these companies that have been working on vaccines who have reported things or there's of course gilliard durnan over vaccine no for now merck involved who is actually the front runner in all of this. you know it's a lot of mixed data here especially as all of them are in completely different stages of their respective clinical trials so this makes it a little bit difficult to gauge efficacy as each one is starting from a different level but all in all china is actually the one to be pulling ahead in the race to find a vaccine chinese research teams are accounting for 60 percent of vaccine candidates currently in human trials already now there are 2 over $224.00 vaccines in development around the world that's almost double that of the just a month ago and while the u.s. has the largest number of vaccine projects underway accounting for 49 percent of the world's total china is the furthest along in the development track 10 vaccines have progressed to learn in trials globally where 6 are chinese and this is the only country to have a candidate now firmly in phase 2 trials kristie want to ta

drugs does appear which has been shown to short recovery time for coping 1000 by up to 4 days well gilliard stock is up more than 13 percent year to date but had previously spiked much higher we will note that merck has also had some has seen no substantial gain this year but is mostly due to being a relatively late comer to the coronavirus vaccine race now with all this news that huge amounts of money is being made how close are we really to a vaccine that will allow life to return to normal so let's bring in the bus co-host christy i to break it all down now christy i want to get right to it what do. i need to know about all of these biotech and pharmaceutical companies making big bucks off the development of the vaccine despite not having a clear timeline for when we may actually have one when they may actually be working on a finalizing one for that matter. while the vaccine business is huge as we all know and the u.s. has spent nearly 700000000 of taxpayer money on chronic by research alone and that's more than any other country and so the way our system largely government grants exclu

you buy a year's supply you get through larry's this time last year the made grrr of gucci pills gilliard was facing a congressional hearing investigating the exorbitant price of their hiv drug truvada or perhaps treats and preventing hiv making it a manageable illness and stead of a death sentence but it was also so expensive only one in 10 patients in need could get it so the list price is almost $2000.00 the united states why is it $8.00 in australia. is still has patent protection in the united states and in the rest of the world it is generic i can't comment on the price you know of the generic medicines but it is generically available in other parts of the world why are we in the us paying retail prices what we invented cost go this is america it's $1.00 nation under a rebate but i guess not when it comes to drugs we are paying 350 times the price of australia for of life saving medication this is because of patent protections and what are we protecting these corporations from generics in other words competition this is who are pretty while fair we are shielding this corporation fro

share prices go up so much i mean presumably if they're not in it for the profits or the bonuses gilliard stock price should have shot up for rem disappear as a possible treatment for a coronavirus what were people share prices going up when actually this is just going to be free at the point of use i think that you're mixing up 2 things i mean these outward tech companies nobody can control the way that the animal spirits in the capital markets react to it to the news that they found something not the other that is to separate them from saying we got to that scene of vaccines and say look you know this is now a global public good which we're going to work with us not about profit and we're going to make sure everybody has access if there's still one person who has 1000 if there is a bone. ability in the world everybody's at risk because we know that given day to connect ness of the world we all gone rebel it's going to spread again so we need to save lives that's the paramount and i think all that tangled in the development of these that since will come to the table are that object so it

that's right this is taxpayer funded research and then invariably you get a private company a mirka gilliard whoever might be they get patents and then they charge ridiculous prices for drugs that would otherwise be cheap no. in the case of the pen demick we're seeing a massive amount of open source which is fantastic so we're having research teams in london and korea other places around the world they're posting their results with the idea that other other researchers will benefit from them so they're not going to get patents they're not going to get rich from it they're going to post their results others will benefit from them they're getting paid these are mostly people getting paid through the government directly or indirectly so they're getting their paychecks but they are going to get rich by having a patent getting a really high price but you still have companies in the united states gilead sciences which has a patent on run severe which is some evidence is effective in treating the qur'an a virus that they're hoping to make a huge fortune on that so this should be a huge battle becau

of interest involved a very senior official in the us health department is a former lobbyist for gilliard science the company that produces this particular drug and also one must ironically that the trumpet ministration was suing science only in the last year for price gouging on another off its drugs that it produced so certainly there are a lot of issues here both pertaining to the if you can see of the drug and also a possible conflict of interest involved with the mass production of the drug at this particular point mike hanna reporting let's talk to dr gregory poland he's editor in chief of the journal vaccine and director of the mayo clinic vaccine research group he joins us from rochester minnesota dr poland welcome to this is an emergency treatment drug how good do we want it to be. you know there were you know i think we have to remember this is the very 1st one it's a new drug being used for this and you've showed i would call it a bright spot in the search just what 90 days after being notified of this of a drug it looks like it's got very promising results it's an emergency tr

of interest involved a very senior official in the us health department is a former lobbyist for gilliard science the company that produces this particular drug and also one must ironically that the trumpet ministration was suing science only in the last year full price gouging on another of its drugs that it produced so certainly there are a lot of issues here both pertaining to the efficiency of the drug and also a possible conflict of interest involved with the mass production of the drug at this particular point and mike the world health organization talking don't mr trump's theories on the where the virus originated from where it originally came from but the white house doubling down on that debate as well. well indeed the president has been somewhat schizophrenia can recent weeks with his attitude towards china on a number of occasions praising the chinese president to in particular saying that he has done a great job within china in combating the pen demick in recent days attacking china very strongly saying this week that he had seen evidence that the virus was produced in the chi

of interest involved a very senior official in the us health department is a former lobbyist for gilliard science the company that produces this particular drug and also one must ironically that the trumpet ministration was suing science only in the vendor last year for price gouging on another off the drugs that it produced so certainly there are a lot of issues here both pertaining to the if we can see of the drug and also a possible conflict of interest involved with the mass production of the drug at this particular point well the world health organization meanwhile has been speaking about the origins of the corona virus the w.h.o. chief was asked about speculation from the likes of president donald trump that it was created in a chinese lab. we have listened again and again numerous scientists who've looked at the sequences looked at this wireless and we are assured this wireless is natural in origin and what is important is that we establish what that natural host for this virus is. and that and the primary purpose of doing that is to ensure that we understand the virus more we unde

everyone uses electronic credit, it's easy to deny people access to credit and she easily envisions gilliard of systems around monetary systems and coeron. the scene from the show is based on thealfred in the background sees oranges for the firms time in years and she's not been given money for oranges, only for other things. there's no way to accumulate value for herself. issued money good for one specific purpose in a way that makes it so she can be tracked, monitored and controlled. and responses were not slow in coming to this. this is the first big why of why eate digital cash and it's to fht those exact fears of surveillance that electronic transactions porteed for the future. this is where we s the work of people like david cham, who is trying to build nothing less, as he says, than transaction systems to make big brother obsolete. his project, what he called digicash to make it as easily to withdraw digitally or physically. if you withdraw it, cash in hand, and there is theoretically no way to conct the notes that you have withdrawn to your particular identity as their withdrawer. yo

of interest involved a very senior official in the us health department is a former lobbyist for gilliard science the company that produces this particular drug and also one must ironically that the trumpet ministration was suing science only in the bend the last year for price gouging on another off the drugs that it produced so certainly there are a lot of issues here both pertaining to the if we could see off the drug and also a possible conflict of interest involved with the mass production of the drug at this particular point the world health organization says it doesn't believe the corona virus was manmade after the u.s. president trumps claims that he's seen evidence that came from a lab in the chinese city of. the north korean state media is saying kim jong un has made his 1st public appearance in almost 3 weeks these images reportedly show the leader opening a fertilizer factory rumors have been swirling about his health and even his possible death it's also been speculated that china sent a team of doctors to treat him after a heart procedure had gone wrong canada is banning ass