KOSSAN RUBBER INDUSTRIES BHD

KLSE (MYR): KOSSAN (7153)

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Last Price

2.46

Today's Change

+0.10 (4.24%)

Day's Change

2.35 - 2.47

Trading Volume

7,550,600


19 people like this.

16,206 comment(s). Last comment by Chipee 7 hours ago

Posted by Chua Joe Beng > 2020-08-28 15:36 | Report Abuse

added Kossan into my glove stock! BI proposed will b gud! Expecting d ex bonus price to go higher with improving fundamentals for next two quarters.

Posted by foreverchung > 2020-08-28 15:39 | Report Abuse

Buy buy buy up up up !

Posted by Chua Joe Beng > 2020-08-28 15:58 | Report Abuse

gud sign! sudden surged in buyers n sellers!

speakup

27,023 posts

Posted by speakup > 2020-08-28 17:13 | Report Abuse

why Kossan no up 10% like supermax?
kossan also include in msci mah

al8800

407 posts

Posted by al8800 > 2020-08-28 17:32 | Report Abuse

Next week is inclusion in MSCI for Supermx and Kossan

the IB jokers are making fools on retail investors by issuing smoke screen (misleading statements) and sapu............ cheap stock these few days. What a big fat sharks they are

BigBladd

268 posts

Posted by BigBladd > 2020-08-28 18:06 | Report Abuse

Thanks alot Lida Rashid for the info.

billionn

733 posts

Posted by billionn > 2020-08-28 18:24 | Report Abuse

U guys sense anything wrong or not??? Look at the price and volume???

Posted by DonWorryBeHappy > 2020-08-28 18:48 | Report Abuse

Big 4 all got last 10 minute huge buy volume
Supermax (1.2b)
Kossan (666m)
Harta ( 100m+-)
TG (111m)
The thing is I am not sure it's a good sign or not

Posted by supersinginvestor > 2020-08-28 20:03 | Report Abuse

If u guys analyse every little things better dont buy stocks...cos it means u got no confidence in wat u own..
I own kossan...done deal..anything else not relevant.. i have already done due diligence... i own it.. fukal the rest.. vaccine shiit ceo shiit epf shiit..ur wife u marry...done deal. . Neighbour days. she fat u divorce ah..

SEE_Research

4,673 posts

Posted by SEE_Research > 2020-08-28 20:08 | Report Abuse

SEE_Research SEE_Research [8/28, 6:33 PM] Sidney Oon: Supermax /7106

For 28 August 2020
Friday

Pls send out to regular customers who have patience to hold on the rubber gloves stocks,
Next week onwards,
1 September 2020,

BIG Run on Supermax,

The rest 2 nd tiers,
(i) Careplus
(ii) Comfort
Will follow immediately
[8/28, 6:33 PM] Sidney Oon: For 28 August 2020
Friday

Supermax /7106

1. Grand closing
with
3 WhatsApp pictures,
showing dynamic closing from at
(i) number of transaction
23978=RM 21.10/ 33,214.6 lots /04.44.59
23979=RM 22.14 /33,255.8 lots /04.50.00

The last transaction =27052/time = 04.59.59
88,426.6 lots

Remarks
===========================

The last 15 minutes done
=55,212lots minus
33,214 lots

Number of lots done =21,998 lots,

One word =incredible,
INCREDIBLE
[8/28, 6:33 PM] Sidney Oon: 28 August 2020

The above 3 WhatsApp pictures
showing on the incredible closing of
Strong closing of Supermax with five minutes closing of 21,998 lots,
versus one whole trading, before closing 4.44.59pm /33,214 lots
[8/28, 7:01 PM] Sidney Oon: The last 15 minutes done
88,426 lots minus
33,214 lots =

55,212 lots
One word =incredible
INCREDIBLE
28/08/2020 7:38 PM
28/08/2020 8:04 PM
X
SEE_Research SEE_Research SEE_Research SEE_Research KSSC /5192


Only 2 dipping line systems for rubber gloves factories,
HLT,
KSSC,

REMARKS
ANOTHER CANDIDATE FOR LIMIT UP AS THE WILD BULL RUN ON
SUPERMAX,
JUST STARTING FROM 1 SEPTEMBER 2020
28/08/2020 7:55 PM
SEE_Research
28/08/2020 7:57 PM

