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When it comes to preparing for a swine flu outbreak, the top concern for most U.S. business leaders is getting enough vaccine for their employees, according to a new survey from the Business Roundtable.
It will be months before businesses are given the new vaccine, if they get it at all. However, ''companies are on top of the situation,'' Business Roundtable President John Castellani said Wednesday.
Right now companies are waiting to see how big the economic impact will be, and how much extra sick time they might have to grant, Castellani said. That all depends on the severity of the flu.
And companies are stepping up their own efforts to communicate with employees, by e-mailing them updates on sick leave policies and referring them to sources where they can learn more about the flu.
About 225 million doses of the swine flu vaccine are expected to be doled out through this winter.
What’s must you know?
For insights we turned to CNBC’s Pharma reporter Mike Huckman who tells us that there’s some news in the space.
BioCryst [BCRX
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] is moving its antiviral peramivir into late stage studies hoping to prove it's effective in the treatment of hospitalized patients with serious influenza. If approved this drug could be used to treat the most serious cases of swine flu -- patients that are seriously ill and in the hospital.
Meanwhile, Huckman explains that Sanofi-Aventis [SNY
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], AstraZeneca [AZN
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] and Novartis [NVS
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] all say they’ve started shipping their swine flu vaccines while Merck [MRK
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] and Baxter [BAX
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] are still awaiting approval.
What’s the trade?
To me the most interesting name in the space is Gilead [GILD
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] for Tamiflu, says Joe Terranova.
Find out about other important Pharma developments from Huckman. Watch the video now.
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Trader disclosure: On Sept. 30th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Finerman's Firm Owns (BAC) Preferred Shares, (BAC), (BAC) Call Spreads; Finerman Owns (BAC) Preferred Shares And (BAC); Finerman's Firm And Finerman Own (WFC) Preferred Shares; Finerman's Firm Owns (BKC), (DRI), (MSFT), (YUM); Finerman's Firm Is Short (CAKE), (TLT), (USO), (IJR), (IWM), (SPY), (MDY), (USO), (UNG); Grasso Owns (AAPL), (ABK), (ASTM), (BAC), (C), (COST), (CSCO), (PFE), (PRST), (V), (WMT), (FAZ); Terranova Owns (FCX), (ANR), (SU), (BUCY), (GEX), (POT), (CAM), (MSFT), (AMZN), (GDX), (KCE), (ABT), (SUN); Terranova Owns (XOM) Calls; Terranova Owns (FTO) Calls; Terranova Is Short (GRMN), (ESS), (CCL), (FII), (JWN), (JCI), (WYNN); Terranova Owns March Sugar Futures; Terranova Owns December Copper Futures; Terranova Owns December Crude Oil Futures; Terranova Owns December Gold Futures
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