‘We have a tragedy of the commons’: How a VC thinks his new company can lower drug prices

first_imgBiotech Matthew Herper By Adam Feuerstein and Matthew Herper Jan. 17, 2020 Reprints Adam Feuerstein A venture capitalist made some waves early in the J.P. Morgan Healthcare Conference when he announced his new company’s mission is to make medicines less expensive. After all, two of his previous investments have fueled drug makers using genetics to treat cancer — the kind of approach that has produced remarkable outcomes but also driven up the price of drugs.Alexis Borisy, known for co-founding Foundation Medicine and Blueprint Medicines and wearing felt fedoras, seeks to bring down prices at his new company, called EQRx. The plan is to make “equivalars,” blockbuster look-alikes that have their own intellectual property but cost far less. Borisy talked about EQRx and its chances with STAT earlier this week at JPM.  What’s included? Senior Writer, Medicine, Editorial Director of Events Matthew covers medical innovation — both its promise and its perils. Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTED STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. EQRx’s Alexis Borisy (left) and Melanie Nallicheri. Jessica Rinaldi/The Boston Globe @adamfeuerstein Tags drug developmentSTAT+center_img About the Authors Reprints ‘We have a tragedy of the commons’: How a VC thinks his new company can lower drug prices Senior Writer, Biotech Adam is STAT’s national biotech columnist, reporting on the intersection of biotech and Wall Street. He’s also a co-host of “The Readout LOUD” podcast. @matthewherper Log In | Learn More [email protected] What is it? GET STARTED [email protected] Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr.last_img read more

Pfizer and BioNTech to provide Covid-19 vaccine to Olympic, Paralympic delegations

first_img Senior Writer, Infectious Disease Helen covers issues broadly related to infectious diseases, including outbreaks, preparedness, research, and vaccine development. About the Author Reprints Pedestrians wear protective masks as they walk through a shopping district in Tokyo. Eugene Hoshiko/AP Polling has suggested most Japanese would like to see the games — which were originally scheduled for 2020 — postponed again or canceled. An online petition calling for the events to be canceled has reportedly received tens of thousands of signatures.“This donation of the vaccine is another tool in our toolbox of measures to help make the Olympic and Paralympic Games Tokyo 2020 safe and secure for all participants and to show solidarity with our gracious Japanese hosts,” said IOC President Thomas Bach. “We are inviting the athletes and participating delegations of the upcoming Olympic and Paralympic Games to lead by example and accept the vaccine where and when possible.”Bioethicist Arthur Caplan of New York University said he feared the plan to vaccinate all delegations was a “risky fig leaf.” He noted that vaccinations would remain voluntary, and that spread of the virus remains a major concern.“New strains are appearing in many nations that plan to be in Tokyo.  The numbers of people involved in pulling this off … are staggering,” he said. “Doing the NCAA basketball tournaments was very hard, admittedly without easy access to vaccines, but the numbers in an Olympics are just astronomically tougher.”Just how large a contingent of people the companies have promised to help vaccinate isn’t yet clear. A spokeswoman for BioNTech said the companies are in the process of coordinating with national Olympic committees to assess the need. At the last summer Olympics and Paralympics, the Rio de Janeiro Games of 2016, more than 15,000 athletes competed. But in addition to athletes, national teams consist of coaches, trainers, judges and other officials, all of whom, presumably, will need to be vaccinated to travel to Japan. Newsletters Sign up for Morning Rounds Your daily dose of news in health and medicine. Please enter a valid email address. By Helen Branswell May 6, 2021 Reprints Pfizer and its partner BioNTech announced Thursday that they would provide Covid-19 vaccine to all Olympic and Paralympic delegations headed to the Summer Games in Tokyo, vaulting them ahead of health workers, older adults, and others in countries struggling to acquire their own supplies.The goal is to provide two doses of vaccine to all athletes, coaches, and country delegations before they arrive in Japan in July, the companies said in a statement.“The return of the Olympic and Paralympic Games represents a monumental moment of world unity and peace after a grueling year of isolation and devastation. We are proud to play a role in providing vaccines to athletes and national Olympic delegations,” Pfizer CEO Albert Bourla said.advertisementcenter_img Leave this field empty if you’re human: The announcement comes at a time when many countries are struggling to acquire enough vaccine to protect health workers and older adults, who are at highest risk of contracting Covid-19 and, in the case of the latter, of suffering severe disease if they do.In fact, the host nation, Japan, is trailing many of its economic peers in its vaccination efforts, having protected only about 2% of its population so far. African countries are trailing the world, with the continent only receiving 1% of the vaccines administered worldwide.advertisement @HelenBranswell Helen Branswell Privacy Policy HealthPfizer and BioNTech to provide Covid-19 vaccine to Olympic, Paralympic delegations Tags Coronavirusvaccinelast_img read more

