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What to know about the Pfizer vaccine – CTV News

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PARIS, FRANCE —
Reports that one of the vaccines for COVID-19 has shown highly promising results are a ray of hope for a world in the shadow of surging virus cases.

But does it mean the pandemic is coming to an end? Not so fast, experts say, with many questions remaining about who it will protect and for how long.

On Monday American pharmaceutical giant Pfizer and its German partner BioNTech said that their vaccine candidate has been 90 per cent effective in preventing COVID-19 infections in ongoing Phase 3 trials.

One of dozens in development, it is based on innovative technology that has never been approved for use before.

While its apparent efficacy sparked intense excitement, with only partial data so far released, we don’t yet know how long it will last, whether it will protect the most vulnerable and how it could be distributed across the world.

90 PER CENT

Pfizer and BioNTech are basing their announcement on interim results from the last step in their clinical trial before making an application for approval.

They said that the vaccine was found to be “more than 90 per cent effective” in preventing participants from being infected.

This was based on 94 COVID-19 cases being found at this stage in the trial, which has enrolled 43,538 people.

But the announcement does not break down those figures to show how many infected patients were in the group that received the vaccine and how many were in the one that was given a placebo.

This points to the deeper issue that the results were distributed in a press release — sending stock markets surging — rather than in a detailed peer reviewed paper in a scientific journal.

“These results are extremely interesting,” said French virologist Marie-Paule Kieny, who leads research at Inserm and is a former director at the World Health Organisation.

“But we need to wait to see the data, which is not yet available,” she told AFP.

Other data is still being collected, notably on safety, although the firms said “no serious safety concerns” have been raised.

LONG-TERM PROTECTION?

Another unknown is how long the vaccine’s protection may last.

Effectiveness was measured seven days after patients received the final injection of the two-dose vaccine, 28 days after the initial jab.

This means we cannot yet know the duration of protection, Penny Ward, Visiting Professor in Pharmaceutical Medicine at King’s College London, told the Science Media Centre.

“Longer periods of follow up are required during an ongoing outbreak to determine need for repeated booster doses.”

With a view to possible authorisation by the United States Drug Agency (FDA), the two companies have indicated they will also publish results measured 14 days after the second injection.

Bruno Pitard, of France’s CNRS national scientific research centre, told AFP that one of the challenges is knowing how the effectiveness of the vaccine changes over time.

“After three weeks, then a month, then two, then three, then four, we will see if the protection is still the same,” he said.

WHAT DOES IT DO?

Does this vaccine stop people from catching COVID-19, or does it just reduce the severity of their symptoms? And can it prevent someone from spreading the virus?

There is no published data to tell us either way.

This is a crucial point, said Ward, because if a vaccine can protect against infections then we could theoretically ease the restrictive measures put in place to halt the virus’ spread.

If, however, it mainly reduces the risk of disease but not infection, then restrictions would be needed “until sufficient numbers of individuals have been vaccinated to protect those at most risk of needing hospital care or of dying from disease from becoming very unwell by catching the infection from a vaccinated, asymptomatically infected person.”

WHO DOES IT PROTECT?

After ten months we have a better idea of who those most at risk are.

Older people, men and those who have obesity, diabetes or hypertension are among those more likely to develop serious illness.

But Pfizer and BioNTech do not reveal whether their vaccine is effective for these vulnerable groups.

“In scientific publications, we see stratification of individuals, according to their age, the presence of comorbidities (underlying medical conditions), ethnic origin, etc,” said Pitard.

“Here we have none of that.”

WHO CAN HAVE IT?

The vaccine developed by Pfizer and BioNTech — along with another vaccine from U.S. firm Moderna — involves injecting the body with strands of genetic instructions called “messenger RNA”, which tell our cells how to fight the coronavirus.

One significant downside to these new messenger RNA vaccines is they must be stored at very low temperatures — in this case -70 degrees Celsius — although it can be kept in the fridge for up to five days.

The very low storage temperatures could pose a particular problem for poorer nations in the Global South, said Toby Peters, Professor of Cold Economy at the University of Birmingham.

“Nowhere on the planet does the logistical capacity exist to distribute vaccines at this temperature and volume without massive investment,” he said, adding that “we cannot allow this to become, by default, a divided solution” between haves and have-nots.

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Roots sees room for expansion in activewear, reports $5.2M Q2 loss and sales drop

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TORONTO – Roots Corp. may have built its brand on all things comfy and cosy, but its CEO says activewear is now “really becoming a core part” of the brand.

