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Drug-Resistant Superbug Gene Crops up in Japan, Taiko Antiseptic Maker Surges

Posted 7:00AM 09/07/10 Economy, Investing, Health Care
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Asian markets were Mixed Tuesday. In Japan the Nikkei 225 Index fell 0.8% to 9,226 and in Hong Kong the Hang Seng Index added 0.2% to close at 21,402. In China the Shanghai Composite Index inched up 0.1% to end the day at 2,698.

Japan has reported its first case of a bacterial infection containing a new gene called NDM-1 that causes microorganisms to become drug-resistant. This is scary stuff that leads to the proliferation of superbugs that can easily spread from person to person without viable treatments to keep them in check. The infection was detected at a university hospital, where a Japanese man was treated for E. coli after traveling to South Asia, according to the Japan Times. In the past year, 46 people have come down with drug-resistant bacterial infections at a Tokyo hospital, says Bloomberg. Patients in other countries have been infected, many after traveling to Asia for low-cost medical procedures.

Many Japanese already live in a state of heightened awareness where germs are involved. They are quick to break out surgical face masks if someone sneezes, and wear them out of courtesy if they come down with a cold. Japanese toilets boast extra cleaning features and there are even reports of ATM machines that clean money by heating it to 392 degrees, according to factsanddetails.com.

Today's news sent shares in Taiko Pharmaceutical, a company that makes antiseptics, shooting up 28.9%. Taiko manufactures soaps as well as a product called We'll Shield. In gel or spray form, it's touted to kill viruses and bacteria on anything from doorknobs to toilet seats -- although it also ruins fabrics and corrodes metals.

Meanwhile, Japanese drugmakers closed lower today. Chugai Pharmaceutical tumbled 1.4%, Shionogi & Co sank 0.9%, Astellas Pharma retreated 0.8% and Kaken Pharmaceutical slid 0.6%.

Clarion, a car audio system manufacturer, dived 9.2% after news spread that it is to be removed from the list of companies contributing to the Nikkei 225 Average. Shares in carmakers fell as the yen gathered strength again. Nissan Motor lost 1.8%, Mazda slumped 1.6%, Honda dropped 1.4% and Toyota sliped 0.6%.

In Hong Kong, carmakers also lost value. Warren Buffett-backed BYD sank 1.7% after reporting a slump in August sales. Dongfeng Motor skidded 4.3% and Geely Automobile, new owner of the Volvo brand, fell 2.1%.

Hong Kong's best performers included steelmakers and appliance manufacturers. Maanshan Iron & Steel soared 5.7% and Angang Steel climbed 3.8%. Television maker Skyworth Digital rocketed up 10% and air conditioner and refrigerator maker Haier Electronics leaped 8.2%.

In China, steel producers countered falls in other sectors. The authorities have ordered about 30 steel mills in Hebei province to reduce their output, and some 18 mills to close down completely, reports Reuters. This could lead to a hike in prices once overcapacity is reduced. Shanghai-listed Angang Steel blazed up 2.8% in Shanghai, Wuhan Iron & Steel rose 0.8% and Baoshan Iron & Steel added 0.7%.

Among Chinese medical companies, Hualan Biological Engineering soared 1.7% and Tianjin Tianyao Pharmaceutical gained 0.8%, while China National Medicines plunged 1.6%. Drug companies around the world now face the challenge of finding a cure for drug resistant bacterial infections strengthened by the NDM-1 gene.

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Mingo

Wasn't it written some where that all this bad stuff was comming about this time in history

September 07 2010 at 5:04 PM Report abuse +1 rate up rate down Reply
lymeonerock

if the bug doesnt get us ... the solar flares will

September 07 2010 at 2:28 PM Report abuse +4 rate up rate down Reply
Koz

Let stop all Japanese from coming to our country.

September 07 2010 at 12:44 PM Report abuse -4 rate up rate down Reply
erink91321

It Never Fails. When the Drug Companies want More Revenue they Simply Invent a New Bug. Maybe this Drug Company should be investigated for this type of thing

September 07 2010 at 12:40 PM Report abuse +4 rate up rate down Reply
Nino

Okay this article talks about a super bug but doesn't tell us what it does. Then, it talks about stocks the whole time. People who clicked on this article were likely worried about a horrible infectious disease... not Asia's stock market.

September 07 2010 at 12:39 PM Report abuse +6 rate up rate down Reply
Jay

After reading many of the posts on here this morning it never ceases to amaze me just how bad the reporting is and how moronic the posters are. First the article strayed way off of the subject....I mean what does the price of steel in China have to do with this story? Second....rather than blaming drug companies for charging to much I would give serious consideration to how to stop this bug. If it ever got out into the American public then half of our population would be dead in a matter of months if not weeks. To me it would seem that most posters on here have their priorities wrong. Worry about the bug....not about the price of steel, drugs or what car companies are doing. FYI......the number one threat we have now is a superbug or a virus that cannot be treated.......not terrorists! When one of these things gets out it will be like the black death that hit the world centuries ago and people will be carrying out their dead family members into the streets for the authorities to pick up and burn. Oh....and you better hope that the drug companies can come up with an expensive drug because that is all that stands between us and ceratin death!

September 07 2010 at 11:33 AM Report abuse +9 rate up rate down Reply
1 reply to Jay's comment
DICK

i agree....bad reporting and moronic comments, but what can we expect from an online tabloid?

September 07 2010 at 1:57 PM Report abuse +2 rate up rate down Reply
galaxy4262a

i bet the drug comp. are happy they see $ sign in ther pockets evreytime one creats a bug like this they have the cure but they will wait for a while befor they release it

September 07 2010 at 10:51 AM Report abuse +6 rate up rate down Reply
lymeonerock

this article did not go far enough in explaining what is actually happening do you ppl understand what is going on here ppl use sooo much anti bacteria that it kills our "normal" bacteria when our usual normal bacteria is gone there is nothing to fight the 1% super bug bacteria so the bug doesnt have anything resisting it in order to cause illness that's why its called "super" bug b/c it has developed resistence to regular germ killers

September 07 2010 at 10:06 AM Report abuse +4 rate up rate down Reply
1 reply to lymeonerock's comment
Marion Reed

Lymeonerock, good for you for mentioning this. If people just washed their hands more often, with good ole soap and water, we wouldn't have these super bugs threatening to run rampant. Furthermore, anti-bacterial solutions that are not based on ethyl alcohol contain potentially dangerous chemicals that could be carcinogenic (I have seen several news reports recently on this, but as it is new news, I consider it still tbd). Still, nothing is better than simply getting up and washing your hands. Anti-bacterial solutions are good for last ditch situations when soap and water are not regularly available. Also, having known someone who contracted MRSA, if you regularly visit a gym, WIPE DOWN YOUR MACHINE before and after use with a cleaning solution to ensure you are protecting yourself and others. I can't tell you how many times I've watched people not do this, and it's disgusting...don't be that person! As for AOL's reporting, this particular article strays from its topic, yes, but is it fair to say then that all of the reports on this site are of equal caliber? If so...why do you read the news here instead of elsewhere?

September 07 2010 at 4:03 PM Report abuse rate up rate down Reply
Sammy

That is what you get for eating diseased dolphin meat.

September 07 2010 at 10:00 AM Report abuse -1 rate up rate down Reply
cvdunbar

well being we are so boarder sharp and ready there should be NO way anyone could bring this super bug to America, right? LOL.

September 07 2010 at 9:36 AM Report abuse +1 rate up rate down Reply
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