Superbakterierna: Därför är det så svårt att stoppa den "tysta pandemin"

Superbakterierna: Därför är det så svårt att stoppa den "tysta pandemin"

Redan idag ligger antimikrobiell resistens bakom miljontals dödsfall, och prognosen är att situationen bara kommer att bli värre, skriver Financial Times. Antimikrobiell resistens innebär att en mikrob – till exempel svamp, virus eller bakterie – kan överleva exponering för ett läkemedel som normalt skulle döda den eller stoppa dess tillväxt. Antibiotikaresistens är kanske det mesta kända exemplet. Samtidigt saknas det incitament för läkemedelsindustrin att försöka lösa problemet, skriver tidningen. Antimicrobial resistance already kills millions and is projected to get worse. But there is little incentive for Big Pharma to tackle the issue By Hannah Kuchler August 28, 2023 In the summer of 2021, researchers at MIT and McMaster University in Canada fed an algorithm 7,000 chemical compounds in the hope that it would identify one that could kill Acinetobacter baumannii. Described by Jonathan Stokes, one of the scientists involved, as a “notoriously challenging” pathogen, strains of Acinetobacter have become resistant to antibiotics over the past few decades, allowing them to prey on weakened hospital patients and leaving doctors powerless to treat them. It took just an hour and a half — a long lunch — for the AI to serve up a potential new antibiotic, an offering to a world contending with the rise of so-called superbugs: bacteria, viruses, fungi and parasites that have mutated and no longer respond to the drugs we have available. After the AI identified the compound, the researchers refined it to make it more powerful. Then they tested it in mice, finding it could suppress the bacteria in wound infections. (Compared to traditional methods, the algorithm is better at finding compounds that work in animals; it has already found several other candidates.) It will take years to test the drug in humans and find out if the AI really has hit gold. But Stokes is enthusiastic. “I’m really excited about this compound. I love this compound,” he says. Antimicrobial resistance (AMR) — which encompasses all microbes and not just bacteria, which are targeted by antibiotics — is sometimes referred to as a “silent pandemic”. Resistant pathogens killed 1.26mn people in 2019, according to an analysis published in the medical journal The Lancet. “All of modern medicine is upheld by our ability to control infectious disease. If we can’t control infection, we can’t administer chemotherapy, do invasive surgery, and preterm birth becomes really, really challenging and risky,” Stokes says. The problem is getting worse with time. In 2016, a UK review led by Lord Jim O’Neill, an economist and former Goldman Sachs banker, forecast the number of annual deaths from antimicrobial resistance would rise to 10mn by 2050 — approximately the number of people who currently die from cancer. But based on more recent data, he now believes that up to twice as many could die. The pharmaceutical industry and governments are failing to invest enough in replacing the older antibiotics with newer drugs that bacteria aren’t resistant to, risking crises where clinicians — whether they are treating one patient or a pandemic — find the medicine cabinet is in effect bare. Technologies such as AI could help combat resistance by cutting the time and cost of the initial phase of drug discovery, while portable genomic sequencing technology could help doctors choose the right antibiotic for each pathogen in the clinic or hospital. But even when a promising new antibiotic is discovered, it enters a broken market. To avoid spurring yet more resistance, new antibiotics should be used sparingly, so they are unlikely to be bestsellers for drug companies. Governments and health systems accustomed to cheap generic antibiotics will not spend enough on novel drugs to make antibiotic development pay off. The cost of bringing a new antibiotic to market is approximately $1.5bn. Few venture capitalists or large drugmakers want to fund the costly clinical trials required by regulators. Investors have lost about $4bn on biotechs developing antibiotics, according to the impact investor the AMR Action Fund. The start-ups have either gone bankrupt, been sold off cheap, or pivoted to more lucrative areas. As with climate change and future pandemics, no one is taking enough responsibility for the ever-present global threat of antimicrobial resistance, scientists say. The UK, US and EU are working on ways to incentivise drugmakers to create better antibiotics, but so far, their efforts have lacked co-ordination and urgency. O’Neill says the Covid-19 pandemic demonstrated how “devastating” uncontrolled infectious disease can be. But as people try to return to normality, he says it has become a “tough sell” for policymakers to “bombard people with dreadful views of the future all the time”. “Unless it gets on the 10 o’clock news, one of the top stories each day of the week, which policymakers are really going to put it right at the top of the agenda, including putting money behind it as needed? And the answer is, I can’t think of any,” he says. When British scientist Sir Alexander Fleming gave his acceptance speech for winning the 1945 Nobel Prize for discovering penicillin, he warned of the dangers of rising resistance. “The time may come when penicillin can be bought by anyone in the shops. Then there is the danger that the ignorant man may easily underdose himself and by exposing his microbes to non-lethal quantities of the drug make them resistant,” he said. Fleming had foresight. Overuse of antibiotics is a large contributor to antimicrobial resistance, particularly in the developing world where the drugs are often available without a prescription, and in the US, where doctors frequently prescribe them for infections that may not be caused by bacteria, such as a cold. Even in the UK, where the NHS is more cautious about doling out prescriptions, the former health secretary Thérèse Coffey admitted handing leftover antibiotics to her friends. The more bacteria are exposed to antibiotics, the more they evolve ways to avoid their killing mechanisms and survive. As well as overprescription in humans, bacteria are exposed to antibiotics in the food supply chain, where animals are pumped with the drugs to avoid disease in cramped conditions and, in some cases, to boost their growth. Other factors are emerging: a separate recent study in The Lancet also suggested that air pollution may be a vector for superbugs, as resistance rises in tandem with levels of small particulate matter. But even clinicians who are aware of the problem, and want to give antibiotics in a more targeted way, struggle because of a lack of diagnostics — tests that can identify precisely what the pathogen is. They tend to rely on so-called broad spectrum antibiotics, which should be able to tackle a range of bacteria, but have the serious side effect of building resistance even in bacteria they are not targeting. At London’s St Thomas’s hospital, on the banks of the river Thames, microbiologists are trialing a new approach to speed up diagnosis and alert doctors to when their patient has bacteria that may be resistant to an antibiotic. Instead of waiting three to five days for scientists to grow the bacteria in a Petri dish and examine it under a microscope, they are using a genomic sequencer developed by Oxford Nanopore. The size of a printer, it can give