Post-COVID 19: Leverage 10 New Business Trends & Financial Incentives

There’s little doubt that COVID-19 has rapidly disrupted the way that small, medium and even large businesses conduct their affairs. But, like all crises and disruptions, there is never a better opportunity for moving quickly and making a profit. It is a fact that more millionaires are made in recessions than in times of ease. 

And the world was shifting to work from home (‘WFM’) before COVID hit. A survey from Global Workplace Analytics found 56% of the US tech workforce (75 million employees) have a job description perfectly compatible with remote work.

With that said, the following are 10 new business trends that can be capitalized upon. Just because things are being done differently and there is a period of disruption, does not mean that it is a complete disruptive process. Significantly, faster and more adaptive companies have been able to thrive amidst COVID, while slower organizations are suffering heavily. The following are just some of the benefits to be availed of.

Table of Contents [show]

Post-COVID 19: Leverage 10 New Business Trends

#1 – Reduced Rent

Working from home has a myriad of benefits, for both business owners and employees. Some of these will be outlined in more detail below. But, reduced rental costs are major. One of the biggest problems for all kinds of businesses is rent in urban locations. It is especially relevant for corporate outfits renting office space, which has a massive price tag. Imagine being able to completely cut all your rental costs.

Most business owners simply don’t see this. Yes, there is the issue of existing leases, but allowances have been made in the US for this, and financial help is also available. Rent is a major cost – use the funds saved from rent to foster an intimate relationship with employees who no longer meet face to face. Of course, this does apply so much with a services company such as a restaurant that needs a physical presence. But it will work for digital and certain other models.

#2 – Reduction Of Associated Costs

While rent is one of the major benefits, there are a plethora of associated costs that are also vastly reduced. If you are no longer using office space, then there is no need to pay for insurance on the premises, and no chance of having to shell out for an injury. You also have zero utilities to pay.

The cost of hiring and onboarding staff has further been drastically reduced. This is due to the fact that no longer are physical interviews possible, so more of the process will be online and automated. HR and recruitment is a very expensive process. But without a physical presence, there is less need for an HR team to settle disputes and organize activities (though HR is still certainly needed in some capacity in medium to large business models)

#3 – Mental Health As A Priority

COVID-19 has brought mental awareness to the forefront of employers and employees. This is an interesting point as it kind of works both ways. Many workers seem to experience feelings of isolation when working from home.

Their routine has been upset, and it is incredibly difficult to adapt. There are many more temptations, and it is so easy to simply leave the desk with nobody knowing, or have one too many snacks from the fridge! Many studies and prominent psychologists have alluded to mental health risks.

The fact is that people are stressed about getting the virus. According to Reuters, many COVID-19 survivors are likely to be at greater risk of developing mental illness, after a large study found 20% of those infected with the coronavirus are diagnosed with a psychiatric disorder within 90 days. Anxiety, insomnia, and depression are common.

Mental health is a vital aspect of worker productivity. And much of the existing mental health issues simply went unaddressed in the pre-covid era. However, it’s also worth mentioning that a significant proportion of workers are extremely positive about working from home and are adapting quite well, with significant mental benefits. They don’t have to commute from work, and they have more freedom around the home to do as they wish.

 #4 – Faster Implementations

Due to COVID-19, many organizations rolled out initiatives very quickly due to the need for speed. Because of the crisis, business executives are overseeing a wide shift in how organizations work, spanning tactical adjustments in areas such as meeting structure and cadence, and day-to-day management, as well as enterprise-wide changes in leadership and talent management, use of technology, and innovation. In most industries, 50% of more of the leaders surveyed are considering or planning large-scale changes in various sectors. Leaders are making many of these changes swiftly by necessity.

As one surveyed healthcare leader explained –  “We were able to deploy an enterprise-wide virtual care solution in a matter of weeks, because that is all we had. This rollout had been planned for over a year, prior to this.”

Many organizations realize the value of speed during these times of flux and uncertainty. Surveyed leaders most often cite the need to react more quickly to market changes as the reason why organizations have made changes during the pandemic. This need is reported significantly more often than factors such as the need to reduce costs, increase productivity, or engage more effectively with customers. If you want to take advantage of COVID, then you need to act quickly and with precision. This is an area where a business owner can make great gains.

#5 – Leveraging Technology

For decades people have been hyping up technology. But it works and has transformed the world. With the onslaught of COVID, technology is needed more than ever. People are communicating via messaging and video applications and need virtualized areas to collaborate. Security is going to get more sophisticated, with retina and fingerprint scanners to verify entry to workspaces. 

Technology can improve on speed and decision making, 2 pivotal components of any business enterprise. Many leaders view the pace of decision making as a priority for improvement, likely because many organizations find it harder to choose a path forward than to follow that path.

Communication and collaboration are 2 key areas that business leaders highlight when talking about technology. The speed at which accurate data is transferred is key. And to do this, there also has to be a clear chain of command where everybody knows their position. Superior technology can help from onboarding to payroll to learning to project execution.

#6 – Less Red Tape And Bureaucracy

With systems and management get established in a business, it’s hard to think of doing things differently. But many of these systems (and even certain staff) are surplus to requirements and make things even more difficult. In many instances, it is not the execution that is the problem. It is actually getting the sign-offs for disparate managers, all of whom have their own opinions about things. The end result is unnecessary delays.

Many business owners are finding that they operate just as efficiently, if not more so when the workers are given free rein to complete tasks on their own with only a light veneer of guidance. This runs counter to the management ethos that unless the workers are carefully managed, they will not get the work completed. A primary advantage of COVID is that it highlights what is truly necessary for a business and what was there simply nobody believed it was unnecessary before.

#7 – Sustainable Development

COVID-19 has woken the population up to the fact that sustainable development is necessary for the global economy to thrive. Sustainable development can take many forms, including:

  • Financial sustainability
  • Environmental sustainability
  • Social sustainability

How can a business owner take advantage of ‘sustainability’? There is a huge market for organic or fair products, perceived as those that have long-term value and a transparent ethos. Clients and investors do not put up with shady businesses any longer. They consider the social and wider consequences of where they put their money. This trend has been reflected in the socially responsible investing phenomenon and the emphasis on green products in recent months. The trend is only going to continue year on year.

#8 – Education and Upskilling

Never before has there been such a radical shift in the global economy at such a rapid pace. As a result, large segments of the workforce need to upskill and reeducate themselves. May college students find themselves in a terrible environment for their courses, and because change is coming so rapidly, it is just not possible to accurately predict what skills are most relevant.

But there is a definite upside to this. Some skills are definitely in-demand, such as mobile app development, AI, automation tools, supply chain management, consultancy businesses, and far more. It is the prime opportunity to pivot an existing business to make it more profitable. 

Pivoting refers to the art of changing your core business model to adapt to current circumstances. A Startup Genome study demonstrated that businesses that pivoted once or twice enjoyed far more success than those who stuck to their guns for the long-term. You and your employees can benefit from either upskilling or ‘pivoting’ to a new model entirely.

#9 – New Productivity Mechanisms

The fact is that COVID-19 has actually accelerated both employee productivity and employee satisfaction levels. The majority of independent studies are reporting this, and it goes against many employer fears of a lazy and complacent workforce. The reasons for this are unknown, but possibly in line with the fact that workers do better when they have the time and space to get the job done. 

They are also more free to do things that make them more productive and motivated, whether that is a walk in the park, a 9 AM yoga session to start the day, or simply a coffee in a local cafe. Business owners can trust their employees to work without breathing down their necks. And the need for managers might actually be reduced in a collaborative environment where workers are independent with only light-touch management.

It’s also a major benefit that employees do not have to commute an hour to and from work. This is precious mental bandwidth that can increase their productivity levels.

#10 – Direct Entrepreneurial Expansion

You can take advantage of COVID-19 in a variety of different ways. Consider the various business opportunities – hand sanitizers, masks, door deliveries, mental health, remove services, shared office spaces, the list goes on and on.

Fast-acting entrepreneurs are having a field day with all of the opportunities. Particularly, small business owners who opted for restaurant delivery fared quite well, though this option was not taken up by every outlet.

There are still many opportunities for expansion in the post covid era. Supply chains are operating differently, consumer preferences are changing, and there are multiple opportunities in niche industries including VR, AI, renewable energy, supply chain management, and far more.

Tech companies are still incredibly lucrative, according to a Startup Genome Study, with impressive job multipliers and innovations that can have incredible benefits to the wider economy. In contrast to entrepreneurs, business executives have a slightly different focus. When surveyed, business executives primarily placed an emphasis on 3 key areas:

  1. Making good decisions more quickly.
  2. Improving communication and collaboration.
  3. Making greater use of technology.

