Guarded Optimism

The editors of the Washington Post are guardedly optimistic about Pfizer’s announcement I mentioned yesterday:

The companies have a large Phase 3 clinical trial underway with 43,538 volunteers, and the announcement was based only on preliminary results. But should it hold up, the significance is that one of the most promising and new technologies does work at preventing infection. That may well mean that other vaccines will also work, that we can banish from our thoughts the worst-case scenario of “no vaccine,” and that the world will find a way out of a disease that has already taken 1.2 million lives.

but they caution:

Mr. Biden has properly addressed the persistent shortages in diagnostic testing, personal protective equipment and other issues, and on Monday he implored Americans to wear a mask, one of the most vital mitigations. But these are not going to be enough. The nation faces a massive, surging wave of infection into a population dangerously fatigued and complacent. Until the vaccine arrives, the pandemic demands a far more vigorous response. We hope Mr. Biden continues to work on it as he waits to take the reins.

I think they’re getting a bit ahead of themselves and they’re making the same mistake I have cautioned against with respect to Pfizer’s announcement. A few speeches, policy statements, and appointing a blue ribbon panel do not of themselves increase the amount diagnostic testing, PPE, and so on.

I thought for one brief glorious moment that Megan McArdle was actually going to commit journalism in her latest WaPo column. I was disappointed but she does point out some of the limitations in Pfizer’s announcement:

Keep in mind, however, that mass inoculation will be a massive headache. Earlier vaccination programs against childhood illnesses could rely on widespread immunity among adults and focus somewhat narrowly on kids, or adults who hadn’t had the disease. Once we have an effective vaccine, we’d ideally want to inoculate most of the population in short order. That will be particularly challenging with this vaccine, which needs to be stored at minus 94 degrees Fahrenheit. You can’t just pop this one in the fridge.

IMO mass innoculation will be a greater headache than anyone envisions at this point. I question whether your local Walgreens will install the necessary refrigeration capacity for keeping the vaccine or whether they have the follow-up capability that the two phased dose strategy requires.

I don’t want to be a crepe hanger and I recognize the sense of urgency that people feel but I question whether hurrying a completely novel method (mRNA) is prudent. Thhere is no experience with them. Quite literally no one really knows what their longitudinal effects might be—the trial has only gone on for a couple of months. It might take years for unforeseen adverse effects to appear.

There’s one more point I’d like to make. When you start doing back-of-the-envelope calculations about the scale of the plan, keep in mind that COVID-19 is a worldwide phenomenon. We aren’t just talking about innoculating 330 million Americans but 7.5 billion people in the world. In many places the refrigeration requirements of Pfizer’s solution would be as insurmountable a problem as putting it on the moon would be. I’ve also heard a lot of people making blithe assertions of priorities, e.g. healthcare workers and the elderly. I think that in the real world first priority will be given to all “essential workers” which, as we have learned is half of the population. Don’t be surprised if in some countries the military comes first.

11 comments… add one
  • Drew Link

    “The nation faces a massive, surging wave of infection into a population dangerously fatigued and complacent. Until the vaccine arrives, the pandemic demands a far more vigorous response.”

    We apparently cannot resist the temptation to borrow trouble.

  • PD Shaw Link

    The media has been too focused on the single vaccine. There are a couple more vaccines expected to announce this month — the names I’ve seen mentioned are Moderna which is apparently of similar design and would provide additional data on mRNA vaccines, and AstraZeneca which is a viral vector vaccine shown to be promising with older people. Given the effectiveness of Pfizer’s, its likely that these other vaccines will be effective as well, but perhaps with significant differences. World governments have prepaid for different vaccines, so they will be used if approved.

    As of last month, drug companies had already manufactured millions of doses of various vaccines in preparation for approval; I don’t know what portion was Pfizzer’s, but the drug companies collectively have initial product available to start distributing with government approval. Other companies have their own initial manufacturing capacity lined up.

    There is a distribution plan in place for most of the country with the cold storage units identified and plans for using dry ice when necessary. The question of who to vaccine, probably depends first on any risks suggested in the phase III report. I am guessing that the cold storage units to be used for vaccines are already deeply enmeshed with medical care networks, so healthcare workers will get vaccinated first based upon policy and proximity.

  • PD Shaw Link

    I see from Alex Tabarrok’s recent column in Bloomberg that the Moderna vaccine can be stored in regular freezers, so there is a significant difference. Tabarrok’s column advocates a lottery to determine who gets its.

  • Grey Shambler Link

    Another positive thought is that there’s no reason to risk inoculation of children. Unknown long term risks are limited to adults.
    Plus we gain safety if those around us are inoculated, even if we need to wait.
    Been my experience in life though that while your attention is diverted by one danger,
    something else is likely sneaking up on you.

  • Drew Link
  • PD Shaw Link

    It’s the minks, Grey Shambler, it’s always been the minks.

  • walt moffett Link

    Borrowing trouble is one reason why primates haven’t died out.

    Moving on, the competition for vaccine will be fierce partisan with much flame, smoke and vigor. Will be interesting to see when say, Estonia flavors their own over the multi generational Russian immigrants or Burma settles the Rohingya problem.

  • steve Link

    Very nice review of the meaning of CT values at link. Drew’s source either does not understand them or is just using them to sound like they prove some point, when they do not. In fact, true false positives are pretty uncommon. When the incidence in the community is higher then the likelihood of a false positive is lower. The increasing number of hospitalizations is a secondary factor that tis used to support the test results. For example we had 35 Covid inpatients last week. This week we have 65. We are looking at a steadily increasing curve.

    Got any good articles articles on investing gin gold you want to share from zero hedge? Those are better and usually have more facts in them.

    https://www.publichealthontario.ca/-/media/documents/ncov/main/2020/09/cycle-threshold-values-sars-cov2-pcr.pdf?la=en

    Steve

  • steve Link

    Also, there are several studies and case reports supporting that asymptomatic pts can be infectious. It is a lie to claim that. Anyone who writes or believes that is , what was the phrase? “a dishonest fuck.”

    Steve

  • Grey Shambler Link

    minks

    Knew it!

  • They are weasels, you know

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