Tag Archives: mln

Japan’s Moderna vaccine contamination woes widen as 1 mln more shots withdrawn

  • Total of over 2.6 mln Moderna shots pulled in Japan
  • Contaminants found in vaccines in Gunma and Okinawa

TOKYO, Aug 30 (Reuters) – Moderna Inc’s (MRNA.O) COVID-19 vaccine contamination woes in Japan have widened with another million doses being suspended, after foreign substances were found in more batches and two people died following shots from affected lots.

The suspension of Moderna supplies, more than 2.6 million does in total, comes as Japan battles its worst wave of COVID-19 yet, driven by the contagious Delta variant, with new daily infections exceeding 25,000 this month for the first time amid a slow vaccine rollout.

The latest reports of vaccine contamination came from the Gunma prefecture near Tokyo and the southern prefecture of Okinawa, prompting the suspension of two more lots in addition to the 1.63 million doses already pulled last week.

A tiny black substance was found in a Moderna vaccine vial in Gunma, an official from the prefecture said, while in Okinawa, black substances were spotted in syringes and a vial, and pink material was found in a different syringe.

The fresh suspensions followed a government report on Saturday that two people died after receiving Moderna shots that were among lots later suspended.

The government had said that no safety or efficacy issues had been identified and that the suspension was a precaution. The causes of death are being investigated.

“It is unlikely, in my opinion, that contamination of foreign substances led directly to sudden deaths,” said Takahiro Kinoshita, a physician and vice chair of Cov-Navi, a vaccine information group.

“If the contaminated substances were dangerous enough to cause death for some people, probably many more people would have suffered from some symptoms after the vaccination.

“However, further investigations are definitely needed to evaluate the harm of the particular doses in question.”

‘LOOK AT THE BIGGER PICTURE’

Japan earlier halted the use of 1.63 million Moderna doses, shipped to 863 vaccination centres nationwide after the domestic distributor, Takeda Pharmaceutical (4502.T), received reports of contaminants in some vials.

Some 500,000 people received shots from those supplies, Taro Kono, the minister in charge of the vaccine push, has said.

Moderna and Spanish pharma company Rovi (ROVI.MC), which bottles Moderna vaccines for markets other than the United States, said at the time that the contamination could be due to a manufacturing issue in one of Rovi’s production lines.

Takeda said on Monday that the investigation is ongoing.

The affected vaccines in Gunma are from a Moderna lot that is different from those whose use has already been suspended, the Gunma official said.

Vaccines from the same lot have been administered to 4,575 people in Gunma, but the prefecture has heard no reports of ill health, the official said.

The contamination “is a serious problem” and there is need to investigate, but given rising COVID-19 cases, Moderna vaccinations should “continue with appropriate precautions”, said Nicholas Rennick, an Australian doctor practicing at the NTT Medical Centre in Tokyo.

Severe COVID-19 cases are at record levels in Japan, leaving many people to recuperate at home amid a shortage of critical care beds. Only 44% of its population has been fully vaccinated, lagging vaccination rates of several developed countries.

Japan is looking into the possibility of mixing shots of AstraZeneca’s (AZN.L) vaccine with those developed by other drugmakers to speed up vaccination.

“We’ve got thousands of Delta variant patients around Japan as we speak, spreading the virus, and so many of the population remain unvaccinated and unprotected,” Rennick said.

“We have to look at the bigger picture.”

Reporting by Kiyoshi Takenaka and Rocky Swift in Tokyo; Editing by Himani Sarkar

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Moderna withholds 1.63 mln COVID-19 vaccine doses in Japan due to contamination

Aug 25 (Reuters) – Moderna Inc (MRNA.O) said on Wednesday it has withheld supply of about 1.63 million doses of its COVID-19 vaccine in Japan after a report of contamination of vials with particulate matter, which it suspects involves a production line in Spain.

Although Moderna said no safety or efficacy issues had been identified, the suspension is a fresh setback for the firm, whose partners had production delays last month that disrupted supplies to countries, including South Korea.

That has prompted some Japanese companies to cancel worker vaccinations planned for Thursday, as most of doses in question have been supplied to mass vaccination sites and workplaces in Japan.

“Moderna confirms having been notified of cases of particulate matter being seen in drug product vials of its COVID-19 vaccine,” Moderna said in a statement.

“The company is investigating the reports and remains committed to working expeditiously with its partner, Takeda, and regulators to address this,” it added, referring to Japan’s Takeda Pharmaceutical (4502.T).

It said the contamination could be due to a manufacturing issue in one of the production lines at its contract manufacturing site in Spain.

