears to be lack of progress reports on the state of affairs when it
comes to government money going to vaccinations R&D -
https://cmajnews.com/2020/05/20/coronavirus-1095847/
 There is allot of speculator investments going on with biotech companies as
part of reaping the rewards when vaccines go to market.
 Major pharma continues to work with government, institution, labs, Tech, etc.
https://www.bioworld.com/articles/435263-astrazeneca-moving-at-warp-
speed-with-12b-in-barda-funding-for-covid-19-vaccine
 Economy could see periods of slow growth for years -
https://www.slideshare.net/paulyoungcga/transforming-the-economy-
postcovid19-canada-and-the-world or
https://www.investmentexecutive.com/news/research-and-markets/covid-19-
to-reshape-economy-society-moodys/ or
https://www.slideshare.net/paulyoungcga/gdp-canada-may-2020

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Management of a Pandemic| Analysis and Commentary

  • 1. RACE TO COVID19 VACCINE AND TESTING PAUL YOUNG CPA CGA AUGUST 31, 2020
  • 2. PAUL YOUNG CPA CGA – BIO September 9, 2014 • CPA, CGA • Financial Solutions • SME – Risk Management • SME – Emerging Technology • SME – Business Process Change • SME – Close, Consolidate and Reporting • SME – Public Policy • SME – Financial Solutions • SME – Supply Chain Management Contact – Paul.Young@ca.ibm.com
  • 3. INTRODUCTION This presentation takes a look at what is happening with the COVID19 vaccine development.
  • 4. AGENDA  Pharma and Vaccines development  Key Companies  CANSINO BIOLOGICS INC.(6185)  Symvivio Corporation  Novovax  CureVac  Generex  Vaxart  Medicago  Takis  Altimmune  Testing  Testing Kits  Global Market / Testing  Effective Treatments  Antibodies  Mitigation  Contact Tracing  Medical Equipment and Supplies  Justin Trudeau Management  Donald Trump and Pandemic  CDC and Deaths  Summary
  • 5. MAJOR PLAYERS / VACCINES DEVELOPMENT
  • 7. CANSINO BIOLOGICS INC.(6185)  100% of the revenue is in China - https://www.marketscreener.com/CANSINO-BIOLOGICS-INC- 59318312/company/  The chair is McGill graduate. https://www.marketscreener.com/business- leaders/Xue-Feng-Yu-0DD2L9-E/biography/ Trudeau attended McGill and McGill has high Chinese enrolment - https://www.mcgill.ca/international/channels/news/mcgill-news-china- tops-international-enrolment-mcgill-first-time-291377  J&J and Casino have similar vaccine - https://www.reuters.com/article/health-coronavirus-vaccine/special- report-countries-companies-risk-billions-in-race-for-coronavirus- vaccine-idUSL2N2CF0JG. China is ahead of the curve. China weakness has always been with real facts.  https://www.fiercepharma.com/vaccines/china-s-cansino-pushes- coronavirus-vaccine-into-clinical-testing-as-moderna-doses-1st “The green light was doled out very quickly. It was only Tuesday when CanSino said it had filed the pre-IND review application for the vaccine to authorities and was in the process of a rolling submission of technical documents. CanSino’s candidate, dubbed Ad5-nCoV, uses its adenovirus- based viral vector vaccine platform. In 2017, the same technology helped the company earn a Chinese nod for its Ebola vaccine, which was the first Ebola shot approved anywhere based on the strain behind the deadly epidemic in West Africa in 2014.  Trial of COVID19 drug back by the Military - https://twitter.com/dockaurg/status/1262018934569664515  Last 10K filed was 2017 - https://fintel.io/filings/us/casbf  Only 2018 showed revenue
