 | FRI, FEB 21, 2020 | | | | Sanofi joins virus vaccine race | Amazon Care is live for Seattle employees | | | | Think a friend or colleague should be getting this newsletter? Share this link with them to sign up.
The COVID-19 coronavirus continues to make headlines as cases grow. U.S. hospitals are buckling down for a possible pandemic, as is the FBI. Not many trust China's numbers on the outbreak there, least of all the White House. The health-care industry is stepping up with French drugmaker Sanofi working to develop a vaccine. Chrissy Farr also has the details on Amazon's new virtual medical service for employees.
There's a lot this week in health care and pharma news. Keep submitting your thoughts if there's something you're curious about to CNBC Health Editor Dawn Kopecki at dawn.kopecki@nbcuni.com.
| | Sanofi joins the coronavirus vaccine race, while AstraZeneca warns of virus impact | Despite major concerns over drug supply due to the coronavirus, AstraZeneca was the first pharmaceutical company to warn of a potential dent to financial results. CEO Pascal Soriot told us on Squawk Box the problem is more one of demand than of supply, saying the epidemic has created a disruption in the way health care is delivered in China. Meanwhile, Sanofi said it was partnering with the U.S. government to develop a potential vaccine for the virus. Its timelines, vaccines head David Loew told us on our coronavirus special report, put it on pace with Johnson & Johnson: a year to human trials, potentially three to four years to a licensed product. That's only if, he said, COVID-19 becomes a pandemic – otherwise, that long from now, there would be no circulating virus to protect against.
-Meg Tirrell | | | | IMF chief: coronavirus outbreak is the 'most pressing uncertainty' for global economy | International Monetary Fund head Kristalina Georgieva on Wednesday described the COVID-19 outbreak as the "most pressing uncertainty" facing the world economy right now. The international health emergency that "we did not anticipate in January" now threatens to derail global economic growth that was already under pressure from a global trade war and Brexit, she wrote in a post on the IMF's website. The virus has already slowed China's economic growth this year, Georgieva said, just how much depends on efforts by world leaders to contain the fast-spreading outbreak. She warned that a long-lasting outbreak would have significant consequences for the Chinese and global economies. "Its global impact would be amplified through more substantial supply chain disruptions and a more persistent drop in investor confidence, especially if the epidemic spreads beyond China," she wrote.
-Will Feuer | | | | US hospitals prepare for potential global pandemic | The CDC has been working with U.S. hospitals to prepare for a possible pandemic outbreak in the United States. The COVID-19 threat comes at an already busy time for most hospitals. Another serious respiratory illness, the seasonal flu, is at its peak, with more than 26 million cases and many hospitals stretched thin. A larger spread of the new virus across the U.S. could overwhelm emergency rooms and quickly cause supply shortages of face masks and other crucial medical supplies, according to half a dozen interviews with doctors, U.S. hospitals and health systems.
-Berkeley Lovelace Jr. | | | | Amazon Care is officially live for Seattle employees | Amazon's virtual medical service is available as of this week to Amazon employees and their dependents working out of its corporate headquarters. The company confirmed to CNBC that the service is now live via the employee benefits portal. Amazon Care offers virtual medical visits, and an app to schedule an in-person followup consult to the home if needed. Amazon hasn't ruled out rolling out the service more broadly, if it can effectively bring down primary care costs for its own workers.
-Chrissy Farr | | | | The White House doesn't trust China's coronavirus numbers | China's case counts swung wildly over the last week as it changed its methodology for reporting confirmed cases, raising questions about the accuracy of its data. The White House does "not have high confidence in the information coming out of China" regarding the count of coronavirus cases, a senior administration official told CNBC last week. Meanwhile, China has reportedly been reluctant to accept help from the Centers for Disease Control and Prevention, and has reportedly suppressed information about the outbreak from scientists that it deems alarming. White House advisor Peter Navarro called China a "disease incubator."
-Berkeley Lovelace, Will Feuer | | | | The FBI just ordered $40,000 in hand sanitizer and face masks | The FBI placed an order for $40,000 of hand sanitizer and face masks "in case the coronavirus becomes a pandemic in the United States," according to the acquisition document. The FBI's "pandemic preparedness" supply order calls for face masks from manufacturer 3M and disinfectants, including hand sanitizer, from PDI Healthcare, the document said. In its purchase order placed Feb. 14, the FBI said it needs to have those items on hand (and by today) if the coronavirus, or COVID-19, spreads widely throughout the U.S.
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