It was not immediately clear whether the issue impacted supplies to other countries.

Moderna did not immediately respond to a Reuters’ request for comment. Spain’s Rovi (ROVI.MC), which bottles or “fills and finishes” Moderna vaccines for markets other than the United States, was not immediately available to comment.

The vaccine lot with complaints had 565,400 doses and Moderna said that “out of an abundance of caution” it had put the lot on hold and two adjacent ones.

Takeda said it conducted an emergency examination after particulate matter was found in a lot of vaccine vials at an inoculation site in Japan.

Japan’s health ministry has decided to withdraw some doses as a precaution after consultation with Takeda but it said it would strive to minimize the impact of the withdrawal on its inoculation plans.

Chief cabinet secretary Katsunobu Kato said there had been no cases reported of health issues related to contaminated shots administrated.

Between Aug. 6 and Aug. 20, vaccines from the lot in question were used at a mass public vaccination centre in Osaka, according to the defence ministry, which operates the centre. The ministry did not said how many people were affected.

Japan Airlines said it had cancelled some COVID-19 vaccinations for its employees on Thursday after receiving Moderna vaccines with particulate matter.

Another Japanese carrier, ANA, also held off on its vaccinations on Thursday according to Kyodo news agency.

Prime Minister Yoshihide Suga said on Wednesday that about 60% of the public will be fully vaccinated by end September and that the country had enough vaccines to provide booster doses if such a decision is taken.

Reporting by Manojna Maddipatla and Nikhil Kurian Nainan in Bengaluru, Chang-Ran Kim in Tokyo and Ju-min Park; Editing by Miyoung Kim, Himani Sarkar and Gerry Doyle

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China’s Evergrande to sell stakes in HengTen internet unit for $418 mln

A logo of China Evergrande Group is displayed at a news conference on the property developer’s annual results in Hong Kong, China March 28, 2017. REUTERS/Bobby Yip/File Photo

HONG KONG, Aug 2 (Reuters) – China’s most indebted property developer Evergrande Group (3333.HK) has agreed to sell stakes in its internet unit HengTen Networks Group Ltd (0136.HK) worth a total of HK$3.25 billion ($418.2 million), an exchange filing showed on Sunday.

Shares of Evergrande declined more than 2% in early trading on Monday on continued worries over its financial health, while HengTen jumped more than 30%. Shares of HengTen resumed trading on Monday after a suspension on Thursday.

Worries over the developer’s debt and the potential for systemic financial risk have intensified after Evergrande said in June its project companies had not paid some commercial paper on time, but it said it was arranging payment.

Fitch downgraded its credit rating on Wednesday, signalling its concern of a potential default. read more

To ease the pressure, Evergrande will sell a 7% stake at HK$3.20 per share to a unit of Tencent Holdings Ltd. for HK$2.07 billion and a 4% stake to an unidentified buyer for HK$1.18 billion. The filing did not give a timing for the sale.

Before the transaction, Evergrande held a 37.55% stake in the company, while Tencent (0700.HK)held 16.9%. Evergrande’s stake will go down to 26.55% and Tencent’s holdings will increase to 23.9% after the sale, the filing showed.
Evergrande has agreed to provide a 5-year loan of HK$2.07 billion to HengTen to support its business development, the company added in the filing.

HengTen’s shares are expected to resume trading on Aug. 2 after being halted on July 29, the filing showed.

($1 = 7.7720 Hong Kong dollars)

($1 = 7.7721 Hong Kong dollars)

Reporting by Marius Zaharia; Additional reporting by Clare Jim; editing by Barbara Lewis and Sonali Paul

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Zoom reaches $85 mln settlement of lawsuit over user privacy, ‘Zoombombing’

Small toy figures are seen in front of Zoom logo in this illustration picture taken March 15, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

Aug 1 (Reuters) – Zoom Video Communications Inc (ZM.O) agreed to pay $85 million and bolster its security practices to settle a lawsuit claiming it violated users’ privacy rights by sharing personal data with Facebook, Google and LinkedIn, and letting hackers disrupt Zoom meetings in a practice called Zoombombing.

A preliminary settlement filed on Saturday afternoon requires approval by U.S. District Judge Lucy Koh in San Jose, California.

Subscribers in the proposed class action would be eligible for 15% refunds on their core subscriptions or $25, whichever is larger, while others could receive up to $15.

Zoom agreed to security measures including alerting users when meeting hosts or other participants use third-party apps in meetings, and to provide specialized training to employees on privacy and data handling.

The San Jose-based company denied wrongdoing in agreeing to settle. It did not immediately respond on Sunday to a request for comment.