  • 8. SYMVIVIO CORPORATION  Early VC company working with Canadian government - https://pitchbook.com/profiles/company/185411-98#funding (Key investor - National Research Council Canada  https://www.dnb.com/business-directory/company- profiles.symvivo_corporation.31108ce6e17eb52f4e64c097dc36f2f7.html “Symvivo Corporation is in Burnaby, BC, Canada and is part of the Biotechnology Research Services Industry. Symvivo Corporation has 3 total employees across all of its locations and generates $580,698 in sales (USD).”  Small venture capital and pre-trials - https://www.trialsitenews.com/ubc- dalhousie-university-commence-study-of-the-bactrl-spike-vaccine-targeting- covid-19/ “According to one profile, the venture has raised $2 million from a local early state venture investor and $100K from a National Research Council. Founder Graves started the company, along with Mark Fox—a friend from undergrad—as he realized “he sucked” at research but desired to leverage his scientific degree in meaningful ways. Graves and Fox sought to develop a platform that could accelerate drug development by focusing on the discovery—developing patents for aspects of the drug delivery process that could be licensed to drug makers”
  • 9. NOVOVAX  A small group of scientists, execs, and VCs are $277 million richer as their companies race to create a coronavirus vaccine. Here are 7 who have raked in huge sums. - https://markets.businessinsider.com/news/stocks/coronavirus-drugmakers-moderna- gilead-novavax-stock-price-profit-millions-shareholders-2020-2-1028949761  Stock sales due to trials - https://www.bizjournals.com/washington/news/2020/05/20/novavax-prepares-stock- sale-as-covid-19-vaccine.html  https://finance.yahoo.com/news/novavax-nvax-stock-come-too-224659672.html “Vaccine specialist Novavax (NVAX) stepped up to the plate, and hit the ball out of the park yet again. Investors had already enjoyed some pretty hefty gains in 2020 before more positive developments sent the stock into the stratosphere. Last week, news that Novavax had received a $384 million grant from the Coalition for Epidemic Preparedness Innovations (CEPI) to support the development of its COVID-19 vaccine candidate, NVX-CoV2373, resulted in a 133% addition to the share price”  Coalition Preparedness https://cepi.net/about/whoweare/ - CEPI has secured financial investment from the Governments of Australia, Belgium, Canada, Denmark, Ethiopia, Finland, Germany, Japan, the Kingdom of Saudi Arabia, the Netherlands, Norway, the UK and Switzerland, as well as the Bill & Melinda Gates Foundation, and Wellcome. The European Commission provides substantial financial contributions to support relevant projects through its mechanisms. CEPI has also received donations from the private sector and individuals through the UN Foundation’s COVID-19 Solidarity Response Fund to support our COVID-19 vaccine development efforts.
  • 10. CUREVAC  As the race to develop a coronavirus vaccine intensifies, one player— German drugmaker CureVac—is backed by particularly deep pockets. CureVac, which is in the headlines amid rumors that the U.S. government offered funding to lure its research exclusively to America, counts one of Germany’s richest entrepreneurs, Mexican shopping mall tycoons and the Bill and Melinda Gates Foundation among its investors. https://www.forbes.com/sites/martaorosz/2020/03/16/these-are-the- billionaire-investors-behind-german-drugmakers-developing-a- coronavirus-vaccine/#78c83f841fb8  Regulators / Germany https://www.ft.com/content/7409dbae-6b4f- 4be0-ba75-46ed52e951ae  In the race to find a medical breakthrough to the pandemic, the startup, CureVac, said earlier this month that its proprietary technology has found suitable candidates that could lead to a treatment, and that it aims to start clinical trials in early summer. CureVac has received funding from the Bill & Melinda Gates Foundation. - https://fortune.com/2020/03/16/coronavirus-cure- trump-businesses-biotech/
