Today's Topline - 4/30/20

Thursday, April 30, 2020

Source: MedTech Association

Good Thursday morning:

Yesterday saw the release of jobless data painting a stark picture of the U.S. economy.  In all, the number of jobs lost in five weeks is roughly equivalent of the working population of 25 states.  Alas, this early data does not reflect the full economic impact of the pandemic.  Economists expect figures from the current quarter, which will capture the shutdown’s impact more fully, to show that G.D.P. contracted at an annual rate of 30 percent or more, a scale not seen since the Great Depression.

On a more promising note, there are early signs that an experimental antiviral drug, remdesivir, can be effective in speeding the recovery time for covid-19 patients. The National Institute of Allergy and Infectious Diseases, led by Dr. Anthony Fauci, is overseeing a study of more than 1,000 patients in the U.S. and around the world. The study showed that patients treated with remdesivir were ready to be discharged from the hospital within 11 days, on average, compared with an average of 15 days for patients who had received a placebo

In the first significant loosening of lockdown restrictions here in New York, Governor Cuomo announced yesterday that 35 Upstate counties have been approved to resume elective outpatient treatments. The governor previously announced that the state will allow elective outpatient treatments to resume in counties and hospitals without significant risk of COVID-19 surge in the near term. The counties now eligible are: Allegany, Broome, Cattaraugus, Chautauqua, Chenango, Delaware, Dutchess, Essex, Franklin, Fulton, Genesee, Herkimer, Jefferson, Lewis, Livingston, Madison, Monroe, Niagara, Oneida, Onondaga, Ontario, Orleans, Oswego, Putnam, Saratoga, Schoharie, Schuyler, St. Lawrence, Steuben, Sullivan, Tompkins, Ulster, Wayne, Wyoming and Yates.

MedTech exists to deliver value to the bio/med industry and serve those on the front lines of healthcare advances.  We rely on our members to make that possible.  Please take a moment to join or renew your membership today.  Renewing members can lock in last year’s rate through 2021.  New members who join today will receive 3 free months on their membership year.  Don’t wait.  We need your support to continue the work we do.

As always, don’t hesitate to contact us with your specific questions and concerns. Regular updates can be found at our website, which is refreshed daily.

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