Driver runs away after crashing car in Lehigh Acres

first_imgAdvertisement Lehigh Acres man gains attention for riding bike backwards June 16, 2021 AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments Lehigh Elementary preschool teacher accused of child abuse won’t renew contract June 16, 2021 Advertisement Car splits in two after slamming into Cape Coral power pole June 16, 2021 AdvertisementTags: crashLehigh Acrestraffic stop Driver slams parked cars into Lehigh Acres home RELATEDTOPICS June 17, 2021 AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments LEHIGH ACRES, Fla. – Lee County deputies are searching for a driver after he took off from an attempted traffic stop and crashed his car in Lehigh Acres early Tuesday morning. A helicopter was seen circling the area of the crash near Meadow Road and Owen Avenue South before 1 a.m.A silver car was found crashed onto a bed of rocks. Deputies said the driver ran from the scene after crashing his car. No one has been taken into custody yet, but deputies said they know who the man is. Advertisementlast_img read more

[Photo] China monitoring smugglers day and night near Amnok River

first_img SHARE RELATED ARTICLESMORE FROM AUTHOR By Daily NK – 2017.08.14 5:43pm A Chinese police patrol car on the road near the Amnok River in Dandong (China) on the night of August 6. The riverside is being monitored day and night as part of a wider crackdown on smuggling activities. Image: Daily NK News NewsEconomy Facebook Twitter From the night of August 6, several patrol cars from China’s Ministry of Public Security appeared on the road near the Amnok (Yalu) River in Dandong, Liaoning Province (China). The patrol cars remained to monitor the area even after midnight. No fishing boats could be seen on the waters ranging from Dandong to Sinuiju (North Pyongan Province, North Korea), except for a few boats docked by the riverside.On August 5, the day prior, the United Nations Security Council adopted Resolution 2371 on North Korea, prohibiting the export of marine products from North Korea. According to a source, because the Security Council included fisheries products on the list of sanctions for the first time, the Chinese authorities have mobilized patrol cars in an apparent signal of their intent to monitor smuggling activities.As the strengthened measures are even extending to nighttime, fisheries traders are feeling perplexed. “After the UNSC adopted new resolutions against North Korea, the number of public security patrol vehicles on the road near the Amnok River in Dandong has markedly increased. Traders, who used to smuggle small volumes of fisheries products at night when surveillance is usually loosened, are expressing embarrassment,” a source familiar with North Korean affairs in China told Daily NK on August 7.Multiple sources have confirmed that Chinese public security officers and border guards have been focusing on the smuggling of maritime products since August 5.According to the source, smugglers from both the Chinese and North Korean sides normally have to pay 20,000 RMB (about USD$3,000) when caught by the Chinese police. In addition, North Korean fishing boats must immediately return to the North after being detained.In view of the strengthened crackdowns by the Chinese authorities, smugglers are increasingly worried that Dandong and Sinuiju will both face economic difficulties. The fisheries trade had been active between the two countries until early this year, adding to a sense of confusion amongst traders.The volume of maritime products North Korea exported to China from January to November last year was estimated at approximately USD$170 million (about 200 billion KPW). The industry accounts for 7% of North Korea’s total exports to China, ranking fourth highest in terms of export volumes.Some Chinese enterprises even subcontract work out to North Korean traders to expand trade volumes. Voice of America (VOA) reported on January 20 that approximately 60 fisheries processing companies in the Hunchun Border Economic Cooperation Zone are providing subcontract work to North Korean fisheries companies. As the maritime products industry is included on the new list of sanctions, the economic blow to the Chinese Northeastern Provinces (Liaoning, Jilin, and Heilongjiang Provinces) is expected to be significant.North Korea naturally stands to face the greatest economic impact under the new measures. The isolated country has been expanding the export of fisheries products as a new avenue to earn foreign currency after coal and iron ore exports were sanctioned. This is why Kim Jong Un has been emphasizing the fisheries industry since he came to power and has referred to the ‘abundance of the ocean’ recently. Following Kim Jong Un’s orders, fisheries offices in North Korea have been sending fishermen out to sea in droves. However, many of these efforts are now likely to be abandoned as trading opportunities have closed.The Chinese and North Korean traders whose livelihoods are being threatened by the new sanctions are seeking a new smuggling strategy to remain in business. “Many traders believe that the old methods are insufficient to circumvent sanctions. Some are openly criticizing the Chinese authorities as the intensified crackdowns are shutting down the existing smuggling routes,” the source said.It remains to be seen how long the Chinese authorities will maintain their heightened monitoring of smuggling routes. The Chinese government is thought to be unlikely to support ongoing sanctions if it harms the regional economies of its three northeastern provinces. North Korean traders are also likely to adapt, having previously managed to export sanctioned products by disguising the origin of the products and the content of packages. In some cases, products for smuggling have been shipped by North Korean naval patrol boats and traded in common waters near China.In addition, as Kim Jong Un has emphasized the need to develop the fisheries industry, the North Korean authorities are likely to enact measures to ensure that smuggling activities will continue.A separate source in China with knowledge of the situation said, “China seems intent on showing the international community that it will actively participate in sanctions against the North. But as the border between China and North Korea from the Tumen River to the Amnok River stretches for 1,300 km, it remains to be seen whether the Chinese government can really block North Korea’s meticulous smuggling efforts.” *This article was amended on August 18, 2016. It previously stated that the China-North Korea border stretched for 13,300 km; the distance is 1,300 km.  Proposal to shift “general markets” to “specialized markets” finds little support among N. Korean leaders News North Korea Market Price Update: June 8, 2021 (Rice and USD Exchange Rate Only) AvatarDaily NKQuestions or comments about this article? Contact us at [email protected] US dollar and Chinese reminbi plummet against North Korean won once again [Photo] China monitoring smugglers day and night near Amnok River News last_img read more