its first view on what the pathogen is within half an hour, and a full report in two hours. Previously the reports from the microscope observations had been “close to being completely unhelpful”, says Jonathan Edgeworth, a consultant microbiologist at St Thomas’s and the vice-president of medical affairs at Nanopore. They were viewed by doctors as a public health tool to track disease, not diagnose it. Now, they can use the sequencer to select the right treatment, and eventually, the data could also point drugmakers to which resistant pathogens to target and how. Ian Abbs, chief executive of the hospital’s trust, says they have already seen an impact in intensive care patients, where the potential financial savings of treating patients more quickly are significant. “Each day costs about £2,500, depending on the complexity of the patient. For my sickest patients, it could be £10,000,” he says. The scheme is being expanded to five other hospitals and Abbs hopes to quickly spread it across the NHS. Incentivising research To keep research labs open and looking for new antibiotics, philanthropists and impact investors have tried to fill the gap that venture capitalists have left. In 2016, a US-based consortium called CARB-X launched with government and foundation money to accelerate development of new antibiotics, vaccines and rapid diagnostics. That year, the World Health Organization and the Drugs for Neglected Diseases Initiative created GARDP, a partnership to accelerate the development of treatments for drug-resistant infections. In 2020, drugmakers invested about $1bn in the AMR Action Fund, aiming to launch two to four new antimicrobials in the next decade. The researchers at McMaster and MIT have given their potential drug to Phare Bio, a social venture that has raised $25mn from The Audacious Project, which combines funding from TED (of TED Talks fame) and other non-profits. It is testing the drug candidate in animal studies and hopes to partner with Big Pharma to get it through clinical trials. “Because we have philanthropic investment to help us get through this highest risk phase, we feel that will enable us to succeed and in ways that companies that are only commercially funded even at the earliest stages may not be able to,” Akhila Kosaraju, a doctor who is now Phare Bio’s chief executive, explains. But for all the optimism, Henry Skinner, chief executive of the AMR Action Fund, says AI is “helpful, certainly, but not transformative” because it does little to address where the real costs lie: in clinical trials. He thinks even his fund is “at best, a stop gap, partial solution”. “We feel a huge amount of responsibility. One billion dollars sounds like a lot of money but it is not nearly enough for the very expensive last-stage work,” he says. To create better incentives, attention is turning to changing how health systems buy antibiotics. This year, the UK has proposed expanding its novel subscription model, so drugmakers would receive up to £20mn a year for selling innovative antibiotics, no matter how many — or how few — are prescribed. The pilot started with drugs developed by Pfizer and Japan’s Shionogi last year. Mark Hill, Shionogi’s global head of market access, believes it is a “very promising model” that encourages more investment, because you can prove to shareholders that you will get a return. “Unless you can get governments to think about this in a more creative way than the traditional supply, pay on demand per unit model, you can really struggle with your cash flow,” he says. Patrick Holmes, global innovation ​policy lead at Pfizer, praised the UK for trying to value new antibiotics partly based on how they would affect resistance rates in the future. The EU is planning to give drugmakers who bring a new antibiotic to market a voucher that can be used to extend the years of market exclusivity on another, presumably more profitable, drug, which it estimates will be worth about €440mn. Large drugmakers could use this for one of their own drugs, while smaller companies could sell the transferable voucher on. But much is riding on whether the US, the world’s largest pharmaceutical market, can push through its Pasteur Act, which would also establish a subscription-style model, with contracts valued between $750mn and $3bn. Holmes says it is the only incentive large enough to drive a significant change in where drugmakers spend on research and development. The act’s passage has not been smooth. It was originally introduced in 2020 and the budget has already been cut, from $11bn to $6bn. But after it was reintroduced in April this year, Mark McClellan, director of the Duke-Margolis Centre for Health Policy, is hopeful that the bipartisan bill could be tacked on to a bill on defence spending in the second half of this year. “We’re aiming for a multibillion-dollar programme here, which might seem like a lot, but it’s actually low compared to the current and projected costs of not having antibiotics around that can treat the most important resistant organisms that are around today,” he says. Yet even if western countries do find ways to fix their antibiotics markets, companies will still not be incentivised to launch novel antibiotics in developing countries. The problems of overreliance on broad spectrum antibiotics and a lack of diagnosis are likely to persist in regions without state of the art healthcare, and the resulting resistant superbugs are unlikely to respect national borders. Jayasree Iyer, chief executive of the Access to Medicines Foundation, says she wants to see global action that will help the countries that struggle with the highest need and the biggest drug resistance problems. She says antimicrobial resistance is a global problem that you cannot tackle country by country, arguing that an incentive like the UK’s subscription model is not significant enough for drugmakers to then prioritise India, Thailand or South Africa. “Everybody’s problem becomes nobody’s problem,” she says. “This has been on the political agenda for years now. Very little has been on the political agenda for this long.” The UK recently announced an investment of £210mn in labs, technologies and people to track resistant pathogens across Asia and Africa. But neither western governments nor companies are significantly investing in making new antibiotics available in these countries. An antimicrobial resistance expert at the World Health Organization says the agency is trying to promote a global approach. He warns that accessibility is becoming a problem, just like it was in the Covid-19 pandemic, when vaccine makers prioritised high-income countries, leaving developing countries behind. O’Neill, the author of the UK review, cautiously welcomes the progress that has been made in the field in the past six months, with “some slight amazement” after years of little momentum. He believes the expansion of the UK subscription scheme, the EU proposal, and especially the size of the potential Pasteur Act, could encourage venture capitalists to support early research again. But he called for more urgency. “It’s not like policymakers can sit around, trotting out these ideas and never following through,” he says. Otherwise, he warns, antimicrobial resistance may cause a crisis that will make Covid-19 look like a “garden party”. ©The Financial Times Limited 2023. All Rights Reserved. FT and Financial Times are trademarks of the Financial Times Ltd. Not to be redistributed, copied or modified in any way.