  • 11. GENEREX  Manufacturing of peptide - https://www.globenewswire.com/news- release/2020/05/04/2026744/0/en/Generex-Biotechnology- Initiates-Peptide-Manufacturing-for-Ii-Key-SARS-CoV-2-Peptide- Vaccine-Against-the-COVID-19-Pandemic.html  Stock/Generex- https://www.fool.com/investing/2020/05/17/is- buying-a-basket-loaded-with-every-coronavirus-v.aspx “BIO, the biggest trade group representing the biotechnology industry, currently lists 28 companies that are actively involved in developing COVID-19 vaccines. Here are the 21 of those drugmakers that are publicly traded:”
  • 12. VAXART  SOUTH SAN FRANCISCO, Calif., May 20, 2020 (GLOBE NEWSWIRE) -- Vaxart, Inc. (“Vaxart” or the “Company”) (NASDAQ: VXRT), a clinical- stage biotechnology company developing oral recombinant vaccines that are administered by tablet rather than by injection, today announced that it has selected its lead COVID-19 vaccine candidate and has contracted with KindredBio to manufacture bulk vaccine under cGMP to complement the manufacturing capacity of partner Emergent BioSolutions https://www.globenewswire.com/news- release/2020/05/20/2036357/0/en/Vaxart-Announces-Selection-of- its-Oral-COVID-19-Vaccine-Lead-Candidate.html  Funding issues - https://seekingalpha.com/article/4334623-vaxarts- coronavirus-stock-bump-is-unlikely-to-continue-exit-now-be-long  Cash on hand - https://www.fool.com/investing/2020/04/28/why- vaxart-stock-slumped-today.aspx  Partnerships - https://observer.com/2020/05/covid-19-vaccine- moderna-results-new-progress/
  • 13. MEDICAGO  Quebec Funding - https://www.canadianmanufacturing.com/research-and- development/government-of-quebec-providing-7m-to- medicagos-covid-19-vaccine-development-249412/  Animal Trials - https://www.sttinfo.fi/tiedote/medicago- announces-positive-results-in-animal-trials-for-its-vaccine- candidate-against-covid- 19?publisherId=58763726&releaseId=69881188  Collaborative project of more than $1.2 million using artificial intelligence to optimize the production of vaccines, announced by CQDM and Medicago R&D - https://www.newswire.ca/news- releases/collaborative-project-of-more-than-1-2-million-using- artificial-intelligence-to-optimize-the-production-of-vaccines- announced-by-cqdm-and-medicago-r-amp-d-859733879.html
  • 14. TAKIS  “TAKIS SRL is located in ROMA, ROMA, Italy and is part of the Scientific Research & Development Services Industry. TAKIS SRL has 15 employees at this location and generates $1.78 million in sales (USD). There are 4 companies in the TAKIS SRL corporate family. https://www.dnb.com/business-directory/company- profiles.takis_srl.1084976c4f88cf6ddd4089044968c511.html  Startup - https://www.forbes.com/sites/giacomotognini/2020/04/21/inside -the-tiny-italian-biotech-startup-racing-to-develop-a- coronavirus-vaccine/#b686e172c106  Funding - https://finance.yahoo.com/news/applied-dna-takis- biotech-announce-070000273.html
  • 15. UPDATE – VACCINES / DEVELOPMENT Source - “” https://www.healthline.com/healt h-news/heres-exactly-where- were-at-with-vaccines-and- treatments-for-covid-19
  • 16. VACCINES DEVELOPMENT  GSK - https://indianexpress.com/article/coronavirus/coronavirus-covid-19-vaccine-glaxosmithkline-oxford- astrazeneca-moderna-clover-status-check-6469474/  Vaccine Tracker - https://www.nytimes.com/interactive/2020/science/coronavirus-vaccine-tracker.html  Gavi organization funding from sources like Bill Gates and world governments - https://www.biopharma- reporter.com/Article/2020/06/17/Gavi-receives-billions-in-funding  Gates and Inovio - https://www.newsbreak.com/missouri/kansas-city/news/0OfXdfSR/a-potential-coronavirus- vaccine-funded-by-bill-gates-is-set-to-begin-testing-in-people-with-the-first-patient-expected-to-get-it- today