DreamKaiser

1,315 posts

Posted by DreamKaiser > 2020-08-28 20:31 | Report Abuse

not a bad friday closing kossan

DreamKaiser

1,315 posts

Posted by DreamKaiser > 2020-08-28 20:31 | Report Abuse

not bad at all

DreamKaiser

1,315 posts

Posted by DreamKaiser > 2020-08-28 20:32 | Report Abuse

well done

DreamKaiser

1,315 posts

Posted by DreamKaiser > 2020-08-28 20:32 | Report Abuse

keep up the good work

Mr_Kiah

70 posts

Posted by Mr_Kiah > 2020-08-28 20:38 | Report Abuse

Where is that seisohai iiot ex-kossan employee who dont hold any sharer apple1234 now you know kossan stability is unmatched it single handed save glove sector ! kossan forever ! everyday come here badmouth like a dog what is your purpose actually seisohai pity your mother come out this piece of shi*t

Posted by thestockoracle > 2020-08-28 20:59 | Report Abuse

For the benefit of members, I have considered 2 hedging glove-related stocks:

DANONCE TECHNOLOGY (7114)
SAMCHEM (5147)

Both are suppliers to the glove and healthcare industry and they are now trading at a relatively low PE ratio and stock price. D'nonce is an especially good pick as its Q2 is coming out in 30 days time and for the last 3 quarters it has been recording profit growth. The recent corporate presentation and management mentioned they're currently experiencing very strong orders and are operating at maximum capacity, in tandem with the robust demand for gloves.

From its recent corporate presentation, and google map, we can guess with high accuracy that TOPGLOV Thailand and Sri Trang Glove are their clients.

Currently projecting a base case RM 15m of net profit for FY2021, which translate into 5.7c eps FY2021. Extrapolating that into 15x PE based on conservative valuation. TP by analyst: 0.8-1.0

Samchem is a chemicals company supplying chemicals to glove companies to manufacture gloves. Also a solid company with strong fundamentals and growing profits. TP by analyst: 1.23

This is not a buy call, just for the members hedging thoughts. Let me know if you agree after you read up more on these stocks and their business.

Posted by thestockoracle > 2020-08-28 20:59 | Report Abuse

Please note that the idea of hedging is meant to counter the turbulence of the glove stocks. I still continue to believe Kossan has its own potential upside but with market sentiments swaying, it would be advisable to not put all your eggs in one basket. At the same time, I do not advocate speculating in penny stocks like the pharmas. My definition of penny stocks are stocks with no proven track record and are trading at ridiculous prices relative to their profits.

I only would advocate hedging stocks with the following criteria:

1. proven track record and profit growth.
2. strong management team and visible corporate earnings,
3. transparent management ideas such as presentations and press releases so we know what is going on with the company.
4. glove related preferably as glove demand will continue to be elevated.
5. strong fundamentals and relatively low PE ratio
6. current price still demonstrates an upside (massive upside 30% or more) and not over-priced so that there is still gain to be made without investors taking ridiculous risks.

billionn

733 posts

Posted by billionn > 2020-08-28 22:56 | Report Abuse

Please rrrruuuunnnn for your life

mach10

372 posts

Posted by mach10 > 2020-08-29 06:28 | Report Abuse

TIME TO SAY GOODBYE.

gemfinder

6,880 posts

Posted by gemfinder > 2020-08-29 09:52 | Report Abuse

Glove wil sufer bigest drop when trump aprove vacine in oct

OngKawKaw

3,283 posts

Posted by OngKawKaw > 2020-08-29 10:14 | Report Abuse

At the end virus sendiri disappear vaccine pun belum ada. History tells go check check

OngKawKaw

3,283 posts

Posted by OngKawKaw > 2020-08-29 10:14 | Report Abuse

Nak goreng pergi buy cheap cheap pn17 pun ada change limit up one day

Targeted

2,604 posts

Posted by Targeted > 2020-08-29 10:19 | Report Abuse

.
hahahahaha................gemfider getting very worried...........all this reinfection news........