Storbanken: Extremhög värdering – nu hamnar USA-börserna på efterkälken

Storbanken: Extremhög värdering – nu hamnar USA-börserna på efterkälken

USA:s nya president Donald Trump tar över en av de mest koncentrerade och högst värderade aktiemarknaderna på nära 100 år. Landets dominans på den globala börsscenen tillhör nu historien, åtminstone enligt Goldman Sachs. ✔ Analysen: S&P 500 ger en årlig avkastning på bara 3 procent kommande årtiondet ✔ Experten: ”Slog ned som en bomb” ✔ Invändningarna mot storbankens rapport ✔ Erik Hanséns strategival – alternativet för mindre aktiva placerare: ”Du köper vinnare och säljare förlorare” ✔ Grafik: Världens dyraste och billigaste aktiemarknader

Advania acquires UK based IT solution specialist CCS Media to further accelerate growth

Advania acquires UK based IT solution specialist CCS Media to further accelerate growth

Advania, a portfolio company of Goldman Sachs Alternatives and one of the largest providers of IT services in Northern Europe, has announced the acquisition of CCS Media, one of the largest independent IT solutions providers in the United Kingdom. This acquisition aligns with Advania's strategic focus on expanding both its footprint and its capability within the UK market. The combination will enable a highly complementary solutions and services offering, providing top tier depth and breadth of expertise across an end-to-end customer-centric offering commensurate with the group’s overall strategy. It will also offer the UK midmarket a much needed fresh and comprehensive approach to IT services from a scaled provider with access to the full resources of Advania. This transaction represents a key milestone in Advania’s broader goal of becoming the leading IT services provider in Northern Europe and will further accelerate the growth of the group.

Goldman Sachs på YouTube

Goldman Sachs - Company that Ruled the World | 2023 Documentary

https://kamikoto.com/FINAIUS50 Through ruthlessness, one Wall Street company managed to survive for more than a century.

FINAiUS på YouTube

Goldman Sachs: The Most Evil Bankers in the World

Do you watch YouTube? if you do, here's how to turn your passion into an extra income from YouTube, without ever showing your ...