The Importance of Speed

Speed is of the essence when it comes to pandemics like COVID, where the fastest acting businesses reap the rewards. As things start to solidify, it is design, patience, planning, and longer-term foresight.

There are also many ways you can directly take advantage of COVID with financial incentives. These financial incentives are outlined below. Note that some of them, such as the Paycheck Protection Program, are no longer available. Read more…

Daniel Lewis
Daniel Lewis is an MBA accredited investment professional who wants to assist small business owners to gain access to finance. After going through many channels for funding, Lewis has found that getting the first loan right is vitally important for future success.
.
.

Relevant sites that have important financial disclosures in relation to COVID include:

Summary of Financial Relief Strategies

As a small business order, make sure that you run through all of these financial tools, preferably in the order they are written below.

  1. SBA Paycheck Protection Program (‘PPP’)
  2. SBA Economic Injury Disaster Program (‘EIDL’)
  3. SBA Express Bridge Loan
  4. SBA Debt Relief
  5. Online Lending Options
  6. SBA Micro Loans
  7. Business Interruption Insurance
  8. Other Forms of Relief (Mortgage, Lease, Unemployment Benefits, Family, Friends).

Also keep an eye out for the Pandemic Unemployment Assistance program, which is aimed specifically to help out independent contractors and small business owners who do not qualify under the existing infrastructure. The program is not operational at the time of this writing, so check in periodically through this site.

 

The Bright Side Of Covid-19: Seven Opportunities Of The Current Pandemic

The coronavirus pandemic has a lot of dark sides. Around the world, people get ill and die, schools close, the healthcare system is overloaded, employees lose their jobs, companies face bankruptcy, stock markets collapse and countries have to spend billions on bailouts and medical aid. And for everyone, whether directly hurt or not, Covid-19 is a huge stressor shaking up our psyche, triggering our fears and uncertainties.

No matter how serious and sad all of this is, there are upsides as well. Therefore, along the Monty Python song “Always look on the bright side of life” let’s not forget those and make the best of what the crisis gives us. As the good old SWOT analysis tells us, there are not only threats, but also opportunities. With opportunities I don’t mean that the crisis provides extra business for companies like Zoom and Go to Webinar that enable virtual meetings, or for Amazon, which is planning to hire another 100,000 employees. The latter is probably more a threat than an opportunity for most, especially for the mom & pop stores that go through difficult times already.

With opportunities I mean general opportunities that are available for most people affected by the crisis. The current crisis offers at least seven of them:

Opportunity 1: More time

In today’s overheated economy time is often seen as the most valuable and sparse thing we have. Covid-19 shows why: because we have stacked our week with social gatherings and entertainment such as going to the theater, birthdays, cinema, restaurant, bar, sportclub, gym, music, festivals, concerts and what is more. Suddenly, all of that is cancelled or forbidden, giving us significant amounts of extra time. And still, live goes on. This shows us how easy it is to clear our calendars. Obviously this doesn’t apply to the health-care sector and other crucial sectors, but beyond those it applies to a large majority of sectors.

PROMOTED Deloitte BrandVoice | Paid Program Will 2021 Be The Year To Align Globally On Sustainability Reporting? UNICEF USA BrandVoice | Paid Program UNICEF USA Celebrates The Passage Of The Global Child Thrive Act Civic Nation BrandVoice | Paid Program The Best Job In The World

The opportunity is that we can spend this time on other things—or even better, on nothing and enjoy the free time. Looking at the crowded parks, waste collection points, garden centres and DIY stores in the last week, many people seem to have a hard time with the latter. Instead of enjoying the extra free time, they fill it immediately with other activities. To seize this first opportunity though, re-arranging how you spend your time and reserving time for nothingness is key. Not just during the crisis, but also after it. The advices in my previous article on the Covid-19 crisis could help in realizing this.

Opportunity 2: Reflect and reconsider

The fact that the coronavirus disrupts our day-t0-day lives provides an opportunity to reflect on things and to reconsider what we do, how we do it and why we do it. Things we took for granted—like going to the gym—are suddenly not possible anymore. Furthermore, many people have had to change their mode of working and work from home instead of at the office. This means that a lot of our routines are interrupted. MORE FOR YOUWhy KPIs Don’t Work; And How To Fix ThemHow Cisco Takes Care Of Its EmployeesWhat Business Leaders Can Learn From The Special Forces

This offers a great opportunity to rethink our habits and routines and make changes. Now that you haven’t been able to go to the restaurant twice a week, commute 2 hours per day, hang out with your friends or go to a party every weekend, you can reflect on whether you really want to continue doing so after the crisis. The virus forces you to make changes to your daily life that you might actually want to keep also after the crisis.

Opportunity 3: Speed and innovation

Many organizations suffer from slow procedures, complex bureaucracies and rigid hierarchies making organizational life less than pleasant. The coronavirus has forced many of them to break through these rigid systems and act instantly. Suddenly procedures can be skipped or accelerated, rules can be side-tracked and decisions can be made more autonomously without formal approval. And suddenly employees are allowed to work from home without direct supervision.

Covid-19 shows that, as soon as there is a strong enough stimulus, things can change. This leads to remarkable innovations. Not being allowed to open their doors, restaurants, for example, are shifting to delivery mode. And schools suddenly do much of the teaching and even some of the testing online. This brings the opportunity to create innovations now that can be maintained after the crisis. And it also can help to keep the current speed and innovation mode afterwards.

Opportunity 4: Better meetings

As referred to in an earlier article, people spend up to 23 hours per week in meetings, half of which are considered a failure or waste of time. The current crisis has forced us to rethink how we deal with meetings. Because in many countries it is not allowed anymore to meet with a group of persons, many meetings are cancelled. And when they still take place they are mostly virtual and shorter.

As such, it provides an excellent opportunity for resolving one of the most disliked parts of organizational life. The technology for this is already present and mature for a couple of years, but the coronavirus triggers a sudden need for it. The real opportunity here is to make systematic changes so that meetings will be more effective, also after the crisis.

Opportunity 5: Reconnect and help

Challenging times offer a great opportunity for social bonding and other ways of connecting to and helping people. Of course, not being able to visit friends or family has increased isolation and feelings of loneliness in some cases. But the feeling of “we’re in this together” has also triggered interesting ways of connecting. Some of those have gone viral—such as Italians singing together from their windows and balconies—but there are many small, local initiatives too to connect and help people who need it.

In the individualized societies many of us live in, this provides opportunities to reconnect and create more social coherence. Not only during the crisis, but also afterwards. This opportunity comes with a big caveat though. Parallel to these nice initiatives we also witness how far people go to protect themselves and their families. People hoard food, medicine, toilet paper and guns without thinking a second of others. However, while it triggers self-serving egocentric behavior too, the Covid-19 crisis does provide us the opportunity to reconnect and show our social side.

Opportunity 6: Cleaner environment

The virus caused a shutdown or dramatical decrease of industrial activities. Factories are closed or operate far below their capacity, road traffic has reduced radically and air traffic collapsed, and the lack of tourism has emptied the streets in overcrowded cities like Venice, Amsterdam and New York. While this may be bad news for most people and especially those working in the affected industries, this is also good news for our planet. Covid-19 causes a significant reduction in green house gasses and other air, water and land polluting outputs. In Venice this has allegedly led to dolphins return after just a couple of weeks (although some argued this to be a hoax).

Whether the particular example is a hoax or not is not so relevant. The fact is that the shutdown and lockdown of large parts of our economy is good for nature—at least on the short term. The opportunity this provides, is to keep parts of this in place also after the crisis to make long-term improvements. Along the line of the previous opportunities, the current crisis provides us an opportunity to reconsider our lives and reorganize it in a way that has less impact on our planet.

Opportunity 7: Modesty and acceptance

The final opportunity that the Covid-19 crisis offers, is a chance to create awareness for the moderate role we play on this planet and accept that things cannot always go as we want them to go. The Covid-19 pandemic is a global crisis chat is unprecedented in modern peace time. We had other pandemics like SARS, but their impact was less substantial. And we had the 1973 oil crisis, but that was a man-made crisis. The coronavirus is not man-made and yet disrupts lives across the planet.

As such, the virus shows us that, no matter how well-planned and organized we are and no matter how much we live in the Anthropocene—the era characterized by significant human impact—we are not in control. One simple virus is disrupting everything. This offers a great opportunity. In almost every aspect of life we want to be in control. Whether it is health, airline safety or our calendars, we live in the illusion that full control is possible. The virus can help us create awareness that this is not the case. It provides an opportunity to take a more modest role and accept that many things are simply beyond our control.

Once again, the Covid-19 crisis has a large dark side. But as these seven opportunities show, it has positive sides as well. Since all seven opportunities require a quite fundamental change in how we approach the world, seizing them can take substantial time. In that sense, and if we keep on looking at the brighter sides of life, the longer the crisis lasts, the larger the opportunities are and the bigger the chances are of actually making changes to our deeply rooted habits and convictions. Follow me on Twitter or LinkedIn. Check out my website or some of my other work here.