  • 17. ALTIMUNE  “Shares of Altimmune (ALT) - Get Report soared Thursday after the clinical-stage biopharmaceutical company announced the next step in development of its coronavirus vaccine AdCovid. “In collaboration with the University of Alabama at Birmingham, we have commenced preclinical testing of candidates for our Covid- 19 vaccine, AdCovid,” the company said in a statement. https://www.thestreet.com/investing/altimmune-coronavirus- vaccine-preclinical-trial  Former Pfizer board director appointed to Altimmune - https://www.reuters.com/companies/ALT.OQ
  • 18. TESTING  COVID19 – Testing “It uses a simple assay containing plasmonic gold nanoparticles to detect a color change when the virus is present. The test does not require the use of any advanced laboratory techniques, such as those commonly used to amplify DNA, for analysis. The authors published their work last week in the American Chemical Society’s nanotechnology journal ACS Nano. "Based on our preliminary results, we believe this promising new test may detect RNA material from the virus as early as the first day of infection. Additional studies are needed, however, to confirm whether this is indeed the case,” said study leader Dipanjan Pan, PhD, professor of diagnostic radiology and nuclear medicine and pediatrics at UMSOM.” https://www.umaryland.edu/news/archived-news/may-2020/covid-19- results-in-10-minutes-umb-studies-rapid-test.php or https://www.nextbigfuture.com/2020/05/ten-minute-covid-19- detection-test-using- nanoparticles.html?utm_source=feedburner&utm_medium=feed&utm_ campaign=Feed%3A+blogspot%2Fadvancednano+%28nextbigfuture% 29
  • 19. TESTING KITS Source - https://www.medtechdive.com/news/coronavirus-tests-home-collection-quest-diagnostics- letsgetchecked/578837/ The cost is $129 per kit!
  • 20. GLOBAL MARKET / TESTING Source - https://www.globenewswire.com/news-release/2020/06/01/2041269/0/en/Global-COVID-19-diagnostic-testing-market-to-amass-USD-44481-8-million-in-2020.html • Additional costs to already strapped healthcare system • Private insurance companies and their coverage in terms of their testing. This could mean a rise in premiums • Consumers could be out of pocket about $129 per test.
  • 22. ANTIBODIES  “Much remains to be learnt about the immunological responses to SARS-CoV-2. Nevertheless, it is becoming clear that antibodies taken from the blood serum of people who have recovered from COVID-19 can be used for treatment by being transfused into other people who have the disease”Source - https://www.nature.com/articles/d41586-020-01816-5  Disappearance of antibodies 2-3 months - https://www.medscape.com/viewarticle/932671  “Those who did not have a bad case of COVID-19 lose antibodies faster. Forty percent of asymptomatic individuals became seronegative and 12.9% of the symptomatic group became negative for IgG in the early convalescent phase. In addition, asymptomatic individuals exhibited lower levels of 18 pro- and anti-inflammatory cytokines. These data suggest that asymptomatic individuals had a weaker immune response to SARS- CoV-2 infection.mThe research, published in Nature Medicine on June 18, highlights the risks of using COVID-19 ‘immunity passports’ and supports the prolonged use of public health interventions such as social distancing and isolating high-risk groups This seems to indicate that our better bet is t-cell-related therapies and vaccines and hygiene and social distancing.  Avoid getting together with larger groups  Stay 6-10 ten feet apart if at all possible  clean your hands every hour  Source - https://www.nextbigfuture.com/2020/06/coronavirus-antibody-immunity-fades-by-70-within-2-3- months.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+blogspot%2Fadvancednano+%28nextbigfuture%29