Saturday’s settlement came after Koh on March 11 let the plaintiffs pursue some contract-based claims. read more

Though Zoom collected about $1.3 billion in Zoom Meetings subscriptions from class members, the plaintiffs’ lawyers called the $85 million settlement reasonable given the litigation risks. They intend to seek up to $21.25 million for legal fees.

Zoombombing is where outsiders hijack Zoom meetings and display pornography, use racist language or post other disturbing content.

Koh said Zoom was “mostly” immune for Zoombombing under Section 230 of the federal Communications Decency Act, which shields online platforms from liability over user content.

Zoom’s customer base has grown sixfold since the COVID-19 pandemic forced more people to work from home.

The company had 497,000 customers with more than 10 employees in April 2021, up from 81,900 in January 2020. It has said user growth could slow or decline as more people get vaccines and return to work or school in-person.

The case is In re: Zoom Video Communications Inc Privacy Litigation, U.S. District Court, Northern District of California, No. 20-02155.

Reporting by Jonathan Stempel in New York; Editing by Andrea Ricci

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Lordstown Motors says hedge fund may buy up to $400 mln of its stock

A Lordstown Motors pre-production all electric pickup truck, the Endurance, is seen after being merged with a chassis at the Lordstown Assembly Plant in Lordstown, Ohio, U.S., June 21, 2021. REUTERS/Rebecca Cook

July 26 (Reuters) – Lordstown Motors Corp (RIDE.O) said on Monday hedge fund YA II PN Ltd has committed to purchase up to $400 million of the company’s shares, over a three year period, coming at a crucial time when the electric-truck maker faces heightened regulatory scrutiny related to its SPAC merger and vehicle pre-orders.

Under the deal, YA can receive nearly 35 million Lordstown shares upon execution of the agreement, subject to the approval of Lordstown shareholders, as well as a small discount on the shares whenever purchased, according to a regulatory filing.

Lordstown’s shares rose 3.9% to $7.77 and are on track to snap a three-day streak of losses.

Some industry observers called it a good deal for Lordstown.

“Existing shareholders are not taking $400 million worth of dilution. It’s like a standby commitment on the part of YA to buy stock when Lordstown says it needs more money,” said Erik Gordon, professor at the University of Michigan’s Ross School of Business.

“I was surprised. It’s more like the knight in shining armor than the vulture at the carcass.”

The agreement comes a month after Lordstown warned it may not be able to continue as a “going concern.” The company had since attempted to allay fears by saying it was in talks with multiple parties to raise funds.

The investor, YA II PN Ltd, is a fund managed by Mountainside, New Jersey-based investment manager Yorkville Advisors Global LP.

Yorkville has investments in more than 700 companies in over 20 countries, according to its website. Its current active sectors include healthcare, metals and mining, energy, technology, and cannabis. Some of its investments include cannabis deals network Leafbuyer.com, copper ores company Copperstone Resources and biotechnology company CytoTools.

Yorkville Advisors Global did not immediately respond to a Reuters’ request for comment.

(This story corrects typo in headline to say “up to”)

Reporting by Eva Mathews and Ankit Ajmera in Bengaluru and Ben Klayman in Detroit; Editing by Shailesh Kuber and Krishna Chandra Eluri

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Taiwan’s Foxconn, TSMC confirm $350 mln COVID-19 vaccine deal

Syringes are seen in front of a displayed Biontech logo in this illustration taken November 10, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

TAIPEI, July 12 (Reuters) – Taiwan’s Foxconn (2317.TW) and TSMC (2330.TW) said on Monday they had reached deals to buy 10 million doses of Germany’s BioNTech SE’s (22UAy.DE) COVID-19 vaccine, putting the total cost of the highly politicised deal at around $350 million.

Taiwan’s government has tried for months to buy the vaccine directly from BioNTech and has blamed China, which claims the self-ruled island as its own territory, for nixing an agreement the two sides were due to sign earlier this year. China denies the accusations.

Last month, facing public pressure about the slow pace of Taiwan’s inoculation programme, the government agreed to allow Foxconn’s founder Terry Gou, as well as Taiwan Semiconductor Manufacturing Co (TSMC), to negotiate on its behalf for the vaccines.

BioNTech’s Chinese sales agent Shanghai Fosun Pharmaceutical Group Co Ltd (600196.SS) said on Sunday that an agreement had been signed, though no details of a delivery timeframe have been revealed yet.

Gou wrote on his Facebook page that he was “gratified” the deal had been completed, which will see Foxconn and TSMC each buy 5 million doses, to be donated to the government for distribution.