Jeroen Kraaijenbrink

 Jeroen Kraaijenbrink

I help companies do strategy through training, mentoring and consulting. My drive is to bring you and your organization to the next level with strategy approaches that work. I wrote “Strategy Consulting,” “Nor More Bananas,” and “The Strategy Handbook.” Reach out to me via jeroenkraaijenbrink.com,  LinkedIn or jk@kraaijenbrink.com

.

Pat Flynn 282K subscribers 26 million Americans are without a job right now, and that’s just in the U.S. alone. It’s a terrible situation, one that I’m all too familiar with myself having gotten laid off during the recession in 2008. These are tough times, but there are opportunities within them, too. I was able to build a business back in 2008 as a result of getting laid off, and I imagine that those who focus on the future, and the ability to create something new now, are the ones who are going to come out of this dire situation best.

More Contents:

Industry Trend On Global Manual Capsule Filling Machine Market Analysis Of Key Player 2021 – 2026 – http://www.articletrunk.com – Today[…] List included in Manual Capsule Filling Machine Market Analysis of COVID-19 Impact & Post Pandemic Opportunities in Manual Capsule Filling Machine Market: The episode of COVID-19 has brought along a worldwid […]0

CFO Leaders: Steel Is ‘Toys For Big Boys’- Koushik Chatterjee http://www.bloombergquint.com – Today[…] lost all the benefits and not taking care of the opportunities that we have created in the last pandemic.” Opportunities that might prepare the company better for the next turn in cycle — up or down […]1

Global 4-Phenylbenzophenone(Photoinitiator PBZ) Market : Competitive Analysis, Key Competitors, Drivers, Restraints and Forecast by 2026 – http://www.articletrunk.com – February 16[…] List included in 4-Phenylbenzophenone(Photoinitiator PBZ) Market Analysis of COVID-19 Impact & Post Pandemic Opportunities in 4-Phenylbenzophenone(Photoinitiator PBZ) Market: The episode of COVID-19 has brought along […]N/A

Global Aero Derivative Gas Turbine Market : Competitive Analysis, Key Competitors, Drivers, Restraints and Forecast by 2026 – http://www.articletrunk.com – February 16[…] List included in Aero Derivative Gas Turbine Market Analysis of COVID-19 Impact & Post Pandemic Opportunities in Aero Derivative Gas Turbine Market: The episode of COVID-19 has brought along a worldwid […]N/A

Industry Trends in the Global Acid Organic Paper Dyes Market SWOT Analysis by Top Companies in 2026 – http://www.articletrunk.com – February 16[…] List included in Acid Organic Paper Dyes Market Analysis of COVID-19 Impact & Post Pandemic Opportunities in Acid Organic Paper Dyes Market: The episode of COVID-19 has brought along a worldwide downturn […]0

Global 1 – 4 – Cyclohexanedimethanol Dibenzoate Market : Competitive Analysis, Key Competitors, Drivers, Restraints and Forecast by 2026 – http://www.articletrunk.com – February 16[…] List included in 1 – 4 – Cyclohexanedimethanol Dibenzoate Market Analysis of COVID-19 Impact & Post Pandemic Opportunities in 1 – 4 – Cyclohexanedimethanol Dibenzoate Market: The episode of COVID-19 has brought along […]N/A

Johnson government plans UK National Health Service “overhaul” to streamline privatisation http://www.wsws.org – February 16[…] ” The removal of the tender process “is therefore unlikely to stymie post-pandemic opportunities in the private sector […]11

Extreme Sports Travel Insurance Market 2021: Rising Impressive Business Opportunities Analysis Forecast by 2026 | Key Vendors: Allianz, AIG, Munich RE – ksusentinel.com – February 16[…] Analysis of COVID-19 Impact & Post Pandemic Opportunities in Extreme Sports Travel Insurance Market: The episode of COVID-19 has brought along a worldwid […]N/A

Latest Research: Enterprise Resource Planning (ERP) Software Market Intelligence and Future Prospects 2026 | Leading Players: SAP, Oracle, Sage – ksusentinel.com – February 16[…] Analysis of COVID-19 Impact & Post Pandemic Opportunities in Enterprise Resource Planning (ERP) Software Market: The episode of COVID-19 has brought along […]N/A

Latest Research: Employee Goal Setting Software Market Intelligence and Future Prospects 2026 | Leading Players: Performance Appraisal, Gtmhub, Workteam OKR – ksusentinel.com – February 16[…] Analysis of COVID-19 Impact & Post Pandemic Opportunities in Employee Goal Setting Software Market: The episode of COVID-19 has brought along a worldwid […]0

Global Deep Learning Chipset Market Size, Share, Trends and Leading Players 2026 : NVIDIA, Intel, IBM, Qualcomm, CEVA – http://www.articletrunk.com – February 16[…] Analysis of COVID-19 Impact & Post Pandemic Opportunities in Deep Learning Chipset Market: The COVID-19 pandemic has radically changed the dynamics of th […]0

Global Elastic Bonding Adhesives Market Analysis, Drivers, Restraints, Opportunities 2021-2026 | Henkel Corporation, Sika AG, Bostik, DoW Chemical Company – http://www.articletrunk.com – February 16[…] Analysis of COVID-19 Impact & Post Pandemic Opportunities in Elastic Bonding Adhesives Market: The COVID-19 pandemic has radically changed the dynamics o […]N/A

Exclusive Report: What’s New in Data Quality Tools Market for 2021 – IBM, Informatica, SAS, SAP, Oracle – http://www.articletrunk.com – February 16[…] Analysis of COVID-19 Impact & Post Pandemic Opportunities in Data Quality Tools Market: The COVID-19 pandemic has radically changed the dynamics of the Dat […]N/A

Global Earthmoving Fasteners Market Trends and Growth Outlook 2021-2026 | Vescovini (sbe), Gem-year, Shandong Gaoqiang, Standard Parts – http://www.articletrunk.com – February 16[…] Analysis of COVID-19 Impact & Post Pandemic Opportunities in Earthmoving Fasteners Market: The COVID-19 pandemic has radically changed the dynamics of th […]0

Global Electrical Conduits Market LIVE Updates: Size-Share Analysis and System Production (2021-2026) | Wheatland Tube, Conduit Pipe Products – http://www.articletrunk.com – February 16[…] Analysis of COVID-19 Impact & Post Pandemic Opportunities in Electrical Conduits Market: The COVID-19 pandemic has radically changed the dynamics of th […]0

Global Conductive Elastomer Gasket Market Analysis, Drivers, Restraints, Opportunities 2021-2026 | Parker Chomerics, Parker Hannifin, Vanguard Products – http://www.articletrunk.com – February 16[…] Analysis of COVID-19 Impact & Post Pandemic Opportunities in Conductive Elastomer Gasket Market: The COVID-19 pandemic has radically changed the dynamics o […]0

Global Corrugated Boxes Market Trends and Growth Outlook 2021-2026 | International Paper, WestRock (RockTenn), Smurfit Kappa Group, Rengo, SCA – http://www.articletrunk.com – February 16[…] Analysis of COVID-19 Impact & Post Pandemic Opportunities in Corrugated Boxes Market: The COVID-19 pandemic has radically changed the dynamics of th […]N/A

Global Denitration Catalyst Market Size, Share, Trends and Leading Players 2026 : Nippon Shokubai, Johnson Matthey, Haldor Topsoe – http://www.articletrunk.com – February 16[…] Analysis of COVID-19 Impact & Post Pandemic Opportunities in Denitration Catalyst Market: The COVID-19 pandemic has radically changed the dynamics of th […]0

Exclusive Report: What’s New in Copper Alloy Tubes Market for 2021 – PIPEX Italia, US Korea Hotlink, Tube Tech Copper And Alloys – http://www.articletrunk.com – February 16[…] Analysis of COVID-19 Impact & Post Pandemic Opportunities in Copper Alloy Tubes Market: The COVID-19 pandemic has radically changed the dynamics of th […]0

Exclusive Report: What’s New in Electric Vehicles for Construction, Agriculture and Mining Market for 2021 – Caterpillar, Komatsu, Hitachi, John Deere – http://www.articletrunk.com – February 16[…] Analysis of COVID-19 Impact & Post Pandemic Opportunities in Electric Vehicles for Construction, Agriculture and Mining Market: The COVID-19 pandemic ha […]0

Latest Research: Erosion Control Blankets Market Intelligence and Future Prospects 2025 | Propex, Contech Engineered Solutions, American Excelsior – ksusentinel.com – February 16[…] Analysis of COVID-19 Impact & Post Pandemic Opportunities in Erosion Control Blankets Market: The episode of COVID-19 has brought along a worldwide downturn, […]N/A