TSX pulls back as Wall Street’s worries spread north

first_imgDavid Friend Keywords Marketwatch Share this article and your comments with peers on social media The Toronto stock market closed sharply lower on Wednesday, with nearly every sector pulling back as fresh U.S. economic data raised questions about whether stocks are overvalued. The S&P/TSX composite index ended down 151.89 points at 14,929.37 as worries spread. The Canadian dollar also lost ground, dropping 0.1 of a U.S. cent to 79.89 cents. S&P/TSX composite hits highest close since March on strength of financials sector TSX gets lift from financials, U.S. markets rise to highest since Marchcenter_img Toronto stock market dips on weakness in the energy and financials sectors Traders were faced with a discouraging report from the U.S. Commerce Department showing that orders for durable goods fell 1.4 per cent in February, which suggested that lower demand for commercial aircraft, cars and machinery could be a sign of further trouble to come. Kash Pashootan, portfolio manager at Ottawa-based First Avenue Advisory, said that after five years of returning gains above historical averages, stock markets could be headed for a bumpy ride. “I think that we could potentially be setting the stage for a correction and greater volatility as we head into the summer months,” Pashootan said. “We’re seeing the hangover effect of having the market appreciate for five years straight.” Investors are taking a cautious approach as they await earnings data that will indicate how much the stronger U.S. dollar is hurting the bottom lines at American multinational companies. Traders are also looking for more clarity from the U.S. Federal Reserve on when interest rates are going to rise. “You’re not going to see the market set new highs from here unless it sees its next growth catalyst,” Pashootan said. The Dow Jones industrial average plunged 292.60 points to 17,718.54, while broad weakness in technology and biotech stocks dragged the Nasdaq 118.21 points lower to 4,876.52. The S&P 500 index fell 30.45 points to 2,061.05. In commodities, crude oil settled at its highest level in more than two weeks, as political uncertainty in Yemen added pressure to supply concerns. The May crude contract moved ahead $1.70 to close at $49.21 a barrel as the TSX energy sector rose 0.7 per cent, making it the sole advancer. April gold bullion was up $5.60 at US$1,197 an ounce. The TSX metals and mining sector was the biggest decliner, slumping 3.2 per cent. Shares of Kraft Foods Group were up more than 35 per cent following a friendly takeover offer by H.J. Heinz Co. Under the deal, Kraft shareholders will own 49 per cent of the new Kraft Heinz Co. Its shares gained $21.85 to US$83.17. Quebecor Inc.’s (TSX:QBR.B) shares rose 34 cents to $33.68 after the Competition Bureau gave Postmedia (TSX:PNC.B, TSX:PNC.A) approval to buy Quebecor’s chain of Sun Media English-language newspapers and digital properties. Bank of Canada governor Stephen Poloz will speak at the Chamber of Commerce in the U.K. on Thursday where he may offer some insight into the impact of weak oil prices on the domestic economy and the timing of another interest rate move. Related news Facebook LinkedIn Twitterlast_img read more