  • 23. GENE RESEARCH  Genome sequencing - https://globalnews.ca/news/7072424/alberta-researchers-genome-sequence-covid-19/  AI and Genome sequencing - http://www.genomequebec.com/486-en/news-covid-19-unprecedented- research-combining-genomics-and-artificial-intelligenceicial-intelligence/  Blood type and genome - https://directorsblog.nih.gov/2020/06/18/genes-blood-type-tied-to-covid-19-risk- of-severe-disease/
  • 24. MITIGATION  Shutting down an economy should be last resort  Private sector is driven by cash flow.  The focus should be on infrastructure, getting goods to market, supply chain, advance technology and reforming of government - https://www.slideshare.net/paulyoungcga/canada-gdp-and-economy-truth-and-what-needs-to-change  All levels of government should review their pandemic responses to ensure they have updated their playbook  Annual audits of risk and crisis management should be completed each year - https://www.slideshare.net/paulyoungcga/the-role-of-operational-and- performancebased-auditing-on-government-and-the-private-sector  WHO needs to provide reports on virus threats including what needs to be done to mitigate the spread  https://www.slideshare.net/paulyoungcga/crisis-management-how-best-to-managed-a-crisis  More coordination by the WHO with all government including monthly status calls around threats  Reporting should also be provided on the threats including performance audits of various WHO programs  Mitigating the spread is to ensure healthcare is provided with the necessary equipment - https://www.cdc.gov/coronavirus/2019-ncov/hcp/ppe-strategy/index.html  Sterilization methods of equipment and masks - https://www.inthehammer.com/hamilton-firms-technology-addresses-covid- waste-and-ppe-shortage  Protecting the most vulnerable  Screening at hospitals and long-term care facilities  Restricting the movement of staff between facilities
  • 25. UPDATE – JUNE 23, 2020 TO JULY 1, 2O20  State of affairs with COVID19 - https://www.healthline.com/health-news/heres-exactly-where-were-at-with-vaccines- and-treatments-for-covid-19  Line is forming for the vaccine - https://www.sciencemag.org/news/2020/06/line-forming-covid-19-vaccine-who- should-be-front  You cannot shut down the economy, but all levels of government including the private sector need to take mitigating steps - https://www.slideshare.net/paulyoungcga/transforming-the-economy-postcovid19-canada-and-the-world  China is using the pandemic to make changes with laws for Hong Kong - https://www.cnn.com/2020/07/01/asia/hong-kong-national-security-law-intl-hnk/index.html  USA buys up key drug - https://globalnews.ca/news/7127951/us-remdesivir-supply-coronavirus/  Antibody treatment - https://www.cnn.com/2020/06/26/health/antibody-therapies-covid-19-update- wellness/index.html
  • 26. VACCINES, HEALTH AND SAFETY AND TESTING UPDATE  USA clinical trials - https://globalnews.ca/news/7178006/us-coronavirus-vaccine-testing/  Human trials in Quebec - https://www.cbc.ca/news/health/human-trials-covid-19-vaccine-candidate-quebec-1.5648648  World and treatment of COVID19 - https://www.healthline.com/health-news/heres-exactly-where-were-at-with-vaccines-and- treatments-for-covid-19#Antivirals  Vaccines Trials - https://www.nytimes.com/interactive/2020/science/coronavirus-vaccine-tracker.html  Mobile testing kits - https://www.thestar.com/business/2020/07/09/guelph-companys-mobile-covid-19-test-kit-hits-market-and- heads-for-norther-ontario.html  Workplace measures - https://www.ontario.ca/page/develop-your-covid-19-workplace-safety-plan or http://www.worksafesask.ca/covid-19/conducting-a-hazard-assessment-and-developing-a-safety-plan/  Mobile workers - https://www.carsondesign.com/2017/12/designing-your-office-space-for-the-mobile-workforce/  Vaccines trials - https://www.nytimes.com/interactive/2020/science/coronavirus-vaccine-tracker.html or https://newsinteractives.cbc.ca/coronavirusvaccinetracker/  Government of Canada order doses - https://www.ctvnews.ca/canada/feds-order-supplies-to-give-two-doses-of-covid-19-vaccine- when-it-s-ready-1.5029530  Status of treatments and Vaccines – August 16, 2020 - https://www.healthline.com/health-news/heres-exactly-where-were-at-with- vaccines-and-treatments-for-covid-19#Vaccines  Treatments - https://catsroundtable.com/yale-prof-harvey-risch-hydroxychloroquine-hcq-covid-19/ 