Global Single-Walled Carbon Nanotubes Market LIVE Updates: Size-Share Analysis and System Production (2021-2026) | Sigma-Aldrich (Merck), Ossila, Zeon Nano Technology Co. Ltd. – http://www.articletrunk.com – February 16[…] Analysis of COVID-19 Impact & Post Pandemic Opportunities in Single-Walled Carbon Nanotubes Market: The episode of COVID-19 has brought along a worldwid […]N/A

Global Paint Stripper Market LIVE Updates: Size-Share Analysis and System Production (2021-2026) | WM Barr, Savogran, Dumond Chemicals – http://www.articletrunk.com – February 16[…] Analysis of COVID-19 Impact & Post Pandemic Opportunities in Paint Stripper Market: The episode of COVID-19 has brought along a worldwide downturn, which has […]0

Global Long Type Nickel Chromium Molybdenum Alloy Market Size, Share, Trends and Leading Players 2026 : SMC, ThyssenKrupp VDM, Carpenter – http://www.articletrunk.com – February 15[…] Analysis of COVID-19 Impact & Post Pandemic Opportunities in Long Type Nickel Chromium Molybdenum Alloy Market: The episode of COVID-19 has brought along […]0

Global Long Type Cast Nickel Molybdenum Alloy Market Trends and Growth Outlook 2021-2026 | SMC, ThyssenKrupp VDM, Carpenter, Imphy Alloys – http://www.articletrunk.com – February 15[…] Analysis of COVID-19 Impact & Post Pandemic Opportunities in Long Type Cast Nickel Molybdenum Alloy Market: The episode of COVID-19 has brought along […]0

Exclusive Report: What’s New in PET Foam Market for 2021 – Armacell International, 3A Composites, Gurit Holding, Diab Group (Ratos Ab) – http://www.articletrunk.com – February 15[…] Analysis of COVID-19 Impact & Post Pandemic Opportunities in PET Foam Market: The episode of COVID-19 has brought along a worldwide downturn, which ha […]

This College Professor Became An Overnight Billionaire Fighting Covid

Every time you’re infected by bacteria or a virus, your immune system works to create treatments to defeat it. Molecularly unique to each person, these tiny cells, or antibodies, either destroy these invaders or mark them for other killer cells to track down.

Carl Hansen, 46, is geeking out as he describes the process over Zoom. “We can make 100 trillion different antibodies,” he exclaims. “The immune system is spectacular beyond description.”

If that sounds more like a college professor than the CEO of a $13 billion (market cap) biotech company, there’s a reason: Hansen was one—until 2019, when he left to focus on Vancouver-based AbCellera Biologics, cofounded with fellow researchers from the University of British Columbia in 2012. “Universities are very good at testing new ideas and looking for which road might be effective,” he says.

The team’s academic bent has played out in an even more important way. Nearly all biotech startups develop a handful of treatment targets, then spend the next 8 to 12 years developing those drugs, hoping to bring at least one of them to market. It’s not a sure thing—fewer than 10% of new drugs make it all the way. But when they do, they tend to be blockbusters: Seven of the ten top-selling drugs in 2018 were antibody treatments, including AbbVie’s $19 billion (net revenue) immunosuppressive drug Humira and Merck’s cancer drug Keytruda, which generated $11.1 billion in 2019.

AbCellera takes a vastly different approach. Instead of trying to build a vertically integrated drug company, it is focused solely on the discovery process. That’s the portion of drug development that is earliest and most essential: It’s there that the most promising treatment prospects are selected, subjected to early laboratory tests and then moved through the pipeline.

But AbCellera, which raised $105 million from investors including Peter Thiel, the University of Minnesota and OrbiMed in May—at a valuation of $4.8 billion, according to PitchBook, just six months before going public—is not interested in seeing it through from beginning to end. Instead it offers what might be described as “drug discovery as a service.” It works with 90 outside businesses, including pharma giants Pfizer, Gilead and Novartis. Those companies ask the biotech to find antibodies that meet certain criteria. AbCellera then uses its proprietary technology to find prospects.

In its highest-profile success to date, AbCellera examined thousands of antibodies derived from the blood of people who had recovered from Covid-19 in order to identify the antibodies that did the best job fighting the virus. It then turned over the most promising antibodies to drug company Eli Lilly. Clinical trials of one of those antibodies, bamlanivimab, began in May—just 90 days after the partnership started. Tests found patients with mild or moderate cases had good results, and in November, the antibody received emergency-use authorization from the FDA.

The federal government has contracted to purchase 950,000 doses of the drug for $1.2 billion. Eli Lilly issued guidance in mid-December expecting up to $2 billion in revenue from Covid-19 therapeutics in 2021, the bulk of which will come from bamlanivimab; AbCellera, which booked $25 million through the end of September 2020, will earn estimated royalties of $270 million on those sales, according to Credit Suisse.

AbCellera is also looking to speed up the time it takes to develop its antibody therapies. The shorter time frame saves millions in development costs while enabling revenues to come in sooner than expected. “From a financial perspective, every year that you save is a huge opportunity cost for investors,” says Gal Munda, an analyst at Berenberg Capital Markets.

Hansen is now worth $3 billion, thanks to the company’s white-hot December IPO. Asked about his meteoric rise into the three-comma club, Hansen is low-key: “It feels just a little bit surreal.” He’s more articulate about the biotech’s success: “If this example of Covid shows one thing, to me, it’s the proof point of the business model and the technology.”Follow me on Twitter or LinkedIn. Check out my website. Send me a secure tip

Alex Knapp

Alex Knapp

I’m a senior editor at Forbes covering healthcare, science, and cutting edge technology. 

.

CNBC Television

AbCellera Biologics CEO Carl Hansen joins ‘Closing Bell’ to discuss the company’s partnership with Eli Lilly in developing monoclonal antibody treatment and the company’s Covid-19 treatments. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi​ » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision​ » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC​ » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic​ Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-n…​ Connect with CNBC News Online Get the latest news: http://www.cnbc.com/​ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC​ Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC​ Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC​ Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBChttps://www.cnbc.com/select/best-cred..

More Contents:

Is hypertension without any other comorbidities an independent predictor for COVID‐19 severity and mortality? – Salazar – – The Journal of Clinical Hypertension onlinelibrary.wiley.com – Today[…] For instance, when effective vaccines become available, priorities for vaccination should be defined […] with diabetes and/or established cardiovascular disease undoubtedly emerge as priorities for vaccination, the risk of individuals with hypertension without established cardiovascular disease or end‐orga […]0

Is Flexibility the Key: Jab or no Jab, Travel or no Travel? http://www.linkedin.com – TodaySo, as we start to see the vaccine being distributed, and countries start mass vaccination programme, it was reported in the UK, by a cruise operator, that if a guest did not have th […] malaria injections / medication to visit certain destinations, and in some cases carry with you a vaccination card to prove that this has been done! We have recently seen that in order to travel you have ha […]1

Upstract default.upstract.uc.r.appspot.com – Today[…] (detikNews) COVID-19 pandemic in Myanmar Myanmar begins a vaccination programme using the Oxford-AstraZeneca COVID-19 vaccine […] (AP) COVID-19 pandemic in Nepal Prime Minister KP Sharma Oli launches a vaccination campaign against COVID-19 in Nepal starting with 430,000 frontline and healthcare workers […]N/A

Canada’s Vaccination Rollout Will Lag 6 Months Behind U.S., Europe: Forecast http://www.huffingtonpost.ca – TodayPrevious Next Canada’s Vaccination Rollout Will Lag 6 Months Behind U […]36

FTSE 100 pares losses; EU clears Boeing 737 MAX after two-year grounding http://www.proactiveinvestors.co.uk – Today[…] 05am: AstraZeneca says UK can reach mid-February COVID-19 vaccination target FTSE 100 was treading water in mid-morning, shedding 13 points to 6,640, as sterling wa […]N/A

experts reveal business predictions for 2021 johnstoncarmichael.com – Today[…] already seen the completion of Brexit, new lockdown measures and the acceleration of the COVID-19 vaccination programme, experts from Johnston Carmichael, have revealed their top business predictions for th […]N/A

2021 Investment Outlook – Cammack Retirement Group, Inc. cammackretirement.com – Today[…] from “The Investment Outlook for 2021” ECONOMIC OUTLOOK Following a winter slowdown, widespread vaccination should allow U […]0

20 21 Temporary Employee Homebound/Homebased Provider $2… jobs.frontend.la – Today[…] and San Diego counties, also allows eligible users to schedule an appointment for the vaccination […]0

Open Access Journals | OMICS International http://www.omicsonline.org – Today[…] and Therapeutics Journal of Vaccines & Clinical Trials Open Access Journal Journal of Vaccines & Vaccination Open Access Journal Lupus: Open Access Open Access Journal Medical Microbiology Reports Open Access […]0

