Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Obama seeks funds to fight Zika; sees no cause for panic

Published 08/02/2016, 19:04
© Reuters. Colombian women listen as a health worker distributes information how to prevent the spread of the Zika virus, at the transport terminal in Bogota, Colombia
SASY
-

By Roberta Rampton and Ben Hirschler

WASHINGTON/LONDON (Reuters) - President Barack Obama will ask the U.S. Congress for more than $1.8 billion (£1.2 billion) in emergency funds to fight Zika at home and abroad and pursue a vaccine, the White House said on Monday, but Obama also said there was no reason to panic over the mosquito-borne virus.

Zika, spreading rapidly in South and Central America and the Caribbean, has been linked to severe birth defects in Brazil and public health officials' concern is focused on pregnant women and women who may become pregnant.

Obama's request to Congress includes $200 million for research, development and commercialization of new vaccines and diagnostic tests for the virus.

In addition, the London-based European Medicines Agency (EMA), Europe's drugs regulator, said it has formed a task force on Zika to advise companies working on vaccines and medicines against the virus.

There are no vaccines or treatment for Zika and none even undergoing clinical studies, as the disease had previously been viewed as relatively benign. Most infected people either have no symptoms or develop mild ones like a fever and skin rashes.

"The good news is this is not like Ebola, people don't die of Zika. A lot of people get it and don't even know that they have it," Obama told CBS News in an interview aired on Monday. "But there shouldn't be panic on this. This is not something where people are going to die from it. It is something we have to take seriously."

In a separate White House briefing on Monday, senior U.S. health official Anthony Fauci said he was not expecting a large-scale Zika infection in the continental United States. He said a widely available vaccine would not be ready for a few years.

"We have already started to develop the vaccine in the early stages and we can predict that we likely would be in phase 1 trial - just to determine if it's safe and if it induces a good response - probably by the end of the summer and get that going by the end of this year," Fauci, director of the National Institute of Allergy and Infectious Diseases, told reporters.

Scientists are working to find out if there is a causal link between Zika and babies born with microcephaly, meaning they have abnormally small heads and can suffer developmental problems. The research began after a huge rise in such birth defects last year in Brazil at the same time the virus took hold there.

Most of the money sought by Obama, who faces pressure from Republicans and some fellow Democrats to act decisively on Zika, would be spent in the United States on testing, surveillance and response in affected areas.

"As spring and summer approach, bringing with them larger and more active mosquito populations, we must be fully prepared to mitigate and quickly address local transmission within the continental U.S., particularly in the Southern United States," the White House said in a statement.

Obama's funding request to Congress also includes $335 million for the U.S. Agency for International Development to support mosquito-control, maternal health and other Zika-related public health efforts in affected countries in the Americas.

There have been 50 confirmed cases of Zika in the continental United States among people who had travelled to affected areas, according to federal health officials.

The White House said it would ask for $250 million for Puerto Rico, the fiscally struggling Caribbean U.S. territory. Zika is actively being transmitted in Puerto Rico and other warmer territories.

MICROCEPHALY CONCERNS

Brazil, the country hardest hit by Zika, has estimated that up to 1.5 million people have been infected in the country. Brazil is investigating more than 4,000 suspected cases of microcephaly. The World Health Organization has said a causal link between Zika and microcephaly is strongly suspected.

Word that Zika can be spread by sexual transmission and blood transfusions and its discovery in saliva and urine of infected people have added to concern over the virus.

Several biotech and pharmaceutical companies are racing to develop a Zika vaccine, including France's Sanofi (PA:SASY), which already has vaccine for the similar condition of dengue.

But scientists know relatively little about Zika and the road to developing a preventative shot is strewn with hurdles.

Brazil is grappling with the virus even as it prepares to host the Olympic Games in Rio de Janeiro in August, with tens of thousands of athletes and tourists anticipated.

The U.S. Olympic Committee has told U.S. sports federations that athletes and staff concerned about their health due to Zika should consider not going to the Olympics.

The message was delivered in a conference call involving USOC officials and leaders of U.S. sports federations in late January. The federations were told that no one should go to Brazil "if they don't feel comfortable going," said Donald Anthony, president and board chairman of USA Fencing.

"One of the things that they immediately said was, especially for women that may be pregnant or even thinking of getting pregnant, that whether you are scheduled to go to Rio or no, that you shouldn't go," said Anthony, a former Olympian.

At the White House on Monday, Fauci said athletes would need to make a personal decision about whether or not to skip the Olympics.

The U.S. Centers for Disease Control and Prevention has advised pregnant women to avoid travel to areas with an active outbreak of Zika. CDC principal deputy director Anne Schuchat told the briefing that as for Americans travelling to areas with Zika, "we don't think that needs to stop."

"Right now our focus is on protecting pregnant women and trying to control the mosquito," she said.

© Reuters. Colombian women listen as a health worker distributes information how to prevent the spread of the Zika virus, at the transport terminal in Bogota, Colombia

The WHO last week declared an international emergency over the disease, estimating that up to 4 million people may become infected in the Americas.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.