Wealth drives RESPs, but financial literacy plays a big part too: StatsCan

first_img CERB payments went to workers hit hard by lockdowns: StatsCan School exam student's taking educational admission test in class, thinking hard, writing answer in university classroom, education and world literacy day concept (School exam student's taking educational admission test in class, thinking hard, writing iStock Wealth is the biggest reason why richer parents are more likely to open an RESP for their kids, but financial literacy plays a significant role too, according to a study from Statistics Canada.In a new report, StatsCan said that even as the prevalence of parents opening RESPs has increased, the gap in adoption between higher-income households and lower-income households has persisted. Parents in the top income quartile remain about twice as likely to open as RESP as parents in the bottom quartile. James Langton Share this article and your comments with peers on social media Ontario unlikely to balance budget by 2030: FAO A deadly first wave, followed by a tsunami of excess deaths Keywords RESPs,  Pandemics,  CoronavirusCompanies Statistics Canada Related news StatsCan’s study aimed to unpack the reasons for this persistent disparity.Differences in wealth is by far the biggest factor, the study noted, concluding that wealth inequality accounts for between 50% and 79% of the gap in RESP participation between rich and poor families. The significance of wealth differences varies depending on the method and data used in the analysis, StatsCan noted.The study also aimed to uncover the other factors that explain the RESP gap, such as differences in parents’ education levels. It found that financial literacy is the most important secondary factor.Higher financial literacy among parents in the top quartile versus those in the bottom quartile accounts for 13% to 19% of the gap in RESP participation, the study found.Differences in general literacy and numeracy, and differences in parental education are “statistically insignificant” factors, the paper said.“The results thus provide no compelling evidence that raising literacy rates among low-income parents would increase their RESP participation rates. However, there may be some role for financial literacy,” the study concluded.Importantly, StatsCan noted earlier research has shown that having an RESP is a significant factor in determining whether children pursue some form of post-secondary education.“Youth who had access to an account were more likely to subsequently enrol in university or college than those who did not have an RESP,” StatsCan said. “This was the case even after accounting for differences in family income, parental education and the academic performance of the children.”The study also suggested that the Covid-19 pandemic may affect RESP participation rates and contribution levels in the years ahead.While stock market volatility may have damaged the value of RESPs in the short-term, the economic disruption caused by the pandemic could hurt students’ savings capacity and their ability to seek help from family.“Current and prospective postsecondary students from lower-income families may be facing a particularly challenging financial situation,” the paper said. “Most do not have access to RESP savings. Many will likely have fewer job prospects to finance their studies with in the coming months.”Additionally, lower-income students may receive less financial help from their families if they’ve also lost income due to the pandemic.“This may lead some youth to postpone or forgo pursuing or finishing their postsecondary studies altogether,” the paper said. Facebook LinkedIn Twitterlast_img read more

Post-Cabinet Press Briefing Postponed Until Wednesday, 5th March 2008

first_imgRelatedPost-Cabinet Press Briefing Postponed Until Wednesday, 5th March 2008 FacebookTwitterWhatsAppEmail Jamaica House Live extended by 30 minutes with dedicated Phone Lines for Overseas CallersThe Honourable Olivia “Babsy” Grange, Minister of Information, Culture Youth and Sports wishes to advise the news media that there will be no post-Cabinet Press Briefing this week.Instead, Minister Grange says, the next post-Cabinet Press Briefing will be held on Wednesday, 5th March 2008. The briefing will be held in the Press Room at the Office of the Prime Minister, starting at 11:00 a.m.Miss Grange also wishes to announce that the time for Jamaica House Live with the Prime Minister, the Honourable Bruce Golding, has been extended by half hour and will be aired for one-and-half hours, from 8:30 p.m. to 10:00 p.m. on Wednesday night, February 27th.Wednesday’s programme will be the second in the series which sees the Prime Minister assuming the role of talk show host and addressing issues raised by members of the public who call in. Persons may also send e-mails.In addition to the extension of the broadcast time, there will now be dedicated telephone lines for overseas callers.Jamaica House Live is being aired the last Wednesday of every month and is broadcast live by a number of radio stations. RelatedPost-Cabinet Press Briefing Postponed Until Wednesday, 5th March 2008 Post-Cabinet Press Briefing Postponed Until Wednesday, 5th March 2008 UncategorizedFebruary 26, 2008center_img RelatedPost-Cabinet Press Briefing Postponed Until Wednesday, 5th March 2008 Advertisementslast_img read more