The category, which at Roots spans leggings, tracksuits, sports bras and bike shorts, has seen such sustained double-digit growth that Meghan Roach plans to make it a key part of the business’ future.

“It’s an area … you will see us continue to expand upon,” she told analysts on a Friday call.

The Toronto-based retailer’s push into activewear has taken shape over many years and included several turns as the official designer and supplier of Team Canada’s Olympic uniform.

But consumers have had plenty of choice when it comes to workout gear and other apparel suited to their sporting needs. On top of the slew of athletic brands like Nike and Adidas, shoppers have also gravitated toward Lululemon Athletica Inc., Alo and Vuori, ramping up competition in the activewear category.

Roach feels Roots’ toehold in the category stems from the fit, feel and following its merchandise has cultivated.

“Our product really resonates with (shoppers) because you can wear it through multiple different use cases and occasions,” she said.

“We’ve been seeing customers come back again and again for some of these core products in our activewear collection.”

Her remarks came the same day as Roots revealed it lost $5.2 million in its latest quarter compared with a loss of $5.3 million in the same quarter last year.

The company said the second-quarter loss amounted to 13 cents per diluted share for the quarter ended Aug. 3, the same as a year earlier.

In presenting the results, Roach reminded analysts that the first half of the year is usually “seasonally small,” representing just 30 per cent of the company’s annual sales.

Sales for the second quarter totalled $47.7 million, down from $49.4 million in the same quarter last year.

The move lower came as direct-to-consumer sales amounted to $36.4 million, down from $37.1 million a year earlier, as comparable sales edged down 0.2 per cent.

The numbers reflect the fact that Roots continued to grapple with inventory challenges in the company’s Cooper fleece line that first cropped up in its previous quarter.

Roots recently began to use artificial intelligence to assist with daily inventory replenishments and said more tools helping with allocation will go live in the next quarter.

Beyond that time period, the company intends to keep exploring AI and renovate more of its stores.

It will also re-evaluate its design ranks.

Roots announced Friday that chief product officer Karuna Scheinfeld has stepped down.

Rather than fill the role, the company plans to hire senior level design talent with international experience in the outdoor and activewear sectors who will take on tasks previously done by the chief product officer.

This report by The Canadian Press was first published Sept. 13, 2024.

Companies in this story: (TSX:ROOT)

The Canadian Press. All rights reserved.

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Talks on today over HandyDART strike affecting vulnerable people in Metro Vancouver

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VANCOUVER – Mediated talks between the union representing HandyDART workers in Metro Vancouver and its employer, Transdev, are set to resume today as a strike that has stopped most services drags into a second week.

No timeline has been set for the length of the negotiations, but Joe McCann, president of the Amalgamated Transit Union Local 1724, says they are willing to stay there as long as it takes, even if talks drag on all night.

About 600 employees of the door-to-door transit service for people unable to navigate the conventional transit system have been on strike since last Tuesday, pausing service for all but essential medical trips.

Hundreds of drivers rallied outside TransLink’s head office earlier this week, calling for the transportation provider to intervene in the dispute with Transdev, which was contracted to oversee HandyDART service.

Transdev said earlier this week that it will provide a reply to the union’s latest proposal on Thursday.

A statement from the company said it “strongly believes” that their employees deserve fair wages, and that a fair contract “must balance the needs of their employees, clients and taxpayers.”

This report by The Canadian Press was first published Sept. 12, 2024.

The Canadian Press. All rights reserved.

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Transat AT reports $39.9M Q3 loss compared with $57.3M profit a year earlier

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MONTREAL – Travel company Transat AT Inc. reported a loss in its latest quarter compared with a profit a year earlier as its revenue edged lower.

The parent company of Air Transat says it lost $39.9 million or $1.03 per diluted share in its quarter ended July 31.

The result compared with a profit of $57.3 million or $1.49 per diluted share a year earlier.

Revenue in what was the company’s third quarter totalled $736.2 million, down from $746.3 million in the same quarter last year.

On an adjusted basis, Transat says it lost $1.10 per share in its latest quarter compared with an adjusted profit of $1.10 per share a year earlier.

Transat chief executive Annick Guérard says demand for leisure travel remains healthy, as evidenced by higher traffic, but consumers are increasingly price conscious given the current economic uncertainty.

This report by The Canadian Press was first published Sept. 12, 2024.

Companies in this story: (TSX:TRZ)

The Canadian Press. All rights reserved.

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