  • 27. CONTACT TRACING  Development of contact tracing- “Contact tracing is the public health practice of informing people when they've been exposed to a contagious disease. As it has become more widely employed across the U.S., it has also become mired in modern political polarization and conspiracy theories.” - https://www.npr.org/sections/health- shots/2020/07/14/890628203/conspiracy-theories-aside-heres-what-contact-tracers-really-do  Privacy issues with contact tracing  One of the biggest challenges, experts told a congressional panel this week, is dispelling the unease people feel about the government or private companies gaining access to their personal data - https://www.marketwatch.com/story/us-contract-tracing-efforts-on-covid-19-falter-on-privacy- worries-technology-gap-2020-07-09  Data privacy laws like HIPAA, PIPDEA and EUGRP collide with contact tracing - https://www.reuters.com/article/bc-finreg-data-privacy-contact- tracing/data-privacy-laws-collide-with-contact-tracing-efforts-privacy-is-prevailing-idUSKCN24M1NL  There needs to be audits of the application on routine basis - https://priv.gc.ca/en/privacy-topics/health-genetic-and-other-body- information/health-emergencies/rev_covid-app/ . All levels of government can automate the audit process through AI and Analytics - https://www.slideshare.net/paulyoungcga/internal-audit-and-performance-base-auditing
  • 28. MEDICAL SUPPLIES AND EQUIPMENT  Companies continue to ramped up production of ventilators - https://www.globenewswire.com/news- release/2020/07/22/2065727/0/en/191-Million-Worldwide-Ventilator-Test-Systems-Industry-to-2027-Impact-of- COVID-19-on-the-Market.html  Global Production - https://www.supplychainbrain.com/articles/31024-coronavirus-watch-governments-rush-to- secure-ventilators  Canada medical supplies and equipment  https://www.tpsgc-pwgsc.gc.ca/comm/aic-scr/provisions-supplies-eng.html  There needs to be an audit the readiness of medical supplies and equipment  Liberals  Masks production - https://torontosun.com/news/national/company-awarded-380m-in-contracts-but-fails-to-provide-masks- blacklocks-reporter  Ventilators - https://thepostmillennial.com/contract-awarded-to-former-liberal-mps-company-to-make-10-000-unapproved- ventilators
  • 29. JUSTIN TRUDEAU AND PANDEMIC MANAGEMENT https://www.ctvnews.ca/health/coronavirus/the-fall-will-be-a-period-of-challenge-in-coronavirus-fight-canada-s-top-doctor-says- 1.5055678?taid=5f2e1fbcd7d51b0001834cab&utm_campaign=trueAnthem%3A+Trending+Content&utm_medium=trueAnthem&utm_sourc e=twitter When is @CPHO_Canada stepping down as Ms Tam is not up to any challenge when it comes to protecting the healthcare system? 1. Healthcare - https://www.slideshare.net/paulyoungcga/race-for-covid19-vaccines-and-treatments or https://www.slideshare.net/paulyoungcga/reforming-healthcare 2. PPE Supply - https://news.ontario.ca/opo/en/2020/08/ontario-partners-with-federal-government-and-3m-canada-on-new-n95-respirator- manufacturing-facility.html 3. People are still entering Canada from hot spots despite saying the border was closed - https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=2410000301 4. Migrant program and disease management audit - https://www.thestar.com/business/2020/08/20/migrant-worker- program-to-undergo-federal-audit-following-massive-covid-19-outbreaks-on-canadian-farms.html 5. Health Canada and drug issues - https://www.ottawamatters.com/national-news/talks-needed-on-decriminalizing-hard-drugs-to-address- opioid-crisis-tam-says-2657216
