Malaria scientist celebrates success after 24 years


“There were many ups and downs, and moments over the years when we thought ‘Can we do it? Should we continue? Or is it really just too tough?,” he told Reuters, as data showing the success of his RTS,S vaccine were unveiled at an international conference on malaria.”But today I feel fabulous. This is a dream of any scientist — to see your life’s work actually translated into a medicine … that can have this great impact on peoples’ lives. How lucky am I?”Final stage clinical trial data on RTS,S, also known as Mosquirix, showed it halved the risk of African children getting malaria, making it likely to become the world’s first successful vaccine against the deadly disease.While scientists say it is no “silver bullet” and will not end the mosquito-borne infection on its own, it is being hailed as a crucial weapon in the fight against malaria and one that could speed the path to eventual worldwide eradication.Malaria is caused by a parasite carried in the saliva of mosquitoes. It kills more than 780,000 people per year, most of them babies or very young children in Africa.Cohen’s vaccine goes to work at the point when the parasite enters the human bloodstream after a mosquito bite. By stimulating an immune response, it can prevent the parasite from maturing and multiplying in the liver.Without that immune response, the parasite re-enters the bloodstream and infects red blood cells, leading to fever, body aches and, in some cases, death.Although Cohen’s scientific work has been largely in Belgium, where he runs a GSK laboratory, the final-stage trials of RTS,S were conducted in Africa, where malaria hits hardest.With GSK working in partnership with the non-profit PATH Malaria Vaccine Initiative (MVI), the trials became Africa’s largest-ever medical experiment as the vaccine was tested in around 16,000 children across seven countries.Cohen said that if all goes to plan, RTS,S could be licensed and rolled out by 2015.SOUL SEARCHINGAs he looks back at the vaccine’s long, slow development, the bearded 68-year-old molecular biologist laughs at how naive he was when he first agreed to take on the task.It was April 1, 1987 when his boss at the drug company, then called Smith, Kline & French, asked him to be head of the malaria vaccine research program, just after an early-stage experimental vaccine and failed a test.”Unfortunately, it was not a great success. Only one volunteer out of the several that were vaccinated was actually protected. So, after quite a bit of optimism, there was then quite a bit of soul searching,” Cohen said.”I did not actually know much about malaria, apart from about the enormous medical burden it represented. But I felt I was taking on an enormous scientific challenge, and that was exciting for a relatively young scientist.”Having come from academia and post-doctorate studies into what he said were “sometimes esoteric questions” of molecular biology, he was also attracted by the prospect of doing something “very meaningful” in terms of global health.Getting on for a quarter of a century later, Cohen said he had “never dreamed it would take this long.”He was also careful to underline that this was a first step, as well as a world first. GSK, MVI and several other research groups and drug firms are already working on next generation vaccines and on other ways of making malaria shots they hope will better the roughly 50 percent success rate of RTS,S.”The work is not over, that is for sure,” Cohen said.