BigBladd

268 posts

Posted by BigBladd > 2020-08-29 11:40 | Report Abuse

EPF is disposing it shares at higher price

DreamKaiser

1,315 posts

Posted by DreamKaiser > 2020-08-29 12:23 | Report Abuse

if you're a big corporate fund manager you could nego with your IB remisier for some neat kopi money

IIRC commision rate for big transaction is maybe 0.3%, with remisier getting 0.15%

so if you can get your 0.05%, or even 0.025%, from said remisier, well why not.

at current kossan price (say rm15) 400,000 shares = rm6 mil

you do it 20 times (whether buying or selling) ==> rm120 mil

0.025% of rm120 mil = rm30k

easy pocket money

DreamKaiser

1,315 posts

Posted by DreamKaiser > 2020-08-29 12:28 | Report Abuse

if you good at smoothtalking maybe you could get 0.05%

0.05% of rm120 mil = rm60k

no chickenfeed, man

DreamKaiser

1,315 posts

Posted by DreamKaiser > 2020-08-29 12:34 | Report Abuse

and if you do lots of trading every week, you also maybe get top marks during year end performance appraisal from your boss for being 'hardworking'

so you get the best of both worlds

what a life, man

Posted by warrantsmaster0 > 2020-08-29 18:39 | Report Abuse

Happy long weekend! PM to join our warrants discussion :))

Posted by Maxprofittt > 2020-08-29 18:46 | Report Abuse

Announced Date Change Type Shares Name
28 Aug 2020 24 Aug 2020 Acquired 623,900 EMPLOYEES PROVIDENT FUND BOARD
28 Aug 2020 24 Aug 2020 Disposed 224,300 EMPLOYEES PROVIDENT FUND BOARD
28 Aug 2020 24 Aug 2020 Disposed 329,100 EMPLOYEES PROVIDENT FUND BOARD
28 Aug 2020 24 Aug 2020 Disposed 100,000 EMPLOYEES PROVIDENT FUND BOARD
28 Aug 2020 25 Aug 2020 Acquired 1,500,000 EMPLOYEES PROVIDENT FUND BOARD
28 Aug 2020 25 Aug 2020 Disposed 365,900 EMPLOYEES PROVIDENT FUND BOARD
26 Aug 2020 19 Aug 2020 Acquired 246,300 EMPLOYEES PROVIDENT FUND BOARD
26 Aug 2020 19 Aug 2020 Acquired 127,900 EMPLOYEES PROVIDENT FUND BOARD
26 Aug 2020 19 Aug 2020 Acquired 225,400 EMPLOYEES PROVIDENT FUND BOARD
26 Aug 2020 19 Aug 2020 Acquired 168,000 EMPLOYEES PROVIDENT FUND BOARD
26 Aug 2020 19 Aug 2020 Disposed 100,000 EMPLOYEES PROVIDENT FUND BOARD
26 Aug 2020 21 Aug 2020 Acquired 573,100 EMPLOYEES PROVIDENT FUND BOARD
26 Aug 2020 21 Aug 2020 Disposed 300,000 EMPLOYEES PROVIDENT FUND BOARD
24 Aug 2020 18 Aug 2020 Disposed 300,000 EMPLOYEES PROVIDENT FUND BOARD
24 Aug 2020 18 Aug 2020 Disposed 460,000 EMPLOYEES PROVIDENT FUND BOARD
24 Aug 2020 18 Aug 2020 Acquired 264,000 EMPLOYEES PROVIDENT FUND BOARD
24 Aug 2020 18 Aug 2020 Acquired 1,000,000 EMPLOYEES PROVIDENT FUND BOARD
24 Aug 2020 18 Aug 2020 Disposed 98,000 EMPLOYEES PROVIDENT FUND BOARD
24 Aug 2020 18 Aug 2020 Acquired 287,700 EMPLOYEES PROVIDENT FUND BOARD
24 Aug 2020 18 Aug 2020 Disposed 78,200 EMPLOYEES PROVIDENT FUND BOARD
21 Aug 2020 14 Aug 2020 Acquired 1,500,000 EMPLOYEES PROVIDENT FUND BOARD
21 Aug 2020 14 Aug 2020 Disposed 346,100 EMPLOYEES PROVIDENT FUND BOARD
21 Aug 2020 14 Aug 2020 Disposed 639,900 EMPLOYEES PROVIDENT FUND BOARD
21 Aug 2020 17 Aug 2020 Acquired 335,000 EMPLOYEES PROVIDENT FUND BOARD
21 Aug 2020 17 Aug 2020 Disposed 261,800 EMPLOYEES PROVIDENT FUND BOARD
21 Aug 2020 17 Aug 2020 Disposed 353,200 EMPLOYEES PROVIDENT FUND BOARD
21 Aug 2020 17 Aug 2020 Disposed 228,800 EMPLOYEES PROVIDENT FUND BOARD
21 Aug 2020 17 Aug 2020 Disposed 935,620 EMPLOYEES PROVIDENT FUND BOARD

Posted by Maxprofittt > 2020-08-29 18:46 | Report Abuse

Epf was very active in the past 2weeks.