Travel agency brands Saga ‘disgusting’ in social media backlash http://www.travelmole.com – Today[…] Saga said last week that it had taken the decision to make vaccination mandatory after speaking to its customers […] responding to Saga’s announcement on Twitter supported the move, dozens appeared enraged by its vaccination policy […] actually think you’ll have any customers left after they’ve been blackmailed into getting a trial vaccination?? You’ve just basically declared yourself bankrupt as well as breaking the Nuremberg code well done […]3

St. Louis County expected to announce first mass vaccination clinic in Wednesday morning briefing http://www.bizjournals.com – TodayN/A

St. Louis County announces first mass vaccination clinic at STLCC’s Florissant Valley campus http://www.bizjournals.com – TodayN/ACertified Nurse Assistant (CNA) Full Time Health Center … jobs.frontend.la – Today[…] and San Diego counties, also allows eligible users to schedule an appointment for the vaccination […]0

COVID Antibody Treatments Exceed Expectations http://www.webmd.com – Today[…] Biden sets new vaccination goal President Joe Biden has upped the country’s daily coronavirus vaccination goal to 1 […]1

What the Capitol Riot Data Download Shows about Social Media Vulnerabilities http://www.scientificamerican.com – Today[…] of their license, credit cards, gift cards, passports, airplane tickets—now we’re seeing COVID-19 vaccination cards with sensitive data on them […]1

Cross Insurance Center set to become latest COVID-19 vaccination site for Mainers 70 and older wgan.com – TodayThe Cross Insurance Center in Bangor will soon be a community vaccination site for older Mainers […] Center site will allow Northern Light Health to be well positioned to assist in the statewide vaccination effort,” said Matt Marston, the associate vice president of Northern Light Pharmacy […]6

Wednesday evening news briefing: Lockdown for at least another five weeks http://www.telegraph.co.uk – Today[…]  Scroll down to see a graph showing vaccination rates in the UK and the EU, while Nigel Farage argues that, finally, the country is seeing the E […]N/A

Home Care Sales & Business Development Manager job in Conco… jobs.frontend.la – Today[…] and San Diego counties, also allows eligible users to schedule an appointment for the vaccination […]0

Vaccine Update  | The Argonaut Newsweekly argonautnews.com – Today[…] Hutton Like so many other elements of the COVID-19 pandemic, the rules and execution surrounding vaccination efforts are constantly changing […] Several notable locations in Southern California have been converted into vaccination hubs including Dodger Stadium, The Forum in Inglewood, California State University, Northridge; Six […] The increased vaccination efforts come at a crucial time when California is struggling with distribution […]0

IJMS | Free Full-Text | Transcriptome Analysis Based on RNA-Seq in Understanding Pathogenic Mechanisms of Diseases and the Immune System of Fish: A Comprehensive Review | HTML http://www.mdpi.com – Today[…] The transcriptome analysis based on RNA-Seq has been employed in few vaccination studies against bacterial infection […] pathway, whereas genes associated with the MHC-II pathway were downregulated during early stages of vaccination [41]. The oral vaccination of the European sea bass (Dicentrarchus labrax) against V […] of the kidney of the olive flounder (Paralichthys olivaceus) revealed that heat-inactivated vaccination against VHSV modulates numerous genes involved in the acute phase response, TLR, IFN, and apoptosis […]N/A

How this travel photographer is surviving the lockdown http://www.amateurphotographer.co.uk – Today[…] required – in the same way that some countries currently require certification of Yellow Fever vaccination – but I am pre-empting this, in part to protect vulnerable people that we encounter on any trip […]3S

wiss to spend $1bn on asymptomatic Covid-19 testing medicalxpress.com – Today[…] Foreign Minister Ignazio Cassis revealed that government ministers had received their first vaccination dose in mid-January—something not made public at the time—even though none of them are in th […]0

2021 Global pandemic survey series: a focus on vaccines app.keysurvey.com – Today[…] Given the complexity of rolling out a mass vaccination program, the spread of a new coronavirus strain, and renewed movement restrictions, 2021’ […]N/A

Shift Manager In Training job in Cleveland, OH | Shell Oil … jobs.frontend.la – Today[…] and San Diego counties, also allows eligible users to schedule an appointment for the vaccination […]0

Student Testing, Screening and Tracing | Coronavirus http://www.uky.edu – Today[…] to complete an entry test, as, per the CDC, it takes time for the body to build immunity after vaccination […]18

Branford Offers COVID Vaccination Appointments for Agest 75+ http://www.zip06.com – TodayLOCAL NEWS Branford Offers COVID Vaccination Appointments for Agest 75+ BY PRESS RELEASE, OFFICE OF BRANFORD FIRST SELECTMAN • 01/27/2021 10:3 […] EST COVID vaccination clinics for eligible individuals, by appointment only, will be held at Branford Canoe Brook Senio […] ) BRANFORD — January 26, 2021: By appointment, COVID vaccination clinics for eligible individuals will be held at the Canoe Brook Senior Center located [in th […]

3 Things I’ve Learned from Billionaires About Coping With the COVID-19 Health Crisis

The COVID-19 global health crisis poses a multitude of challenges for every entrepreneur. Experts in some economies predict that in the coming recession, up to 40 percent of all businesses could cease to exist. Virtually every business owner is affected by the crisis this way or another and many feel a deep need for orientation in this difficult time.

In every walk of life, you always should learn from the best people in your area. Being an entrepreneur myself, I spent the last seven years travelling the world and interviewing some of the best entrepreneurs on the planet. I met over three dozen self-made billionaires on a mission to find out what in their personalities made them so extremely successful in business, to learn their thinking patterns and business strategies.

I published the results of my research in the book “The Billion Dollar Secret” and founded with half a dozen billionaires the 10 Digit Impact Group, a global platform for 10 digit individuals to exchange thoughts, experiences, and co-ordinate their international philanthropic activities to have a positive impact on the lives of billions of people.

Here is how billionaires approach the COVID-19 crisis and the three steps they take to thrive nevertheless:

1. Stabilize your business.

The first rule in business is: Don’t go broke! Also, in the crisis, the first and most important goal is to stay in business.

The COVID-19 crisis shows up in its first phase as a liquidity crisis. For business owners, it’s critical to keep liquidity. You don’t want to be in a situation where you are forced to sell your assets. To achieve that, you need to be flexible and quickly adapt to changing conditions. Innovation and the use of new technologies can help you achieve that.

In hard times, it is wise to reduce your dependency on financial institutions. Many billionaires have no debt in their companies or they want to reach zero debt soon.

No business can exist without customers. In a deep recession like this one, it’s not enough to think only about the financial condition of your company. You also have to think about the financial condition of your customers. You want them to survive so your company can survive. Sometimes you need to give them better business terms, give them more time to pay the obligations, temporarily waive the interest or even forgo part of the debt. It may be painful in the short term but it may save your company in the long term.

2. Prepare for opportunities.

Cash is king! It sounds like a slogan but there is no other time when these words are more true than now. Every crisis is an opportunity and there are many opportunities to come in this crisis. There will be assets in different areas to be had cheaply, be it real estate or companies. To take advantage of these opportunities, you need cash.

Billionaires have prepared for it by selling some of their non-essential, non-strategic assets and currently keep unusually large amounts of cash so they can invest with a discount at a later point in time.

3. Invest during max panic.

When everybody thinks in one direction, don’t be surprised when the situation develops in the opposite direction. When everybody runs for the hills, that’s when you should take a contrarian view and go against the crowd. You will always find opportunities there where somebody loses liquidity and has to sell.

Billionaires expect real estate and the stock market to go down in price even further in the coming months and years. When the panic in the market caused by the fears about the second wave and potential second lockdown reaches its maximum, that’s when the opportunities will outweigh the risk. 

That’s when you should look for potential acquisition targets in your industry or expand your activities to new markets using your cash stash.

By: Rafael Badziag / Entrepreneur Leadership Network VIP

Emotional health can be challenging during this COVID-19 crisis. Dr. Molly Gardner explains what you can do to stay emotionally healthy, plus what you should do if you need behavioral health support during this time. Connect with a specialist: https://bit.ly/2QOgYmn COVID-19 information for patient families: https://bit.ly/2WJAc0d 4 ways to stay connected with family and friends: https://bit.ly/2UFASRp What parents need to know about Coronavirus: https://bit.ly/2UDZYAo Talking with your kids about coronavirus: https://bit.ly/2WNVSrO

Wuhan to Test All 11 Million Residents After Handful of New Infections

1

(BANGKOK) — Authorities in the Chinese city where the coronavirus pandemic began were moving forward Wednesday with efforts to test all 11 million residents for the virus within 10 days after a handful of fresh infections were found there.