Distilled Spirits Council & Wine Institute Statement on TTB Kroger Letter

first_img TAGSDistilled Spirits CouncilfeaturedKrogerTTBWine Institute AdvertisementWASHINGTON, D.C. – The Distilled Spirits Council and Wine Institute today issued a joint statement in response to the Tax and Trade Bureau’s (TTB) letter to the organizations regarding a program proposed by Kroger.  At issue is whether the program violates the Federal Alcohol Administration Act and TTB regulations.“The Distilled Spirits Council and Wine Institute appreciate TTB’s response to our inquiry which, in combination with its separate ruling, strongly suggests that participating in the Kroger program would put participating suppliers at risk of violating their federal permits required to conduct business.”In addition, the Ohio Department of Commerce’s Division of Liquor Control stated in December 2015, that the Kroger program would violate the state’s tied house law and rules.“Given TTB’s response, along with the statement of the Ohio Division of Liquor Control, we believe that participating in the Kroger program is ill-advised because it may put a supplier’s basic permit to do business in the United States at risk.”A copy of TTB’s letter is attached and can be accessed here:TTB Letter to Distilled Spirits Council and Wine InstituteA copy of Ohio’s ruling can be accessed here:  Ohio Department of Commerce LetterThe Distilled Spirits Council is the national trade association representing producers and marketers of distilled spirits sold in the United States.Wine Institute is the public policy association of representing nearly 1,000 wineries and affiliated businesses throughout California who are responsible for 90 percent of U.S. wine production.Advertisement Facebook Twitter Email ReddIt Home Industry News Releases Distilled Spirits Council & Wine Institute Statement on TTB Kroger LetterIndustry News ReleasesSpirits BusinessWine BusinessDistilled Spirits Council & Wine Institute Statement on TTB Kroger LetterBy Press Release – February 12, 2016 47 0 Share Pinterest Linkedin Previous articleAfternoon Brief, February 12Next articleSingle Serve Trend Won’t Slow Down Press Releaselast_img read more

Oxxy Healthcare to offer up to Rs 1,000 cr loan for medical treatment in FY20

first_img News Add Comment Phoenix Business Consulting invests in telehealth platform Healpha MaxiVision Eye Hospitals launches “Mucormycosis Early Detection Centre” Related Posts Read Article The missing informal workers in India’s vaccine story Oxxy Healthcare has said it will provide interest-free loans of up to Rs 1,000 crore this fiscal for medical treatment and surgery from next month at two lakh centres which are under its network. There will be no processing fee and the application will be processed within hours, it said in a release.“Oxxy is all set to disperse medical loans worth Rs 500-1,000 crore in the current financial year. Along with its network partners, Oxxy has sourced the corpus of Rs 1,000 crore for patients’ welfare and to provide ease in treatment or surgery expenditures,” according to the release.The corpus, it added, is ready in place and can be availed from September onwards.“Interest-free medical loans will now be available to all Indians for any medical treatment or surgery. This is the first time in the world that an initiative at such a large scale has been taken,” it said, adding that the process to avail the interest-free loan is simple.The initiative has been started in collaboration with Oxxy’s medical partners, the release added.“Oxxy is already India’s largest healthcare network and understands the need to provide affordable healthcare as it is the key to the development of the Indian healthcare sector,” it added.Oxxy founder Pankaj Gupta said the company’s vision is to eradicate the tension that one faces when it comes to medical expenditure.The release further said Oxxy health plans to come with no riders, no age limit, no expenditure limit, and are valid unlimited times on OPD and IPD.According to it, more than 10,000 plans are sold every day.It also said Oxxy is valued at over $4 billion. By Press Trust of India on September 2, 2019 Menopause to become the next game-changer in global femtech solutions industry by 2025 Indraprastha Apollo Hospitals releases first “Comprehensive Textbook of COVID-19” medical treatmentOxxy HealthcarePankaj Gupta WHO tri-regional policy dialogue seeks solutions to challenges facing international mobility of health professionals Share Oxxy Healthcare to offer up to Rs 1,000 cr loan for medical treatment in FY20 Interest-free medical loans will now be available to all Indians for any medical treatment or surgery, Oxxy said in a press release Comments (0) Heartfulness group of organisations launches ‘Healthcare by Heartfulness’ COVID care applast_img read more