KK

1,368 posts

Posted by KK > 2020-08-30 12:08 | Report Abuse

HONG KONG, Aug 30: More than 24.84 million people have been reported to be infected by the Covid-19 (coronavirus) pandemic globally and 837,623​ have died, according to a Reuters tally.

Infections have been reported in more than 210 countries and territories since the first cases were identified in China in December 2019.

The United States are the worst hit country with more than 182,000 cases of death and almost 6 million registered confirmed cases.

They are followed by Brazil. Just over six months after registering its first case of the Covid-19, Brazil crossed the grim threshold of 120,000 people killed by Covid-19 on Saturday (Aug 29), with no end in sight to the crisis.

The country of 212 million people has now registered 120,262 deaths from the virus and 3,846,153 infections, the health ministry said in its daily update.

Brazil is just the second country to surpass a death toll of 120,000 in the pandemic, after the United States, where the number killed is now more than 182,000.

Unlike in Europe and Asia, where the virus hit hard and then subsided, Brazil's outbreak is advancing at a slow but steady pace, said Christovam Barcellos, a researcher at public health institute Fiocruz.

"Brazil is unique in the world. Since the start of the pandemic, its curve has been different from other countries', much slower," he told AFP.

"It has stabilised now, but at a very dangerous level: nearly 1,000 deaths and 40,000 cases per day.... And Brazil still isn't past the peak."

The pandemic has also turned political in Latin America's largest country.

President Jair Bolsonaro has downplayed the virus and attacked governors and mayors who imposed lockdown measures, arguing the economic damage is worse than the disease itself.

The far-right leader is instead pushing the drug hydroxychloroquine as the solution to the health crisis, despite studies showing it is ineffective against Covid-19.

He again said Saturday the controversial medication had "saved thousands of victims' lives" in Brazil.

Bolsonaro even took what he called the "right-wing" drug himself when he was diagnosed with the virus in July.

"It's shocking the way (Bolsonaro) has handled this. It's not just his denialism.... He has often crossed the line of disrespecting victims," said political analyst Michael Mohallem of the Getulio Vargas Foundation.

"The number of deaths is scandalously high," he told AFP. "I think someday he'll have to pay the price."

The virus has meanwhile spread to more fragile demographic groups and to the interior of the country.

Impoverished residents of overcrowded favelas, or slums, have been hit especially hard.

So have indigenous groups in the Amazon rainforest, who have a history of vulnerability to outside diseases.

stockraider

31,556 posts

Posted by stockraider > 2020-08-30 12:11 | Report Abuse

NOT FOR CANSINO VACCINE MAH....THEY ARE MILITARY PEOPLE...EVERYDAY TARGET PRACTISE....VERY EXPERT IN TARGETING LOH...!!

Posted by Targeted > Aug 30, 2020 12:08 PM | Report Abuse

vaccine business is a tough business, not so easy la..........chances of failure very high...

mf

29,183 posts

Posted by mf > 2020-08-30 15:14 | Report Abuse

MITI: ASEAN to share data to support Covid-19 vaccine development
Bernama
/
Bernama

August 30, 2020 13:27 pm +08

Posted by warrantsmaster0 > 2020-08-30 23:55 | Report Abuse

Merdeka! PM me to join our warrant discussion :))))

Observers

152 posts

Posted by Observers > 2020-08-31 11:02 | Report Abuse

Can the CEOs of the Big 4 and Small 3 glove companies come up together to hold news conference give reassurance to the public that the gloves demands is still very high despite news of vaccine here and there. If the vaccine is really available to the public, the glove supplies could not cope with the demands. Before vaccine, you need gloves for the sick; after the vaccine, u need gloves for the sick and the healthy and the healthy population in the world is thousands time higher than the sick, which means there's huge surge of gloves demand than ever before!!
Pls spread this message and educate those especially the uncle aunties who have the terrible misconception about glove demands is inversely proportional to vaccination, these are the investors with money but no brain, and they are the major people that bring gloves stock price down whenever news of vaccines come out!!!

stockraider

31,556 posts

Posted by stockraider > 2020-08-31 11:03 | Report Abuse

Even covid here to stay it does not mean more gloves users mah..!!

