Fujifilm Shares Skyrocket As China Says Its Flu Medicine Works For Coronavirus

[Tyr-Ziu Saxnot]

Business
Fujifilm Shares Skyrocket As China Says Its Flu Medicine Works For Coronavirus
Neer Varshney
BenzingaMarch 18, 2020, 4:03 AM CDT

The shares of FUJIFILM Holdings Corporation (OTC: FUJIY) hit their daily permissible high limit on Wednesday's open in Tokyo.

What Happened

The massive jump in an otherwise bearish market came as China suggested that an influenza medicine developed by subsidiary FUJIFILM Toyama Chemical Co. Ltd. is also effective against the novel coronavirus (COVID-19).

"It has a high degree of safety and is clearly effective in treatment," the director of the Chinese science ministry's China National Center for Biotechnology Development, Zhang Xinmin said, according to the Nikkei Asian Review.

Japan has been administering the medicine to coronavirus patients since February, The Nikkei noted. Toyama Chemical developed the drug, sold under the brand name Avigan, in 2014 as a medicine to combat the flu.

Why It Matters

Zhejiang Hisun Pharmaceutical Co Ltd, which signed a patent-licensing agreement with Fujifilm for the generic drug Favipiravir, received approval from Chinese authorities in February to conduct clinical trials for effectiveness against COVID-19, as reported by Reuters at the time.

About 200 patients at hospitals in Chinese cities of Wuhan and Shenzhen are said to have participated in the trials, according to the Nikkei.

The spread of the coronavirus has slowed down drastically in China to double-digits, with a total of 81, 086 cases, according to data from Johns Hopkins University. More than 3,200 people have died from COVID-19 in China, and another 4,713 have died outside the country.

Price Action

Fujifilm's shares traded 15.43% higher at $48.94 in Tokyo at press time on Wednesday. The shares closed 19.51% higher at $47.90 in the otc market on Tuesday.
Lets see if this new development , this positive new drug use, gets the raging treatment that the worldwide fear promoting campaign has gotten..
Since it is not a positive towards giving governments seeping new powers to take away freedoms, I suspect that it will not get such 24/7 screaming coverage. --Tyr

[Abbey Marie]

This sounds very promising. Thanks for posting it, Tyr.
A light at the end of the tunnel, pray God.

[High_Plains_Drifter]

How CONVENIENT for China... release a deadly novel virus, and then say you have the only known cure for it... nothing suspicious about that... :rolleyes:

[Abbey Marie]

How CONVENIENT for China... release a deadly novel virus, and then say you have the only known cure for it... nothing suspicious about that... :rolleyes:

I wouldn’t even trust the Chinese govt to handle my trash. But they have had the ability to work on this longer than anyone else.

What good comes from suspecting the worst at this point? Let’s think positively.

[Kathianne]

I wouldn’t even trust the Chinese govt to handle my trash. But they have had the ability longer to work on this longer than anyone else.

What good comes from suspecting the worst at this point? Let’s think positively.

I suspect the worst in their honesty, doesn't mean I don't want the scientists here to look into what they've come up with or the FDA to test. If good, fine.

[Kathianne]

https://pjmedia.com/trending/study-reveals-how-deadly-chinas-coronavirus-cover-up-was/


Study Reveals How Deadly China’s Coronavirus Cover-Up Was
BY MATT MARGOLIS MARCH 19, 2020
...

[Kathianne]

More:

https://legalinsurrection.com/2020/03/report-china-destroyed-evidence-of-wuhan-coronavirus-in-december/


Report: China Destroyed Evidence of Wuhan Coronavirus in December
Comments Permalink



Posted by Leslie Eastman Thursday, March 19, 2020 at 9:00am
Wuhan Virus Watch: Timeline supports designation of pathogen as “Chinese Virus,” despite press outrage.

My daily update must start with the revelation by an independent, investigative journalism team at Caixin Global.


The team discovered that Chinese scientists destroyed proof of research involving the novel coronavirus that is now spreading at pandemic levels.






An article published by the Times of London indicates that Chinese authorities have been deleting the stories from the internet.


Chinese laboratories identified a mystery virus as a highly infectious new pathogen by late December last year, but they were ordered to stop tests, destroy samples and suppress the news, a Chinese media outlet has revealed.


A regional health official in Wuhan, centre of the outbreak, demanded the destruction of the lab samples that established the cause of unexplained viral pneumonia on January 1. China did not acknowledge there was human-to-human transmission until more than three weeks later.


The detailed revelations by Caixin Global, a respected independent publication, provide the clearest evidence yet of the scale of the cover-up in the crucial early weeks when the opportunity was lost to control the outbreak.




The Times of London continues, noting that despite warnings being given through December about the severe nature of the contagion, on Jan. 3, the National Health Commission, China’s top medical authority, issued a gag order.


Laboratories were told not to release any information and to hand over or destroy the samples.


When a CDC team was sent to Wuhan on January 8, it was deliberately not informed that medical staff had already been infected by patients — a clear confirmation that the disease was contagious.


Caixin Global prepared a summary of 10 of its coronavirus posts. As a sample, one featured the gag orders implemented by China’s government.


It’s now clear that despite dire warnings from frontline doctors, hospital managers and city health officials implemented gag orders, forbade doctors to share information with the public and ordered biotech companies to stop testing. Authorities burdened the process of filing cases to the national contagious disease alert system with enough red-tape to render the system nearly ineffective. They also withheld critical information on person-to-person transmission of the virus when three teams of medical experts were sent from Beijing to investigate.


This delayed the response by several weeks, allowing the best window for containing the virus to close. During this period, the virus ran rampant in Wuhan and then spread around the country as people returned to their hometowns for holiday celebrations.


Additionally, Axios has put together a detailed timeline that clearly demonstrates China’s early actions led to the virus spreading around the globe. Some of the dates cited:

...