@7 months ago
#Malaria #scientist #celebrates #success #after #24 #years 

Clinging to hope in bear-bitten Russia


Poor Russia. After spending six months as the world’s best performing emerging market, the Moscow bourse  has been the big loser of this month’s rout – year-to-date returns of over 10 percent until mid-July have since dissolved in a sea of red, with a plunge of over 20 percent since the start of August. As oil prices fell and the outlook for U.S. and European growth darkened, overweight positions in Russia halved versus July, a survey by Bank of America/Merrill Lynch showed this week. But get this — Russia remains among investors’ main emerging market punts and only Indonesia is more favoured, according to the BoA/ML poll. The reason is that fund managers are still clinging to hopes that an increasingly wealthy Russian consumer will save the day. Unfortunately those hopes are yet to materialise. Returns on domestic demand-based stocks such as Sberbank, carmaker Avtovaz and supermarket chain Magnit have been even more disappointing this year than the broader Moscow market. Even the staunchest Russia bull will have been disappointed with data showing Russia’s economy grew at just 3.4 percent in the second quarter of the year.  That proves the economy was running out of steam even before the August oil price fall and suggests that the Russian consumer is not yet stepping up to the mark. Retail data since then have been more heartening — annual sales rose 5.6 percent in July from 3 percent in June. So which way could Russia go? Some like Russian investment house Aton say another 20-25 percent stock market drop cannot be ruled out if the global economy goes into a tailspin. That sounds overly pessimistic – - as UBS analysts point out the global macro backdrop and the oil price outlook do not look nearly as bad as 2008. Chinese growth too is holding up well.  Three things are in Russia’s favour. One is that prices for oil, the mainstay of the Russian economy, remain over $100 a barrel –  that should allow the government to keep spending ahead of elections.  Second, most other emerging markets look uglier. Stocks in fellow-BRIC India may have fared better during the August selloff but the picture is far from rosy. Growth is slowing, as testified by factory expansion that fell for the third straight month in July and car sales that are down for the first time in over two years.  The central bank remains uber-hawkish.  Little surprise then that the BoA survey showed India to be investors’ least favoured market. The clincher could be valuations. Russian stocks, always cheap, are even cheaper after the selloff, trading at just 5  times forward earnings — almost half the emerging markets average. For that reason, John Lomax, HSBC‘s chief emerging equity strategist reckons the current market dip is a buying opportunity. The market will recover if fears of a U.S. double-dip recession prove unfounded, he says.

@7 months ago with 14 notes
#Clinging #to #hope #in #bearbitten #Russia 

CORRECTED-(OFFICIAL)-Argentina says Pirelli to build new plant


The company later said in a statement it would invest $300 million in the plant from 2012 to 2014 and planned to invest another $200 million after that to expand its capacity further. It did not say when it planned to invest the $200 million.

@7 months ago with 55 notes
#CORRECTED(OFFICIAL)Argentina #says #Pirelli #to #build #new #plant 

Clinging to hope in bear-bitten Russia


Poor Russia. After spending six months as the world’s best performing emerging market, the Moscow bourse  has been the big loser of this month’s rout – year-to-date returns of over 10 percent until mid-July have since dissolved in a sea of red, with a plunge of over 20 percent since the start of August. As oil prices fell and the outlook for U.S. and European growth darkened, overweight positions in Russia halved versus July, a survey by Bank of America/Merrill Lynch showed this week. But get this — Russia remains among investors’ main emerging market punts and only Indonesia is more favoured, according to the BoA/ML poll. The reason is that fund managers are still clinging to hopes that an increasingly wealthy Russian consumer will save the day. Unfortunately those hopes are yet to materialise. Returns on domestic demand-based stocks such as Sberbank, carmaker Avtovaz and supermarket chain Magnit have been even more disappointing this year than the broader Moscow market. Even the staunchest Russia bull will have been disappointed with data showing Russia’s economy grew at just 3.4 percent in the second quarter of the year.  That proves the economy was running out of steam even before the August oil price fall and suggests that the Russian consumer is not yet stepping up to the mark. Retail data since then have been more heartening — annual sales rose 5.6 percent in July from 3 percent in June. So which way could Russia go? Some like Russian investment house Aton say another 20-25 percent stock market drop cannot be ruled out if the global economy goes into a tailspin. That sounds overly pessimistic – - as UBS analysts point out the global macro backdrop and the oil price outlook do not look nearly as bad as 2008. Chinese growth too is holding up well.  Three things are in Russia’s favour. One is that prices for oil, the mainstay of the Russian economy, remain over $100 a barrel –  that should allow the government to keep spending ahead of elections.  Second, most other emerging markets look uglier. Stocks in fellow-BRIC India may have fared better during the August selloff but the picture is far from rosy. Growth is slowing, as testified by factory expansion that fell for the third straight month in July and car sales that are down for the first time in over two years.  The central bank remains uber-hawkish.  Little surprise then that the BoA survey showed India to be investors’ least favoured market. The clincher could be valuations. Russian stocks, always cheap, are even cheaper after the selloff, trading at just 5  times forward earnings — almost half the emerging markets average. For that reason, John Lomax, HSBC‘s chief emerging equity strategist reckons the current market dip is a buying opportunity. The market will recover if fears of a U.S. double-dip recession prove unfounded, he says.