Jake Tran på YouTube

A day in the life at Goldman Sachs

Meet Cindy, an analyst on our Launch With GS team in our Asset Management Division. Join her on a #DayInTheLife at the firm.

Goldman Sachs på YouTube

Goldman Sachs: Masters of the World? | Market Manipulation | Secrets of the Financial Empire

Goldman Sachs, once a humble brokerage house founded in 1869 by a German immigrant, has grown into one of the world's ...

Moconomy på YouTube

Goldman Sachs i poddar

Why Goldman Sachs and Apple Weren't Happily Ever After

Apple has filed for divorce from its partnership with Goldman Sachs.. It also marks a swift about-face for a partnership that, just last year, was extended through 2029. WSJ’s AnnaMaria Andriotis discusses the messy details she’s learned about the breakup. Further Reading and Watching: - A Divorce With Apple, Internal Strife: How Goldman’s Main Street Bet Failed  - Apple Pulls Plug on Goldman Credit-Card Partnership  - How Goldman Sachs Fumbled Its Consumer Business  Further Listening: -The War Inside Goldman Sachs  Learn more about your ad choices. Visit megaphone.fm/adchoices

What's ahead for tech stock valuations?

The megacap tech sector surged in value in 2023. So what are the market opportunities in 2024? Eric Sheridan, Internet sector specialist in Goldman Sachs Research, discusses the drivers behind recent stock market performance. 

As the Fed stays put, markets bet on timing of rate cuts

Has the Fed officially achieved a soft landing? Josh Schiffrin, global head of trading strategy in Goldman Sachs Global Banking & Markets, discusses the takeaways from the latest Fed meeting and what’s next for markets in 2024.

How are investors approaching today’s market strength?

The S&P is trading near the high of the year, cash is earning historic highs, and bonds are more attractive than ever. Ashish Shah, chief investment officer of public investing in Goldman Sachs Asset Management, breaks down the implications for investors’ portfolios. 

Why markets will be living in a strong US dollar world

Against a backdrop of falling rates and resilient global growth, the US dollar typically declines. Goldman Sachs Research’s Kamakshya Trivedi explains why he expects that decline to happen only “slowly and bumpily.”

What are retail earnings and CPI telling us about the US consumer? 

As the holiday season approaches and CPI numbers show cooling inflation, what does that mean for US consumer spending? Goldman Sachs' Scott Feiler, a consumer sector specialist in Global Banking & Markets, discusses the outlook for the retail sector.

Have rates peaked?

Markets have rallied almost 11 percent in November, in part on expectations that the Fed is done raising rates. Today on the show, we look at the Fed’s likely pause and how investors are responding. Also we go long Goldman Sachs CEO David Solomon as a DJ. And we make a daring neutral call on the future. Links:Can David Solomon DJ? An investigationFor a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedofferFollow Ethan Wu (@ethanywu) and Katie Martin (@katie_martin_fx) on X. You can email Ethan at ethan.wu@ft.com.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Are emerging markets due for a comeback? 

While rates are in focus in US markets, how are investors approaching emerging markets? Caesar Maasry, who leads the Emerging Markets Cross Asset Strategy team in Goldman Sachs Research, discusses the long period of underperformance in emerging markets and what their trajectory looks like into 2024. 

A more ‘disciplined’ IPO market

How are large investors thinking about equity capital markets and the trajectory for the overall economy? Lizzie Reed, global head of the equity syndicate desk in Goldman Sachs Global Banking & Markets, dives into the findings of the team’s survey.  

What we’re hearing from some of the world’s largest investors now

Why are investors increasingly expecting a soft landing as inflation worries persist? Oscar Ostlund, global head of content strategy, market analytics & data science for Marquee in Goldman Sachs Global Banking & Markets, discusses the takeaways from the latest QuickPoll survey of 1,000 institutional investors. 

Goldman Sachs' Earnings Woes, X Tests Subscriptions, and Marc Andreesen’s Manifesto

Kara and Scott discuss the ongoing House speaker’s race, tech leaders dropping out of the Web Summit conference, and Google cutting news division jobs. Then, it’s a tough week for Goldman Sachs amidst profit declines. Will David Solomon giving up his DJ hobby help? Plus, X has begun testing out $1 subscriptions. Then, a listener question on Marc Andreesen’s “Techno-Optimist Manifesto.” Follow us on Instagram and Threads at @pivotpodcastofficial. Follow us on TikTok at @pivotpodcast. Send us your questions by calling us at 855-51-PIVOT, or at nymag.com/pivot. Learn more about your ad choices. Visit podcastchoices.com/adchoices

What the volatile bond market means for investors

Amid increasing geopolitical uncertainty and a volatile bond market, the US economy continues to surprise to the upside. Ben Snider, senior strategist on the US portfolio strategy macro team in Goldman Sachs Research, explains the implications and why foreign buyers are flocking to US stocks.