  • 30. DONALD TRUMP AND PANDEMIC  Travel restrictions - https://www.bbc.com/news/world-us-canada-51846923  Pandemic funding - https://home.treasury.gov/policy-issues/cares CARES act was held up by Nancy Pelosi - https://www.foxnews.com/politics/mccarthy-blames-pelosi-wish-list-coronavirus-stimulus-bill  State and local funding - https://www.mckinsey.com/industries/public-and-social-sector/our-insights/us- coronavirus-relief-funds-a-guide-for-state-and-local-governments  Assisted living - https://www.whitehouse.gov/briefings-statements/president-donald-j-trump-is-taking- decisive-action-to-protect-vulnerable-citizens-in-americas-nursing-homes/  Blood treatment - https://globalnews.ca/news/7293522/donald-trump-fda-deep-state-coronavirus-vaccine/
  • 31. CDC / DEATHS Source - https://local12.com/news/nation-world/cdc-94-of-covid-19-deaths-had-underlying-medical-conditions-coronavirus-centers-for-disease-control or https://www.cdc.gov/nchs/nvss/vsrr/covid_weekly/index.htm?fbclid=IwAR3-wrg3tTKK5-9tOHPGAHWFVO3DfslkJ0KsDEPQpWmPbKtp6EsoVV2Qs1Q or https://nbc25news.com/news/local/cdc-94-of-covid-19-deaths-had-underlying-medical-conditions
  • 32. TRAINING AND DEVELOPMENT  If you like to learn more about trade and/or other subjects as part of your professional learning and development then feel free to review my material on https://www.udemy.com/ (search Paul Young CPA CGA)  These subjects address how to fixed issues with housing and/or systemic issues related to economy including government policies
  • 33. SUMMARY  There are many companies involved with research and development of COVID19 vaccine - https://www.scienceboard.net/index.aspx?sec=sup&sub=imm&pag=dis&ItemI D=677  Bill and Melinda Gates Foundation are playing a key role with funding and manufacturing - https://www.geekwire.com/2020/gates-foundation-commits- 50m-covid-19-vaccine-initiative-total-funding-now-tops-300m/ (Funding is now over $300M (USD)  There are allot of startups involved. Various Canadian governments have been funding VC companies related to biotech research  There appears to be lack of progress reports on the state of affairs when it comes to government money going to vaccinations R&D - https://cmajnews.com/2020/05/20/coronavirus-1095847/  There is allot of speculator investments going on with biotech companies as part of reaping the rewards when vaccines go to market.  Major pharma continues to work with government, institution, labs, Tech, etc. https://www.bioworld.com/articles/435263-astrazeneca-moving-at-warp- speed-with-12b-in-barda-funding-for-covid-19-vaccine  Economy could see periods of slow growth for years - https://www.slideshare.net/paulyoungcga/transforming-the-economy- postcovid19-canada-and-the-world or https://www.investmentexecutive.com/news/research-and-markets/covid-19- to-reshape-economy-society-moodys/ or https://www.slideshare.net/paulyoungcga/gdp-canada-may-2020

Editor's Notes

  1. Source - https://www.raps.org/news-and-articles/news-articles/2020/3/covid-19-vaccine-tracker
  2. Moderna - https://investors.modernatx.com/financial-information/sec-filings and https://finance.yahoo.com/quote/MRNA/key-statistics/
  3. Source - https://www.theepochtimes.com/hydroxychloroquine-study-corrected-after-more-than-100-scientists-question-findings_3371001.html or https://www.marketwatch.com/press-release/hydroxychloroquine-market-2020-global-trends-growth-size-opportunities-regional-overview-leading-company-analysis-and-key-country-forecast-to-2026-2020-06-01?tesla=y or https://www.newindianexpress.com/states/karnataka/2020/apr/08/pharma-firms-await-ingredient-from-china-to-make-sought-after-drug-hcq-2127181.html