Confirmed coronavirus cases in Santa Monica jump to 62

first_imgHomeFeaturedConfirmed coronavirus cases in Santa Monica jump to 62 Apr. 03, 2020 at 2:16 pmFeaturedNewsConfirmed coronavirus cases in Santa Monica jump to 62Madeleine Pauker1 year agocoronavirusCOVID-19 Public health officials said Friday that 62 Santa Monica residents have tested positive for coronavirus as the total number of cases in Los Angeles County reached 4,566.An additional six people in Santa Monica were confirmed to have the virus Friday out of a total of 521 new cases reported in L.A. County. Santa Monica’s case count is 1.6 times higher than it was a week ago and L.A. County’s has more than doubled. More than 1,000 people have been hospitalized at some point, representing 22% of cases.Barbara Ferrer, director of the L.A. County Department of Public Health, said residents can expect to see 1,000 new cases each day in the coming weeks, and must continue to stay at home as much as possible and practice physical distancing.She said about 26,000 residents have been tested as of Friday, more than double the number that had been tested a week ago. Seven thousand to 10,000 people are now being tested each day, but testing is still limited to people showing symptoms who have been approved by a doctor.“We are going to see more cases of people who are positive with COVID-19, but it’s our hope that the rate increase continues to be manageable and that we don’t overwhelm our healthcare system,” she said.Ferrer also announced 11 new deaths Friday, bringing the death toll in the county to 89. The death rate now stands at 1.9%, slightly below the state’s death rate of 2.3%.Seventy-eight percent of people who have died in L.A. County were older than 65, Ferrer said. Seven people of the 11 people whose deaths were reported Friday were older than 65, three were between 41 and 65 and one was between 18 and 40. All had underlying health conditions except for one individual between 41 and 65.Ferrer said the county is investigating 321 confirmed cases of coronavirus at 67 institutional settings, and 11 residents of nursing homes and assisted living facilities have died. The number of institutions under investigation, which in addition to homes for the elderly include homeless shelters, treatment centers, jails and prisons, has quadrupled since Monday.Seven inmates and 18 employees of county jails and prisons have tested positive. Seven people experiencing homelessness have tested positive, down from the total reported Thursday because two individuals were not homeless, Ferrer said.Ferrer reiterated Friday that people can prevent themselves from spreading coronavirus to others by wearing homemade masks and should not try to purchase N95 masks, which are in short supply and should be reserved for healthcare workers.To slow the spread of coronavirus locally, Santa Monica public schools are closed indefinitely and county beaches, beach bike paths and public trails will close through at least April 19, officials said last week.City of Santa Monica parks and farmers markets are still open, but Palisades Park was closed last weekend to prevent crowding. The city’s public buildings, nonessential businesses, playgrounds, Santa Monica Pier and beach parking lots are closed through the end of [email protected] :coronavirusCOVID-19share on Facebookshare on Twitteradd a commentLaughing Matters – Beloved Brenda’s Big BirthdaySanta Monica Farmers Markets remain open after Los Angeles markets closeYou Might Also LikeFeaturedNewsBobadilla rejects Santa Monica City Manager positionMatthew Hall6 hours agoNewsBruised but unbowed, meme stock investors are back for moreAssociated Press17 hours agoNewsWedding boom is on in the US as vendors scramble to keep upAssociated Press17 hours agoNewsCouncil picks new City ManagerBrennon Dixson17 hours agoFeaturedNewsProtesting parents and Snapchat remain in disagreement over child protection policiesClara Harter17 hours agoFeaturedNewsDowntown grocery to become mixed use developmenteditor17 hours agolast_img read more