Its demand may have peaked mah...!!

Ask yourself who are the gloves users ??
Mainly medical personnels mah...!!

How many medical personnels are there leh ??
It is limited mah, it does not grow overnight loh..!!
U already factor in they have more frequesnt use of gloves that means thats all loh....Demand already peaked mah...!!

Posted by kfliau > Aug 31, 2020 10:55 AM | Report Abuse


stay invested in supermx. Discard all the noises. Covid is here to stsy for a long time though not to my liking

stockraider

31,556 posts

Posted by stockraider > 2020-08-31 11:12 | Report Abuse

To be fair some F&B workers do wear gloves but these are minority loh...!!

I ask the staffs why some wear gloves & some don wear leh ?

They told me for facemask the company give free everyday but for gloves they use own money to buy loh...!!

Posted by EatThis > Aug 31, 2020 11:03 AM | Report Abuse

I eat out everyday. Even the waiters and waitresses wear gloves. Think the trend will stay for quite a while.


Posted by gemfinder > Aug 31, 2020 11:06 AM | Report Abuse

U eat where oh? Waitres wear gloves,? They dun even eesr mask properly. Dum bullshit la

stockraider

31,556 posts

Posted by stockraider > 2020-08-31 11:19 | Report Abuse

Just imagine, they use own monies to buy gloves...how many can afford sustainably leh ? not many loh....!!

Stop dreaming loh....they are not many other users other than medical workers loh..!!

That indicate growth scope limited for gloves loh...!!

stockraider

31,556 posts

Posted by stockraider > 2020-08-31 11:30 | Report Abuse

Yes Raider is a supporter of vaccine, but if u r uncomfortable with vaccine, buying banks esp quality Pbank stand a better investment preposition than gloves loh...!!

joyvest

10,533 posts

Posted by joyvest > 2020-08-31 12:29 | Report Abuse

Gloves are the things of the past? From day 1 , I have been saying the existing growth is offset by non-sustainable growth in the coming months when future demand dies down......

Hazzyy

191 posts

Posted by Hazzyy > 2020-08-31 12:33 | Report Abuse

Pathetic use of English language with mah and Loh . Doesn’t sound confident . State your facts and and be bold enough to state the facts

Hazzyy

191 posts

Posted by Hazzyy > 2020-08-31 12:37 | Report Abuse

The world doesnt need one view otherwise it will be upside down imagine everyone wear same color dress eat chicken and no other meat . Supply will be unable to meet demand . Let there be contrarians then the market is dynamic and whoever is right makes the $$

SEE_Research

4,673 posts

Posted by SEE_Research > 2020-08-31 12:51 | Report Abuse

SEE_Research Supermax /7106

As Supermax already inside
MSCI GLOBAL STANDARD INDEX /SUB MSCI MALAYSIA INDEX
offering greater visibility to outside financial funds

SUMMARY
From the outside, meaning outside Malaysia,
other financial funds,
will begin to notice with greater interest
Supermax,
Kossan

What are the outside financial funds planning to do next?

Be seated and glued to the comfortable chairs and glare at the computers screens,
and do nothing?

And shout like some of the outsiders,
(like gemfinder, others, small little kids buying penny stocks shouting)
vaccines are coming

Well established financial funds will rush in, after serious studies on the
(i) EPS,
(ii) coming financial quarters, at least another few quarters
(iii) previous financial quarters

Issued big,
Issued BIG
ISSUED BIG, BIG, BIG BUY ORDERS

ALREADY PROVEN IN THE LAST MINUTES CLOSING FROM
RM 21.10 to
RM 22. 14

Volume done at 4.45pm =33,214 lots
Volume done at 5.00pm =88,426 lots

To =gemfinder, and other small kids
Pls help us to calculate
How many last minutes done?
Is it 55,212 lots
How much RM - -?
Need to buy out the 55,212 lots

Closing 5.00pm,
28 August 2020 /Friday
(Yee Fatt, 28 August 2020)
31/08/2020 11:48 AM

SEE_Research

4,673 posts

Posted by SEE_Research > 2020-08-31 12:54 | Report Abuse

SEE_Research Supermax /7106

ALL THE SHAREHOLDERS OF THE
RUBBER GLOVES STOCKS,

INCLUDING THE TOP OF 4 KINGS
(Topglove, Supermax, Hartalega, Kossan)
INCLUDING THE 2 ND TIER
(Careplus, Comfort, Rubberex)
INCLUDING THE RUBBER RELATED PRODUCTS
(Adventa,)
INCLUDING THE RUBBER DIPPING SYSTEMS
(HLT, KSSC)