@7 months ago with 30 notes
#Clinging #to #hope #in #bearbitten #Russia 

Russia quake halts Transneft oil shipments to China


The U.S. Geological Survey said the 6.1 magnitude earthquake struck at 0610 GMT on Friday in Russia’s Amur region, about 5,150 km (3,200 miles) east of Moscow and 210 km (130 miles) north of Heilongjiang, China.Russian authorities said there were no casualties or significant property damage.

@7 months ago with 44 notes
#Russia #quake #halts #Transneft #oil #shipments #to #China 

Seoul shares gain for fifth straight session


SEOUL Oct 12 (Reuters) - Seoul shares reversed earlier falls to end up on Wednesday, posting a fifth consecutive session of gains supported by solid rises in automakers and brokerages including Hyundai Motor and Woori Investment & Securities .Despite Slovakia blocking a European bailout fund, the market largely viewed that as a minor setback, with analysts saying that overall rescue efforts in the troubled euro zone were not likely to be thwarted.”Policy expectation is still brewing and I do not think anyone seriously believes that rescue actions would be stalled because of Slovakia,” said Park Suk-hyun, a market analyst at KTB Securities.The parliament of tiny Slovakia rejected the expansion of a bailout fund to rescue the euro zone from its debt crisis on Tuesday, but international lenders said they were likely to grant a loan to Greece next month, buying time for a broader response.Foreign investors were buyers of a net 10.4 billion Korean won ($8.9 million) worth of stocks. Institutions purchased a net 218.2 billion won worth, buying for a fifth consecutive session.The Korea Composite Stock Price Index (KOSPI) ended up 0.81 percent at 1,809.50 points.Automakers and auto parts manufacturers outperformed amid expectations for the approval of a free trade agreement with the United States.A U.S. Senate panel on Tuesday backed long-delayed trade pacts with South Korea, Colombia and Panama, paving the way for final approval.Hyundai Motor added 1.47 percent and Hyundai Mobis rallied 4.33 percent.Substantial gains in brokerages gave the market further support.Shares in Woori Investment & Securities ended up 5.91 percent and Samsung Securities rose 4.14 percent.Shares in SK Securities jumped 4.42 percent after the Korea Exchange asked the brokerage to clarify rumours top shareholder SK Networks was looking to sell its 22.7 percent stake in the firm.”Shares reacted positively over an expectation of a potential sales premium,” said Chung Bo-seung, an analyst at Hanwha Securities.An SK Securities spokesman contacted by Reuters dismissed the talk as “groundless.”Shares in talent agency SM Entertainment Co Ltd spiked 9.72 percent on local media reports that its star group Girls Generation planned to debut in the United States.SM Entertainment could not be reached for a confirmation.Shares in firms with interests in North Korea were buoyed after South Korea said on Tuesday it would allow 120 firms to restart building a joint industrial park in the North.Apparel manufacturer Shinwon Corp , which has production units in North Korea, climbed 1.27 percent.But retailers came under pressure after discouraging job data. South Korea created the smallest number of jobs in a year in September, nudging the unemployment rate higher off a three-year low and adding to signs of a slowdown in Asia’s fourth-largest economy.Shares in Lotte Shopping Co Ltd , the country’s top retailer in terms of market value, declined 2.16 percent.Elsewhere, airlines and tour issues were hurt as the local won currency turned weak.A weaker won dampens demand for overseas tours and makes the cost of importing jet fuel more costly.Shares in Korean Air Line fell 1.77 percent and Hana Tour finished flat.The KOSPI 200 spot index gained 0.79 percent to 236.66 points and the junior Kosdaq market rose 1.87 percent to 467.65 points.Move on day +0.81 percent12-month high 2,231.47 27 April 201112-month low 1,644.11 26 September 2011Change on yr -11.77 percentAll-time high 2,231.47 27 April 2011All-time low 93.10 6 January 1981 ($1 = 1164.550 Korean Won)

@7 months ago
#Seoul #shares #gain #for #fifth #straight #session