“But we can’t relax, because we will continue to work hard to push for the delivery time and quantity,” he said, adding the vaccines will come directly from Germany.

“However, this batch of vaccines delivered directly from the German factory I believe will help Taiwanese society to increase confidence and offer respite in the face of the epidemic.”

TSMC and Foxconn are major Apple Inc (AAPL.O) suppliers.

Taiwan’s government said it would comment later on Monday.

Gou said Beijing did not interfere in the talks.

“During the negotiation period after my donation was proposed, there was no guidance or interference from the Beijing authorities in the mainland on the vaccine procurement process.”

A person familiar with the negotiations said the first batch of vaccine is expected in September at the earliest, but it was not immediately clear how many doses could be delivered.

The German firm has yet to comment, and Fosun deleted an earlier statement from its WeChat account citing BioNTech Chief Executive Ugur Sahin as saying the company was “very grateful” to be able to supply the vaccine to Taiwan.

Fosun did not immediately respond to a request for comment on why those comments were removed.

The BioNTech vaccine drama has transfixed Taiwan and dominated headlines. A major Taiwanese Buddhist group, the Tzu Chi Foundation, is also trying to buy the shots.

Taiwan has millions of vaccines on order, mainly from AstraZeneca Plc (AZN.L) and Moderna Inc (MRNA.O), while the United States and Japan have together donated almost five million doses to the island to help speed up vaccinations.

The person familiar with the talks said the involvement of TSMC and the unconditional U.S. and Japanese vaccine donations had created a global environment that was favourable to Taiwan and made it hard for China to obstruct the deal.

Around one-tenth of Taiwan’s 23.5 million people have received at least one of the two-shot regimen, though Taiwan’s own relatively small domestic coronavirus outbreak is now largely under control.

Reporting by Ben Blanchard and Yimou Lee; Additional reporting by Beijing newsroom; Editing by Muralikumar Anantharaman and Kim Coghill

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Hackers demand $70 mln to restore data held by companies hit in cyberattack – blog

A man types on a computer keyboard in Warsaw in this February 28, 2013 illustration file picture. REUTERS/Kacper Pempel/File Photo

WASHINGTON, July 5 (Reuters) – Hackers suspected to be behind a mass extortion attack that affected hundreds of companies worldwide late on Sunday demanded $70 million to restore the data they are holding ransom, according to a posting on a dark web site.

The demand was posted on a blog typically used by the REvil cybercrime gang, a Russia-linked group that is counted among the cybercriminal world’s most prolific extortionists.

The gang has an affiliate structure, occasionally making it difficult to determine who speaks on the hackers’ behalf, but Allan Liska of cybersecurity firm Recorded Future said the message “almost certainly” came from REvil’s core leadership.

The group has not responded to an attempt by Reuters to reach it for comment.

REvil’s ransomware attack, which the group executed on Friday, was among the most dramatic in a series of increasingly attention-grabbing hacks.

The gang broke into Kaseya, a Miami-based information technology firm, and used their access to breach some of its clients’ clients, setting off a chain reaction that quickly paralyzed the computers of hundreds of firms worldwide.

An executive at Kaseya said the company was aware of the ransom demand but did not immediately return further messages seeking comment.

About a dozen different countries were affected, according to research published by cybersecurity firm ESET.

In at least one case, the disruption spilled out into the public domain when Swedish Coop grocery store chain had to close hundreds of stores on Saturday because its cash registers had been knocked offline as a consequence of the attack. read more .

Earlier on Sunday, the White House said it was reaching out to victims of the outbreak “to provide assistance based upon an assessment of national risk.” read more

The impact of the intrusion is still coming into focus.

Those hit included schools, small public-sector bodies, travel and leisure organizations, credit unions and accountants, said Ross McKerchar, chief information security officer at Sophos Group Plc (SOPH.L).

McKerchar’s company was one of several that had blamed REvil for the attack, but Sunday’s statement was the group’s first public acknowledgement that it was behind the campaign.

Ransom-seeking hackers have tended to favor more focused shakedowns against single, high-value targets like Brazilian meatpacker JBS (JBSS3.SA), whose production was disrupted last month when REvil attacked its systems. JBS said it ended up paying the hackers $11 million.

Liska said he believed the hackers had bitten off more than they could chew by scrambling the data of hundreds of companies at a time and that the $70 million demand was an effort to make the best of an awkward situation.

“For all of their big talk on their blog, I think this got way out of hand,” he said.

Reporting by Raphael Satter; Editing by Kim Coghill, Robert Birsel

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