Will be blessed as
SUPERMAX in this season,

from 01 September 2020 onwards,
AS SUPERMAX WILL CLOAK IN TO
MSCI Global Standard Indexes as of the close of 31 August 2020,

It is the MERDEKA DAY
FOR ALL THE RUBBER GLOVE STOCKS,
RUBBER RELATED STOCKS,
RUBBER DIPPING LINES SYSTEMS STOCKS
WILL BE THE FRIENDLY LEADER OF THE
BLACK PANTHER PACK
TO EXHIBIT LEADERSHIP
WITH SUPERIOR QUALITY TO LIFT UP ALL THE ABOVE STOCKS
THE FRIENDLY BIG BIG BIG WAVE WILL LIFT UP THE SMALLER BOATS

============================================
MSCI GLOBAL STANDARD INDEXES,
SUB MSCI MALAYSIA INDEX
MSCI MEANS
Morgan Stanley Capital International Index

WHO WILL CLOAKED IN?
SUPERMAX CORPORATION BHD
KOSSAN RUBBER INDUSTRIES BHD

WHO WILL CLOAKED OUT?
IJM CORP BHD
+++++++++++++++++++++++++++++++++++++++++++++++

SUMMARY
MSCI INDEXES

ARE THE MEASUREMENT OF STOCK MARKET PERFORMANCE IN A PARTICULAR AREA.
LIKE OTHER INDEXES, SUCH AS
DOW JONES INDUSTRIAL AVERAGE,
S + P 500,

IT TRACKS THE PERFORMANCE OF THE STOCKS INCLUDED INTER RELATED INDEX
=============================================
MSCI HISTORY

IN 1968,
MORGAN STANLEY, published the
Capital International Indexes, first indexes for market outside of the USA and
in 1969,the
MSCI DEVELOPED MARKETED Indexes were published.

In 1987, for the Emerging Market Index was published.

In 1996, MSCI ALL COUNTRY INDEXES. were published for developing markets and emerging markets.
+++++++++++++++++++++++++++++++++++++++++++

SEE_Research
Is it GREAT
Is it AWESOME
Is it AMAZING

ON THIS SPECIAL DAY, MERDEKA DAY
OUR SUPERMAX,
OUR KOSSAN

ARE CLOAKED INSIDE THE MSCI GLOBAL STANDARD INDEX /SUB MSCI MALAYSIA INDEX

TRULY MERDEKA
WITH SUPERMAX
WITH SUPERIOR SUPERMAX
WITH SUPREME SUPERMAX

stockraider

31,556 posts

Posted by stockraider > 2020-08-31 14:00 | Report Abuse

When peak demand

excess capacity and many competitors coming

vaccine coming

Where got future growth leh ??

Posted by geary > Aug 31, 2020 1:57 PM | Report Abuse

PZOGRO In US, ppl buying Apple Tesla until stock split today’s also keep pushing higher; but Malaysian will normally do the other way. Buy before stock split and Sell after stock split! That’s Malaysian! Happy Merdeka!
31/08/2020 1:47 PM

For counter with high earnings growth...still have legs to run...plus there are final n special dividend...o:-)

LiimInvest

2,267 posts

Posted by LiimInvest > 2020-08-31 16:21 | Report Abuse

Coronavirus outbreak
Alarm as FDA willing to issue Covid-19 vaccine before stringent safety testing

FDA under intensifying pressure from Trump, who wants to see a vaccine come on stream or ready to announce before the election
Ed Pilkington in New York
@edpilkington
Sun 30 Aug 2020 21.12 BST

Public health experts have reacted with alarm to remarks by the head of the US Food and Drug Administration (FDA) that he might give the green light for a US Covid-19 vaccine before the normal clinical trial process had reached its conclusion.

As the US was on the verge of 6m coronavirus cases on Sunday, Stephen Hahn, the FDA commissioner, told the Financial Times in an interview published on Sunday that he was prepared to issue emergency use authorization for a Covid-19 vaccine before the end of Phase 3 human trials that put the drug through stringent testing for safety and efficacy.

He said the standard he would apply instead would be “that the benefit outweighs the risk in a public health emergency”.