The U.S. government’s top infectious disease expert, meanwhile, issued a blunt warning that cities and states could see more COVID-19 deaths and economic damage if they lift stay-at-home orders too quickly — a sharp contrast to President Donald Trump, who is pushing to right a free-falling economy.

“There is a real risk that you will trigger an outbreak that you may not be able to control,” Dr. Anthony Fauci warned a Senate committee and the nation Tuesday as more than two dozen states have begun to lift their lockdowns.

The tension in balancing people’s safety from the virus against the severe economic fallout is playing out in many other countries, too. Italy partially lifted lockdown restrictions last week only to see a big jump in confirmed coronavirus cases in its hardest-hit region. Pakistan reported 2,000 new infections in a single day for the first time after the easing of its lockdown saw crowds of people crammed into markets throughout the country.

China, the first nation to put a large number of its citizens under lockdown and the first to ease those restrictions, has been strictly guarding against any resurgence.

District health commissions and neighborhood committees in the city of Wuhan have been told to develop a plan to test all residents in their jurisdictions, local media reports said. The directive also said the testing should focus on the elderly, densely populated areas and places with mobile populations.

Help Businesses Grow While Joining This Investment Program

A person who answered the mayor’s hotline in Wuhan on Wednesday said local districts had been given 10 days to carry out the tests. The official declined to give his name because she was not authorized to speak to reporters.

The first cases of the new coronavirus were found in Wuhan in December, and by the end of January the government had placed the entire city and the surrounding region, home to more than 50 million people, under a strict lockdown.

A cluster of six new cases was recently found in one part of the city, the first local infections the government has reported in Wuhan since before the lockdown was eased in early April.

It wasn’t clear how many people would actually still need to be tested, as one expert at Wuhan University told the Global Times newspaper that up to 5 million residents of Wuhan have already been tested since the outbreak began.

Worldwide, the virus has infected more than 4.2 million people and killed over 291,000 — with more than 82,000 deaths in the U.S. alone, the world’s highest toll. Experts say the actual numbers are likely far higher.

Progress was being made in many places, including New Zealand, which reported no new cases on Wednesday. It was the second day in a row without any and the fourth such day since early last week.

Director-General of Health Ashley Bloomfield said it was encouraging news as New Zealand prepares to ease many of its lockdown restrictions on Thursday. Most businesses, including malls, retail stores and sit-down restaurants, will be able to reopen. Social distancing rules will remain in place and gatherings will be limited to 10 people.

“The sense of anticipation is both palpable and understandable,” Bloomfield said.

Authorities in South Korea said Wednesday that they had no immediate plans to revive strict social distancing rules despite a spike in cases linked to nightclubs in Seoul.

In his Senate testimony, Dr. Fauci said more infections and deaths are inevitable as people again start gathering, but how prepared communities are to stamp out those sparks will determine how bad the rebound is.

“There is no doubt, even under the best of circumstances, when you pull back on mitigation you will see some cases appear,” Fauci said.

Move too quickly and “the consequences could be really serious,” he added. It not only would cause “some suffering and death that could be avoided, but could even set you back on the road to try to get economic recovery.”

With more than 30 million people unemployed in the U.S., Trump has been pressuring states to reopen.

A recent Associated Press review determined that 17 states did not meet a key White House benchmark for loosening restrictions — a 14-day downward trajectory in new cases or positive test rates. Yet many of those states have begun to reopen or are about to do so, including Alabama, Kentucky, Maine, Mississippi, Missouri, Nebraska, Ohio, Oklahoma, Tennessee and Utah.

Of the 33 states that have had a 14-day downward trajectory, 25 are partially opened or moving to reopen within days, the AP analysis found. Other states that have not seen a 14-day decline remain closed despite meeting some benchmarks.

Fauci expressed optimism that eventually vaccines will arrive, along with treatments in addition to the one drug that so far has shown a modest effect in fighting COVID–19. But it would be “a bridge too far” to expect them in time for fall, when schools hope to reopen, he said.

Although Trump declared this week that “we have met the moment, and we have prevailed” in increasing and improving virus testing, Republican senators on the panel were noticeably less sanguine.

A lack of testing has dogged the U.S. response from the beginning, when a test developed by the Centers for Disease Control and Prevention ran into numerous problems. Sen. Mitt Romney said the U.S. may finally have outpaced testing leader South Korea but that country has far fewer deaths because it started testing early.

“I find our testing record nothing to celebrate whatsoever,” said Romney, a Republican from Utah.

Trump administration “testing czar” Adm. Brett Giroir said the U.S. could be performing at least 40 million to 50 million tests per month by September. That would work out to between 1.3 million and 1.7 million tests per day. Harvard researchers have said the U.S. must be doing 900,000 by this Friday in order to safely reopen.

Neergaard reported from Washington. Associated Press journalists around the world contributed to this report.

By CHRIS BLAKE and LAURAN NEERGAARD

Source: https://time.com

GM-980x120-BIT-ENG-Banner-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-2-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1

The local government in Wuhan, central China’s Hubei Province says it plans to test its entire population for the coronavirus. The announcement comes after six new cases were reported there over the weekend. Subscribe to us on YouTube: https://goo.gl/lP12gA Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvn… Download our APP on Google Play (Android): https://play.google.com/store/apps/de… Follow us on: Website: https://www.cgtn.com/ Facebook: https://www.facebook.com/ChinaGlobalT… Twitter: https://twitter.com/CGTNOfficial Instagram: https://www.instagram.com/cgtn/?hl=zh-cn Pinterest: https://www.pinterest.com/CGTNOfficial/ Weibo: http://weibo.com/cctvnewsbeijing Douyin: http://v.douyin.com/aBbmNQ/

3 New York Children Die From Syndrome Possibly Linked to COVID-19

1

NEW YORK — Three children have now died in New York state from a possible complication from the coronavirus involving swollen blood vessels and heart problems, Gov. Andrew Cuomo said Saturday.

At least 73 children in New York have been diagnosed with symptoms similar to Kawasaki disease — a rare inflammatory condition in children — and toxic shock syndrome. Most of them are toddlers and elementary-age children.

Cuomo announced two more deaths a day after discussing the death of a 5-year-old boy Thursday at a New York City hospital. He did not give information about where the two other children died, or provide their ages.

There is no proof that the virus causes the syndrome. Cuomo said the children had tested positive for COVID-19 or the antibodies but did not show the common symptoms of the virus when they were hospitalized.

“This is the last thing that we need at this time, with all that is going on, with all the anxiety we have, now for parents to have to worry about whether or not their youngster was infected,” Cuomo said at his daily briefing.

New York is helping develop national criteria for identifying and responding to the syndrome at the request of the Centers for Disease Control, Cuomo said.

Children elsewhere in the U.S. have also been hospitalized with the condition, which was also seen in Europe.

At least 3,000 U.S. children are diagnosed with Kawasaki disease each year. It is most common in children younger than 6 and in boys.

Symptoms include prolonged fever, severe abdominal pain and trouble breathing.

SHELTER BUSES

New York City transit officials said they’re providing buses for homeless people to shelter from unseasonably frigid weather this weekend during newly instituted overnight subway closures.

The subway system has been shutting down from 1 to 5 a.m. since Wednesday as part of an outbreak-related plan for daily train disinfecting. City outreach workers have been persuading homeless people to leave the system for shelters during the shutdowns.

With temperatures around the freezing mark and a traces of snow reported in Manhattan’s Central Park, transit officials said they also would provide a limited number of buses at end-of-line stations Saturday and Sunday.

The buses are not for transportation, “but may serve as a place for individuals to escape the elements in the short term,” according to a prepared statement from New York City Transit President Sarah Feinberg and Transport Workers Union Local 100 President Tony Utano.

“We are providing these buses only during this cold snap and expect the city to continue to step up and take responsibility for providing safe shelter for those individuals experiencing homelessness,” according to the statement.

The Metropolitan Transportation Authority did not immediately respond to an email Saturday morning asking how many buses were provided and how many people were taking shelter in them.

By Associated Press

Please follow my Instagram: http://instagram.com/arminhamidian67

728x90-1-1-1-1

Three children have now died in New York state from a possible complication from the coronavirus involving swollen blood vessels and heart problems, Gov. Andrew Cuomo said Saturday. At least 73 children in New York have been diagnosed with symptoms similar to Kawasaki disease – a rare inflammatory condition in children – and toxic shock syndrome. Most of them are toddlers and elementary-age children. NEW HERE? – Hi! We’re abc7NY, also known as Channel 7 on TV, home to Eyewitness News, New York’s Number 1 news. We hope you love us on YouTube as much as you do on television! OUR SOCIAL MEDIA – FACEBOOK: https://www.facebook.com/ABC7NY/ TWITTER: https://twitter.com/abc7ny INSTAGRAM: https://www.instagram.com/abc7ny/ NEWS TIPS: Online: https://7ny.tv/36UsL9a Phone: 917-260-7700 Email: abc7ny@abc.com #abc7NY #coronavirus #covid19

Coronavirus Is Likely to Become a Seasonal Infection Like the Flu, Top Chinese Scientists Warn

Chinese scientists say the novel coronavirus will not be eradicated, adding to a growing consensus around the world that the pathogen will likely return in waves like the flu.