Hahn told the newspaper that his decision would not be swayed by political pressure amid the febrile atmosphere of the upcoming US presidential election. “This is going to be a science, medicine, data decision. This is not going to be a political decision,” he said.

But several public health experts expressed their concern on Sunday about an apparent willingness to consider fast-tracking a vaccine outside what is considered the gold standard testing process.

The FDA has come under intensifying pressure in recent weeks from Donald Trump, who wants to see a vaccine come on stream or ready to announce before the November election, and has a public-private vaccine development funding program underway called Operation Warp Speed.

Trump has openly attacked the FDA, baselessly citing a supposed “deep state” within it of dragging its feet on the vaccine approval process, despite no evidence to support the latest version of a right-wing conspiracy theory that even one of its most enthusiastic, original Trump administration propagators, Steve Bannon, has dismissed.

The number of confirmed cases of Covid-19 was approaching 6m in the US by Sunday afternoon, according to figures from Johns Hopkins University, while recorded deaths stand at a catastrophic 182,612 – almost a quarter of all global fatalities.

Over the weekend California became the first state to pass 700,000 confirmed cases.

Since the beginning of the pandemic in January, Trump has consistently downplayed the severity of the crisis and sidelined scientists, including those at the FDA.

Hahn has been criticized for misleading the public about the efficacy of convalescent plasma treatment which takes blood plasma from Covid-19 survivors and injects it into sufferers.

At a White House media launch last week Hahn, standing beside Trump, said the plasma treatment would save 35 lives out of every 100 patients when in fact studies put the figure at 3 to 5 lives. He was forced to apologise.

Scientists and public health specialists were quick to issue warnings about Hahn’s comments about cutting short the vaccine trials.

Dr Angela Rasmussen, a virologist at New York’s Columbia University, said: “We absolutely cannot tolerate or accept an emergency authorization for any Covid-19 vaccine without reliable safety and efficacy data from phase three clinical trials”.

Writing on Twitter, she said it would be unethical to give the go-ahead before the trials had conclusively proved that both the safety and efficacy of the vaccine.

It would place “huge numbers of people at risk for massive potential harm” and would deal “a catastrophic blow to public confidence in both vaccines and the regulatory mechanisms in place”, she wrote.

Eric Topol of the Scripps Translational Research Institute said that it would take many months for the safety of the vaccine to be fully determined at trial, “irrespective of Stephen Hahn’s subservience to Trump… Any shortcuts will imperil the ultimate rollout of the vaccine and lose the public trust for getting immunized, which is already compromised.”

Hahn’s predecessor as head of the FDA, Scott Gottlieb, told CBS’s Face the Nation that “I don’t know what is meant by saying before the phase 3 trials are completed… They are going to wait for these trials to read out before they can make a decision about the efficacy of these vaccines.”

The news earlier this month that Russia had produced a vaccine was greeted with widespread skepticism because it had been approved and was being given to people, including one of Vladimir Putin’s daughters, before phase three trials

stockraider

31,556 posts

Posted by stockraider > 2020-08-31 17:39 | Report Abuse

How many non medical people using gloves leh ??
Just a handful mah....!!

U just look at facemask mah...!!

It is atonishing that almost everybody in this world are using facemask, yet the facemask price keep dropping & dropping loh..!!

Why leh ??
Over capacity & intense competition for facemask thus price collapse mah...!!

Samething what happen to facemask would happen to gloves loh...!!

Bcos both facemask & gloves are commodities....thus subject to price collapse mah....!

Next Gloves selling price is likely to collapse due to glut loh...!!

Posted by geary > Aug 31, 2020 5:20 PM | Report Abuse

calvintaneng Good afternoon

Someday Glove usage might become a norm like using tooth brush, toilet tissue or soap to wash hands

I visited Singpost office to post a letter

Every staff is using 2 medical gloves for protection in the post office.

So medical gloves are not just confined to hospitals anymore

It will become a way of life now

So careplus has a great future
31/08/2020 4:43 PM

Oh...New Normal... Everywhere...◉‿◉

Posted by Jackthejeep > 2020-08-31 18:23 | Report Abuse

Stockraider has some sense you know, dont be the last one out for gloves, you will cry like carepls RM 5.80

Posted by Jackthejeep > 2020-08-31 18:55 | Report Abuse

Coming weeks will tell the story for glove counters, talk here how many times also no use, good luck

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