It’s unlikely the new virus will disappear the way its close cousin SARS did 17 years ago, as it infects some people without causing obvious symptoms like fever. This group of so-called asymptomatic carriers makes it hard to fully contain transmission as they can spread the virus undetected, a group of Chinese viral and medical researchers told reporters in Beijing at a briefing Monday.

With SARS, those infected became seriously ill. Once they were quarantined from others, the virus stopped spreading. In contrast, China is still finding dozens of asymptomatic cases of the coronavirus every day despite bringing its epidemic under control.

FAQ: How Long Does COVID-19 Last?

That depends on the severity of infection.

“This is very likely to be an epidemic that co-exists with humans for a long time, becomes seasonal and is sustained within human bodies,” said Jin Qi, director of the Institute of Pathogen Biology at China’s top medial research institute, the Chinese Academy of Medical Sciences.

A consensus is forming among top researchers and governments worldwide that the virus is unlikely to be eliminated, despite costly lockdowns that have brought much of the global economy to a halt. Some public health experts are calling for the virus to be allowed to spread in a controlled way through younger populations like India’s, while countries like Sweden have opted out of strict lockdowns.

Anthony Fauci, the director of U.S. National Institute of Allergy and Infectious Diseases, said last month that Covid-19, the disease caused by the virus, could become a seasonal ailment. He cited as evidence cases now showing up in countries across the southern hemisphere as they enter their winter seasons.

More than 3 million people have been sickened and over 210,000 killed in the global pandemic.

While some, including Donald Trump, have expressed hope that the virus’s spread will slow as the temperature in northern hemisphere countries rises in the summer, Chinese experts on Monday said that they found no evidence for this.

“The virus is heat sensitive, but that’s when it’s exposed to 56 degrees Celsius for 30 minutes and the weather is never going to get that hot,” said Wang Guiqiang, head of the infectious diseases department of Peking University First Hospital. “So globally, even during the summer, the chance of cases going down significantly is small.”

–With assistance from John Liu and Yinan Zhao.

By Bloomberg April 28, 2020 4:11 AM EDT

Source: Coronavirus Is Likely to Become a Seasonal Infection Like the Flu, Top Chinese Scientists Warn

Please follow my Instagram: http://instagram.com/arminhamidian67

코로나19 감염성 높아져…”1년내 세계인구 최대 70% 감염될지도” It’s generally believed that with the coronavirus the worst is yet to come. But some predictions by global experts… say the virus will likely end up infecting most people in the world. In that case it could become a seasonal illness like the flu. Our Choi Jeong-yoon reports. Public health experts have been trying to gauge how bad the coronavirus outbreak will get, and whether it will become a full-blown pandemic, by calculating the pathogen’s reproduction rate. And according to a recent report by U.S.-based investment bank JP Morgan Chase,… South Korea’s coronavirus epidemic has not yet reached its peak. Taking the speed of secondary infections in China into account ,… the bank predicted that the epidemic could reach its climax in Korea around March 20th and said there could be as many as ten thousand confirmed cases. The bank supposed three percent of the 2-point-4 million people living in Daegu had been exposed to the virus. Daegu is where more than 80 percent of the total confirmed cases have occurred in Korea. However, the South Korean health authorities said it’s too early to make such assumptions. Vice health minister Kim Gang-lip said at a briefing on Wednesday that more thorough statistical analysis needs to be done on the spread of the virus. Meanwhile, some say the virus will ultimately become uncontainable. In an article by the Atlantic,…Harvard epidemiologist Marc Lipsitch said the coronavirus will be a global pandemic,… with 40 to 70 percent of the world’s population likely to be infected this year. But he clarified that by saying many of those people won’t have severe illnesses or even show symptoms at all, which is already reportedly the case for many people who have tested positive for the coronavirus. In that way, it could have similarities with influenza, which is often life-threatening to elderly people or those with chronic health conditions, but causes no symptoms at all in around 14 percent of cases. This is leading to an emerging consensus that the outbreak will eventually morph into a new seasonal disease, which The Atlantic says could one day turn the “cold and flu season” into the “cold and flu and COVID-19 season.” Choi Jeong-yoon, Arirang News.

Why Singapore, Once a Model for Coronavirus Response, Lost Control of Its Outbreak

1

A man walks along the corridor of Tuas South dormitory in Singapore on April 19, 2020. Roslan Raman—AFP/Getty Images

Singapore was once seen as a model for how to hold back the coronavirus. But now the tiny city-state, with a population of 5.6 million, has the most reported coronavirus cases in Southeast Asia.

On Monday, officials recorded a new daily record—more than 1,400 additional cases. The number of COVID-19 cases has increased more than two and a half times in the last week, with more than 8,000 total.

Experts say the surge, which began last week, is due largely to local officials underestimating the vulnerability of the city’s migrant workers, who live in cramped dormitories with up to 20 people to a room.

Just 16 of the new cases Monday were Singapore citizens or permanent residents. About three-quarters of all cases in Singapore are linked to the workers’ dormitories, according to official figures.

In the early months of the outbreak, Singapore’s response was praised—alongside those in Hong Kong and Taiwan—as a model for how to stop slow the spread of the coronavirus. The World Health Organization (WHO) commended Singapore, citing its widespread testing and comprehensive tracing of close contacts.

Singapore had also largely managed to quell a second wave of the virus, caused by students and other residents returning home from the U.S. and Europe. Authorities have only recorded one imported case since April8 .

But Hong Kong and Taiwan now appear to have a much better handle on the outbreak. Hong Kong recorded no new cases Monday, and Taiwan recorded just two. Both also have a fraction of the confirmed infections. (1,025 in Hong Kong and 422 in Taiwan), despite having larger populations.

‘A cognitive blindspot’

An estimated 200,000 migrants workers live in 43 dormitories in Singapore, according to figures from the Ministry of Manpower. Most are from less wealthy nations like India and China, and are employed in low-wage jobs like construction, shipyard work and cleaning.

Between 12 and 20 workers typically live in one room, according to TWC2, a non-profit organization that supports migrant workers in Singapore. They share common facilities, like bathrooms and kitchens.

“The dormitories and management of the migrant workers have been a cognitive blindspot,” says Jeremy Lim, a professor and the co-director of global health at the National University of Singapore’s Saw Swee Hock School of Public Health.

Keep up to date on the growing threat to global health by signing up for our daily coronavirus newsletter.

“The dorms are structurally not able to provide for the social distancing that is necessary,” Lim, who also works with a local NGO to provide medical care to migrant workers, adds.

Over the last week, authorities have worked to move workers out of their dorms and into vacant public housing blocks, military camps and other accommodations.

Even though the number of infected migrant workers has surged, community-transmitted cases among Singaporeans has been declining, a sign that tough new measures involving the closure of schools, mandatory masking and other policies implemented earlier this month could be working.

But Singapore’s hard-won early victories could easily be undone by the outbreak rampaging through the migrant worker community, Lim warns.

“We are at a critical juncture,” he says. “If we cannot contain the dormitory or the migrant worker outbreaks, it will inevitably spill back into the general population because Singapore is just so small and compact.”

By Hillary Leung  April 20, 2020 7:15 AM EDT

Please follow my instagram: http://instagram.com/arminhamidian67

GM-980x120-BIT-ENG-Banner-1-1-1-1

Since the outbreak of Covid-19, a number of countries including Singapore have imposed increasingly stringent measures. Singapore announced that it will be further tightening its borders. All short-term visitors will no longer be allowed to enter or transit through Singapore from 11.59pm on March 23. This follows other measures including rigorous contact tracing, quarantine and home isolation orders, and stricter social distancing recommendations. In light of all these measures, how important is personal hygiene and cleanliness in dealing with Covid-19? #thebigstory #coronavirus #covid19 ——————– SUBSCRIBE ➤ http://bit.ly/FollowST ——————– WEBSITE ➤ http://www.straitstimes.com TWITTER ➤ https://www.twitter.com/STcom FACEBOOK ➤ https://www.facebook.com/TheStraitsTimes INSTAGRAM ➤ https://www.instagram.com/straits_times PODCASTS ➤ https://omny.fm/shows/st-bt/playlists The Straits Times, the English flagship daily of SPH, has been serving readers for more than a century. Launched on July 15, 1845, its comprehensive coverage of world news, East Asian news, Southeast Asian news, home news, sports news, financial news and lifestyle updates makes The Straits Times the most-read newspaper in Singapore.

Why Singapore, Once a Model for Coronavirus Response, Lost Control of Its Outbreak

1

A man walks along the corridor of Tuas South dormitory in Singapore on April 19, 2020. Roslan Raman—AFP/Getty Images

Singapore was once seen as a model for how to hold back the coronavirus. But now the tiny city-state, with a population of 5.6 million, has the most reported coronavirus cases in Southeast Asia.

On Monday, officials recorded a new daily record—more than 1,400 additional cases. The number of COVID-19 cases has increased more than two and a half times in the last week, with more than 8,000 total.

Experts say the surge, which began last week, is due largely to local officials underestimating the vulnerability of the city’s migrant workers, who live in cramped dormitories with up to 20 people to a room.

Just 16 of the new cases Monday were Singapore citizens or permanent residents. About three-quarters of all cases in Singapore are linked to the workers’ dormitories, according to official figures.

In the early months of the outbreak, Singapore’s response was praised—alongside those in Hong Kong and Taiwan—as a model for how to stop slow the spread of the coronavirus. The World Health Organization (WHO) commended Singapore, citing its widespread testing and comprehensive tracing of close contacts.

Singapore had also largely managed to quell a second wave of the virus, caused by students and other residents returning home from the U.S. and Europe. Authorities have only recorded one imported case since April 9.

But Hong Kong and Taiwan now appear to have a much better handle on the outbreak. Hong Kong recorded no new cases Monday, and Taiwan recorded just two. Both also have a fraction of the confirmed infections. (1,025 in Hong Kong and 422 in Taiwan), despite having larger populations.

‘A cognitive blindspot’

An estimated 200,000 migrants workers live in 43 dormitories in Singapore, according to figures from the Ministry of Manpower. Most are from less wealthy nations like India and China, and are employed in low-wage jobs like construction, shipyard work and cleaning.

Between 12 and 20 workers typically live in one room, according to TWC2, a non-profit organization that supports migrant workers in Singapore. They share common facilities, like bathrooms and kitchens.

“The dormitories and management of the migrant workers have been a cognitive blindspot,” says Jeremy Lim, a professor and the co-director of global health at the National University of Singapore’s Saw Swee Hock School of Public Health.

Keep up to date on the growing threat to global health by signing up for our daily coronavirus newsletter.

“The dorms are structurally not able to provide for the social distancing that is necessary,” Lim, who also works with a local NGO to provide medical care to migrant workers, adds.

Over the last week, authorities have worked to move workers out of their dorms and into vacant public housing blocks, military camps and other accommodations.

Even though the number of infected migrant workers has surged, community-transmitted cases among Singaporeans has been declining, a sign that tough new measures involving the closure of schools, mandatory masking and other policies implemented earlier this month could be working.

But Singapore’s hard-won early victories could easily be undone by the outbreak rampaging through the migrant worker community, Lim warns.

“We are at a critical juncture,” he says. “If we cannot contain the dormitory or the migrant worker outbreaks, it will inevitably spill back into the general population because Singapore is just so small and compact.”

By Hillary Leung  April 20, 2020 7:15 AM EDT

Please follow my instagram: http://instagram.com/arminhamidian67

GM-980x120-BIT-ENG-Banner-1-1-1-1

Since the outbreak of Covid-19, a number of countries including Singapore have imposed increasingly stringent measures. Singapore announced that it will be further tightening its borders. All short-term visitors will no longer be allowed to enter or transit through Singapore from 11.59pm on March 23. This follows other measures including rigorous contact tracing, quarantine and home isolation orders, and stricter social distancing recommendations. In light of all these measures, how important is personal hygiene and cleanliness in dealing with Covid-19? #thebigstory #coronavirus #covid19 ——————– SUBSCRIBE ➤ http://bit.ly/FollowST ——————– WEBSITE ➤ http://www.straitstimes.com TWITTER ➤ https://www.twitter.com/STcom FACEBOOK ➤ https://www.facebook.com/TheStraitsTimes INSTAGRAM ➤ https://www.instagram.com/straits_times PODCASTS ➤ https://omny.fm/shows/st-bt/playlists The Straits Times, the English flagship daily of SPH, has been serving readers for more than a century. Launched on July 15, 1845, its comprehensive coverage of world news, East Asian news, Southeast Asian news, home news, sports news, financial news and lifestyle updates makes The Straits Times the most-read newspaper in Singapore.

Antibody Test For COVID-19 Could Help To Control Virus Spread, Says Singapore Medtech Firm

Singapore’s Biolidics Limited is betting big on its COVID-19 rapid test kits after clearing regulatory hurdles from the health authorities in Singapore, the Philippines and the European Union.

The medtech company, which specializes in cancer treatment equipment and applications, has created a test kit that detects antibodies directed against the coronavirus that’s sweeping the world. Biolidics says the tests have an accuracy rate of 95% based on its clinical trial of 570 samples.

Instead of deep throat or nose swabs that are intrusive and typically require hours or even days before the results are known, Biolidics’ tests use blood samples and a small device that measures antibody response to the virus within 10 minutes.

The company cautions that their rapid test kit results should not be used as the sole basis for diagnosis or for confirmatory testing. The results need to be interpreted together with clinical examination and confirmed with supplemental testing. Meanwhile, Singapore’s Ministry of Health issued a document released to all registered medical practitioners on April 3 stating, “There is currently no role for COVID-19 serology rapid test kits in the diagnosis of COVID-19 infections.”

The Biolidics test checks the blood for antibodies and can identify who was previously infected and may have already developed immunity to the virus. To date, 1.5 million people worldwide have been infected by COVID-19, and 88,000 have died from the epidemic.

Shares of Biolidics have risen 29% since announcing it had received provisional authorization from Singapore’s Health Sciences Authority on March 30. The following day, the Department of Health in the Philippines authorized the use of the company’s rapid test kit for the detection of COVID-19. The EU gave its approval to market and sell the tests on April 3.

In the context of blood testing for antibodies, “the technologies are not new,” says Jeremy Yee, chairman of Biolidics. “It’s been around since 1961 and used as a tool for [testing] Ebola and other pandemics.” However, the publicly traded firm with a market cap of S$70 million ($49 million) has been quick to gain a leg up as one of the early movers.

The first batch of test kits are “on the plane from China to Singapore as we speak,” says Dr. Wang Qing-Yin, Biolidics chief operating officer and former principal scientist at the Novartis Institute for Tropical Diseases.

Yee estimates commissioning roughly two million COVID-19 test kits in the next two months from Nanjing-based Vazyme Biotech, a Chinese producer of enzymes and antibodies. “In terms of production, we are only essentially limited by our capital,” he says of temporarily reallocating resources meant for its cancer business to fund production costs.

While revenue for Biolidics rose 13.4% to S$1.4 million in 2019 from a year ago mainly driven by its cancer detection systems, the company is still in the red. But Yee expects sales of the new test kits to provide a major boost to earnings this year.

In the meantime, Biolidics is working to gain approval to sell its infectious disease diagnostic kits in other countries in Asia, and with the U.S. Food and Drug Administration’s Emergency Use Authorization.

Biolidics is a spin-off of Singapore’s publicly traded Clearbridge Health incorporated in 2009. In December 2018, the cancer diagnostics unit of Clearbridge listed on the SGX Catalist board as Biolidics, raising S$7.7 million representing 11.3% of the company. Clearbridge remains its biggest shareholder with a 24% stake followed by the government statutory board Enterprise Singapore under the Ministry of Trade and Industry, via its Seeds Capital fund holding a 11% stake. The company plans to expand into China and develop innovative diagnostic solutions to lower healthcare costs and improve clinical outcomes.

Follow me on Twitter or LinkedIn. Send me a secure tip.

Pamela covers entrepreneurs, wealth, blockchain and the crypto economy as a senior reporter across digital and print platforms. Prior to Forbes, she served as on-air foreign correspondent for Thomson Reuters’ broadcast team, during which she reported on global markets, central bank policies, and breaking business news. Before Asia, she was a journalist at NBC Comcast, and started her career at CNBC and Bloomberg as a financial news producer in New York. She is a graduate of Columbia Journalism School and holds an MBA from Thunderbird School of Global Management. Her work has appeared in The New York Times, Washington Post, Yahoo, USA Today, Huffington Post, and Nasdaq. Pamela’s previous incarnation was on the buy side in M&A research and asset management, inspired by Michael Lewis’ book “Liar’s Poker”. Follow me on Twitter at @pamambler

Source: Antibody Test For COVID-19 Could Help To Control Virus Spread, Says Singapore Medtech Firm

Please follow my instagram: http://instagram.com/arminhamidian67

%d bloggers like this: