815 results on '"Martin, Richard J."'
Search Results
2. Black-Scholes without stochastics or PDEs
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Martin, Richard J.
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Quantitative Finance - Pricing of Securities ,Mathematics - Probability - Abstract
We show how to derive the Black-Scholes model and its generalisation to the `exchange-option' (to exchange one asset for another) via the continuum limit of the Binomial tree. No knowledge of stochastic calculus or partial differential equations is assumed, as we do not use them., Comment: Added S1.7 on derivation of the delta
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- 2023
3. The credit spread curve. I: Fundamental concepts, fitting, par-adjusted spread, and expected return
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Martin, Richard J.
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Quantitative Finance - Pricing of Securities ,Quantitative Finance - Risk Management ,Quantitative Finance - Statistical Finance - Abstract
The notion of a credit spread curve is fundamental in fixed income investing, but in practice it is not `given' and needs to be constructed from bond prices either for a particular issuer, or for a sector rating-by-rating. Rather than attempting to fit spreads -- and as we discuss here, the Z-spread is unsuitable -- we fit parametrised survival curves. By deriving a valuation formula for a risky bond, we explain and avoid the problem that bonds with a high dollar price trade at a higher yield or spread than those with low dollar price (at the same maturity point), even though they do not necessarily offer better value. In fact, a concise treatment of this effect is elusive, and much of the academic literature on risky bond pricing, including a well-known paper by Duffie and Singleton (1997), is fundamentally incorrect. We then proceed to show how to calculate carry, rolldown and relative value for bonds/CDS. Also, once curve construction has been programmed and automated we can run it historically and assess the way a curve has moved over time. This provides the necessary grounding for econometric and arbitrage-free models of curve dynamics, which will be pursued in later work, as well as assessing how the perceived relative value of a particular instrument varies over time., Comment: Presents an extended form of the forward hazard rate model; gives details on CDS curve stripping; extends discussion on EM; new section on accreting bonds; new section on bond forwards
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- 2022
4. Hypoxemia events in preterm neonates are associated with urine oxidative biomarkers
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Raffay, Thomas M., Di Fiore, Juliann M., Chen, Zhengyi, Sánchez-Illana, Ángel, Vento, Maximo, Piñeiro-Ramos, José David, Kuligowski, Julia, Martin, Richard J., Tatsuoka, Curtis, Minich, Nori M., MacFarlane, Peter M., and Hibbs, Anna Maria
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- 2023
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5. Alan Jobe’s legendary career
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Martin, Richard J. and Bancalari, Eduardo
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- 2023
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6. A note on an absorption problem for a Brownian particle moving in a harmonic potential
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Kearney, Michael J. and Martin, Richard J.
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Condensed Matter - Statistical Mechanics - Abstract
An analysis is presented of a Brownian particle moving on the half-line, subject to a restoring force proportional to its displacement and an absorbing boundary at the origin. When the initial displacement is large, the central moments of the time to be absorbed tend to finite constants, as do the position moments when evaluated at the most probable absorption time. These quantities are derived explicitly.
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- 2021
7. Design and analysis of momentum trading strategies
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Martin, Richard J.
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Quantitative Finance - General Finance ,Quantitative Finance - Statistical Finance - Abstract
We give a complete description of the third-moment (skewness) characteristics of both linear and nonlinear momentum trading strategies, the latter being understood as transformations of a normalised moving-average filter (EMA). We explain in detail why the skewness is generally positive and has a term structure. This paper is a synthesis of two papers published by the author in RISK in 2012, with some updates and comments., Comment: v2: Expanded the Appendix
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- 2021
8. Statistics of the first passage area functional for an Ornstein-Uhlenbeck process
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Kearney, Michael J. and Martin, Richard J.
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Condensed Matter - Statistical Mechanics - Abstract
We consider the area functional defined by the integral of an Ornstein-Uhlenbeck process which starts from a given value and ends at the time it first reaches zero (its equilibrium level). Exact results are presented for the mean, variance, skewness and kurtosis of the underlying area probability distribution, together with the covariance and correlation between the area and the first passage time. Amongst other things, the analysis demonstrates that the area distribution is asymptotically normal in the weak noise limit, which stands in contrast to the first passage time distribution. Various applications are indicated., Comment: 28 pages, 3 figures, updated version as published
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- 2020
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9. Credit migration: Generating generators
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Martin, Richard J.
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Quantitative Finance - Risk Management ,Quantitative Finance - Computational Finance ,Quantitative Finance - Mathematical Finance ,Quantitative Finance - Pricing of Securities - Abstract
Markovian credit migration models are a reasonably standard tool nowadays, but there are fundamental difficulties with calibrating them. We show how these are resolved using a simplified form of matrix generator and explain why risk-neutral calibration cannot be done without volatility information. We also show how to use elementary ideas from differential geometry to make general inferences about calibration stability. This the longer version of an article published by RISK (Feb 2021)., Comment: Minor corrections from V1
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- 2020
10. Black to Negative: Embedded optionalities in commodities markets
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Martin, Richard J. and Birchall, Aldous
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Quantitative Finance - Pricing of Securities ,Quantitative Finance - Risk Management - Abstract
We address the modelling of commodities that are supposed to have positive price but, on account of a possible failure in the physical delivery mechanism, may turn out not to. This is done by explicitly incorporating a `delivery liability' option into the contract. As such it is a simple generalisation of the established Black model., Comment: Extended section on Levy models and given explicit formulae and numerical example. Corrected typo in put/call formulae (eq.5,6 in this vsn)
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- 2020
11. Fixed income portfolio optimisation: Interest rates, credit, and the efficient frontier
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Martin, Richard J.
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Quantitative Finance - Mathematical Finance ,Quantitative Finance - Risk Management - Abstract
Fixed income has received far less attention than equity portfolio optimisation since Markowitz' original work of 1952, partly as a result of the need to model rates and credit risk. We argue that the shape of the efficient frontier is mainly controlled by linear constraints, with the standard deviation relatively unimportant, and propose a two-factor model for its time evolution.
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- 2020
12. Stochastic entropy production in diffusive systems
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Martin, Richard J and Ford, Ian J
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Condensed Matter - Statistical Mechanics ,Mathematical Physics - Abstract
Computing the stochastic entropy production associated with the evolution of a stochastic dynamical system is a well-established problem. In a small number of cases such as the Ornstein-Uhlenbeck process, of which we give a complete exposition, the distribution of entropy production can be obtained analytically, but in general it is much harder. A recent development in solving the Fokker-Planck equation, in which the solution is written as a product of positive functions, enables the distribution to be obtained approximately, with the assistance of simple numerical techniques. Using examples in one and higher dimension, we demonstrate how such a framework is very convenient for the computation of stochastic entropy production in diffusion processes.
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- 2019
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13. On a stochastic version of Lanchester's model of combat
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Kearney, Michael J. and Martin, Richard J.
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Physics - Physics and Society - Abstract
Lanchester's model of combat has certain deficiencies in its standard form arising from the neglect of the influence of random fluctuations. Several approaches to rectify this have been proposed and various results are scattered throughout the literature. Here, a discrete-time stochastic version, which is amenable to exact solution, is revisited with the aim of deriving key results within one setting. The exposition simplifies and provides refinements to earlier derivations and analysis.
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- 2019
14. Distinct associations of sputum and oral microbiota with atopic, immunologic, and clinical features in mild asthma
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Durack, Juliana, Christian, Laura S, Nariya, Snehal, Gonzalez, Jeanmarie, Bhakta, Nirav R, Ansel, K Mark, Beigelman, Avraham, Castro, Mario, Dyer, Anne-Marie, Israel, Elliot, Kraft, Monica, Martin, Richard J, Mauger, David T, Peters, Stephen P, Rosenberg, Sharon R, Sorkness, Christine A, Wechsler, Michael E, Wenzel, Sally E, White, Steven R, Lynch, Susan V, Boushey, Homer A, Huang, Yvonne J, and National Heart, Lung
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Biomedical and Clinical Sciences ,Immunology ,Clinical Research ,Lung ,Asthma ,Aetiology ,2.1 Biological and endogenous factors ,Inflammatory and immune system ,Respiratory ,Administration ,Inhalation ,Adrenal Cortex Hormones ,Adult ,Biomarkers ,Cytokines ,Female ,Humans ,Hypersensitivity ,Immediate ,Male ,Microbiota ,Mouth ,Sputum ,Th2 Cells ,Treatment Outcome ,Microbiome ,cytokines ,sputum ,oral ,asthma ,allergic ,corticosteroids ,type 2 inflammation ,National Heart ,Lung ,and Blood Institute’s ”AsthmaNet“ ,Allergy - Abstract
BackgroundWhether microbiome characteristics of induced sputum or oral samples demonstrate unique relationships to features of atopy or mild asthma in adults is unknown.ObjectiveWe sought to determine sputum and oral microbiota relationships to clinical or immunologic features in mild atopic asthma and the impact on the microbiota of inhaled corticosteroid (ICS) treatment administered to ICS-naive subjects with asthma.MethodsBacterial microbiota profiles were analyzed in induced sputum and oral wash samples from 32 subjects with mild atopic asthma before and after inhaled fluticasone treatment, 18 atopic subjects without asthma, and 16 nonatopic healthy subjects in a multicenter study (NCT01537133). Associations with clinical and immunologic features were examined, including markers of atopy, type 2 inflammation, immune cell populations, and cytokines.ResultsSputum bacterial burden inversely associated with bronchial expression of type 2 (T2)-related genes. Differences in specific sputum microbiota also associated with T2-low asthma phenotype, a subgroup of whom displayed elevations in lung inflammatory mediators and reduced sputum bacterial diversity. Differences in specific oral microbiota were more reflective of atopic status. After ICS treatment of patients with asthma, the compositional structure of sputum microbiota showed greater deviation from baseline in ICS nonresponders than in ICS responders.ConclusionsNovel associations of sputum and oral microbiota to immunologic features were observed in this cohort of subjects with or without ICS-naive mild asthma. These findings confirm and extend our previous report of reduced bronchial bacterial burden and compositional complexity in subjects with T2-high asthma, with additional identification of a T2-low subgroup with a distinct microbiota-immunologic relationship.
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- 2020
15. CPAP-induced airway hyper-reactivity in mice is modulated by hyaluronan synthase-3
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Mayer, Catherine A., Ganguly, Abhrajit, Mayer, Aubrey, Pabelick, Christina M., Prakash, Y. S., Hascall, Vince C., Midura, Ron J., Cali, Valbona, Flask, Christopher A., Erokwu, Bernadette O., Martin, Richard J., and MacFarlane, Peter M.
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- 2022
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16. Time since maximum of Brownian motion and asymmetric Levy processes
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Martin, Richard J. and Kearney, Michael J.
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Mathematics - Probability - Abstract
Motivated by recent studies of record statistics in relation to strongly correlated time series, we consider explicitly the drawdown time of a Levy process, which is defined as the time since it last achieved its running maximum when observed over a fixed time period [0,T]. We show that the density function of this drawdown time, in the case of a completely asymmetric jump process, may be factored as a function of $t$ multiplied by a function of T-t. This extends a known result for the case of pure Brownian motion. We state the factors explicitly for the cases of exponential down-jumps with drift, and for the downward Inverse Gaussian Levy process with drift.
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- 2018
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17. Bacterial biogeography of adult airways in atopic asthma
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Durack, Juliana, Huang, Yvonne J, Nariya, Snehal, Christian, Laura S, Ansel, K Mark, Beigelman, Avraham, Castro, Mario, Dyer, Anne-Marie, Israel, Elliot, Kraft, Monica, Martin, Richard J, Mauger, David T, Rosenberg, Sharon R, King, Tonya S, White, Steven R, Denlinger, Loren C, Holguin, Fernando, Lazarus, Stephen C, Lugogo, Njira, Peters, Stephen P, Smith, Lewis J, Wechsler, Michael E, Lynch, Susan V, Boushey, Homer A, and for the National Heart, Lung and Blood Institute’s “AsthmaNet”
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Lung ,Asthma ,Clinical Research ,2.1 Biological and endogenous factors ,Aetiology ,Respiratory ,Adult ,Bronchi ,Corynebacterium ,Eosinophils ,Female ,Humans ,Inflammation ,Male ,Microbiota ,Middle Aged ,Moraxella ,Mouth Mucosa ,Nose ,RNA ,Ribosomal ,16S ,Sputum ,Adult asthma ,Atopy ,Upper airways ,Lower airways ,Bronchial microbiota ,Nasal microbiota ,Induced sputum microbiota ,Oral microbiota ,Eosinophilic inflammation ,National Heart ,Lung and Blood Institute’s “AsthmaNet” ,Ecology ,Microbiology ,Medical Microbiology - Abstract
BackgroundPerturbations to the composition and function of bronchial bacterial communities appear to contribute to the pathophysiology of asthma. Unraveling the nature and mechanisms of these complex associations will require large longitudinal studies, for which bronchoscopy is poorly suited. Studies of samples obtained by sputum induction and nasopharyngeal brushing or lavage have also reported asthma-associated microbiota characteristics. It remains unknown, however, whether the microbiota detected in these less-invasive sample types reflect the composition of bronchial microbiota in asthma.ResultsBacterial microbiota in paired protected bronchial brushings (BB; n = 45), induced sputum (IS; n = 45), oral wash (OW; n = 45), and nasal brushings (NB; n = 27) from adults with mild atopic asthma (AA), atopy without asthma (ANA), and healthy controls (HC) were profiled using 16S rRNA gene sequencing. Though microbiota composition varied with sample type (p
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- 2018
18. Calcium-sensing receptor and CPAP-induced neonatal airway hyperreactivity in mice
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Mayer, Catherine A., Roos, Benjamin, Teske, Jacob, Wells, Natalya, Martin, Richard J., Chang, Wenhan, Pabelick, Christina M., Prakash, Y. S., and MacFarlane, Peter M.
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- 2022
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19. Diethylcarbamazine, TRP channels and Ca2+ signaling in cells of the Ascaris intestine
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Williams, Paul D. E., Kashyap, Sudhanva S., McHugh, Mark A., Brewer, Matthew T., Robertson, Alan P., and Martin, Richard J.
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- 2022
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20. Advances in our understanding of nematode ion channels as potential anthelmintic targets
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Choudhary, Shivani, Kashyap, Sudhanva S., Martin, Richard J., and Robertson, Alan P.
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- 2022
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21. Universal trading under proportional transaction costs
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Martin, Richard J
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Quantitative Finance - Trading and Market Microstructure - Abstract
The theory of optimal trading under proportional transaction costs has been considered from a variety of perspectives. In this paper, we show that all the results can be interpreted using a universal law, illustrating the results in trading algorithm design., Comment: arXiv admin note: text overlap with arXiv:1204.6488
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- 2016
22. Features of the bronchial bacterial microbiome associated with atopy, asthma, and responsiveness to inhaled corticosteroid treatment.
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Durack, Juliana, Lynch, Susan V, Nariya, Snehal, Bhakta, Nirav R, Beigelman, Avraham, Castro, Mario, Dyer, Anne-Marie, Israel, Elliot, Kraft, Monica, Martin, Richard J, Mauger, David T, Rosenberg, Sharon R, Sharp-King, Tonya, White, Steven R, Woodruff, Prescott G, Avila, Pedro C, Denlinger, Loren C, Holguin, Fernando, Lazarus, Stephen C, Lugogo, Njira, Moore, Wendy C, Peters, Stephen P, Que, Loretta, Smith, Lewis J, Sorkness, Christine A, Wechsler, Michael E, Wenzel, Sally E, Boushey, Homer A, Huang, Yvonne J, and National Heart, Lung and Blood Institute's “AsthmaNet”
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National Heart ,Lung and Blood Institute's “AsthmaNet” ,Bronchi ,Humans ,Bacteria ,Asthma ,Hypersensitivity ,Immediate ,Adrenal Cortex Hormones ,RNA ,Bacterial ,RNA ,Ribosomal ,16S ,Administration ,Inhalation ,Adult ,Middle Aged ,Female ,Male ,Young Adult ,Microbiota ,Fluticasone ,16S ribosomal RNA ,T(H)2 inflammation ,atopy ,bacteria ,corticosteroids ,metabolic pathways ,microbiome ,short-chain fatty acids ,three-gene mean ,Genetics ,Lung ,Clinical Research ,2.1 Biological and endogenous factors ,Aetiology ,Respiratory ,Immunology ,Allergy - Abstract
BackgroundCompositional differences in the bronchial bacterial microbiota have been associated with asthma, but it remains unclear whether the findings are attributable to asthma, to aeroallergen sensitization, or to inhaled corticosteroid treatment.ObjectivesWe sought to compare the bronchial bacterial microbiota in adults with steroid-naive atopic asthma, subjects with atopy but no asthma, and nonatopic healthy control subjects and to determine relationships of the bronchial microbiota to phenotypic features of asthma.MethodsBacterial communities in protected bronchial brushings from 42 atopic asthmatic subjects, 21 subjects with atopy but no asthma, and 21 healthy control subjects were profiled by using 16S rRNA gene sequencing. Bacterial composition and community-level functions inferred from sequence profiles were analyzed for between-group differences. Associations with clinical and inflammatory variables were examined, including markers of type 2-related inflammation and change in airway hyperresponsiveness after 6 weeks of fluticasone treatment.ResultsThe bronchial microbiome differed significantly among the 3 groups. Asthmatic subjects were uniquely enriched in members of the Haemophilus, Neisseria, Fusobacterium, and Porphyromonas species and the Sphingomonodaceae family and depleted in members of the Mogibacteriaceae family and Lactobacillales order. Asthma-associated differences in predicted bacterial functions included involvement of amino acid and short-chain fatty acid metabolism pathways. Subjects with type 2-high asthma harbored significantly lower bronchial bacterial burden. Distinct changes in specific microbiota members were seen after fluticasone treatment. Steroid responsiveness was linked to differences in baseline compositional and functional features of the bacterial microbiome.ConclusionEven in subjects with mild steroid-naive asthma, differences in the bronchial microbiome are associated with immunologic and clinical features of the disease. The specific differences identified suggest possible microbiome targets for future approaches to asthma treatment or prevention.
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- 2017
23. CPAP protects against hyperoxia-induced increase in airway reactivity in neonatal mice
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MacFarlane, Peter M., Mayer, Catherine A., Jafri, Anjum, Pabelick, Christina M., Prakash, Y. S., and Martin, Richard J.
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- 2021
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24. Cholinergic receptors on intestine cells of Ascaris suum and activation of nAChRs by levamisole
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McHugh, Mark, Williams, Paul, Verma, Saurabh, Powell-Coffman, Jo Anne, Robertson, Alan P., and Martin, Richard J.
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- 2020
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25. Anthelmintic resistance and homeostatic plasticity (Brugia malayi)
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Kashyap, Sudhanva S., Verma, Saurabh, McHugh, Mark, Wolday, Mengisteab, Williams, Paul D., Robertson, Alan P., and Martin, Richard J.
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- 2021
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26. Filaricidal activity of Daniellia oliveri and Psorospermum febrifugum extracts
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Abongwa, Melanie, Samje, Moses, Ayimele, Godfred A., Babiaka, Smith B., Bulman, Christina, Sakanari, Judy, Koszewski, Nick J., Verma, Saurabh, Goff, Jesse, Cho-Ngwa, Fidelis, Martin, Richard J., and Robertson, Alan P.
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- 2021
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27. Impact of Age and Sex on Response to Asthma Therapy
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Dunn, Ryan M, Lehman, Erik, Chinchilli, Vernon M, Martin, Richard J, Boushey, Homer A, Israel, Elliot, Kraft, Monica, Lazarus, Stephen C, Lemanske, Robert F, Lugogo, Njira L, Peters, Stephen P, Sorkness, Christine A, Szefler, Stanley, and Wechsler, Michael E
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Lung ,Clinical Research ,Asthma ,Aging ,Respiratory ,Administration ,Inhalation ,Adult ,Age Factors ,Beclomethasone ,Bronchodilator Agents ,Budesonide ,Cohort Studies ,Female ,Glucocorticoids ,Humans ,Leukotriene Antagonists ,Logistic Models ,Male ,Odds Ratio ,Phenotype ,Retrospective Studies ,Sex Factors ,Treatment Failure ,Treatment Outcome ,asthma ,inhaled corticosteroid ,age ,sex ,treatment failure ,NHLBI Asthma Clinical Research Network ,Medical and Health Sciences ,Respiratory System - Abstract
RationaleAge and sex are associated with differences in asthma prevalence and morbidity.ObjectivesTo determine if age and sex associate with distinct phenotypes and a variable response to therapy in subjects with mild to moderate asthma.MethodsWe used Asthma Clinical Research Network data to determine the impact of age and sex on phenotypes and treatment failures among subjects participating in 10 trials from 1993 to 2003.Measurements and main resultsA total of 1,200 subjects were identified (median age, 30.4 yr; male, 520 [43.3%]; female, 680 [56.7%]) and analyzed. A higher proportion of subjects greater than or equal to 30 years old experienced treatment failures (17.3% vs. 10.3%; odds ratio [OR], 1.82; confidence interval [CI], 1.30-2.54; P
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- 2015
28. Menthol acts as a positive allosteric modulator on nematode levamisole sensitive nicotinic acetylcholine receptors
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Choudhary, Shivani, Marjianović, Djordje S., Wong, Colin R., Zhang, Xiaoyu, Abongwa, Melanie, Coats, Joel R., Trailović, Saša M., Martin, Richard J., and Robertson, Alan P.
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- 2019
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29. Optimal multifactor trading under proportional transaction costs
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Martin, Richard J.
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Quantitative Finance - Trading and Market Microstructure - Abstract
Proportional transaction costs present difficult theoretical problems in trading algorithm design, on account of their lack of analytical tractability. The author derives a solution of DT-NT-DT form for an arbitrary model in which the the traded asset has diffusive dynamics described by one or more stochastic risk factors. The width of the NT zone is found to be, as expected, proportional to the cube root of the transaction cost. It is also proportional to the 2/3 power of the volatility of the target position, thereby causing a faster trading strategy to be buffered more than a slower one. The displacement of the middle of the buffer from the costfree position is found to be proportional to the square of the width, and hence to the 2/3 power of the transaction cost; the proportionality constant depends on the expected short-term change in position.
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- 2012
30. Saddlepoint methods in portfolio theory
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Martin, Richard J
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Quantitative Finance - Portfolio Management ,Quantitative Finance - Risk Management - Abstract
We discuss the use of saddlepoint methods in the analysis of portfolios, with particular reference to credit portfolios. The objective is to proceed from a model of the loss distribution, given through probabilities, correlations and the like, to an analytical approximation of the distribution. Once this is done we show how to derive the so-called risk contributions which are the derivatives of risk measures, such as a given quantile (VaR) or expected shortfall, to the allocations in the underlying assets. These show, informally, where the risk is coming from, and also indicate how to go about optimising the portfolio.
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- 2011
31. A CDS Option Miscellany
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Martin, Richard J
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Quantitative Finance - Pricing of Securities - Abstract
CDS options allow investors to express a view on spread volatility and obtain a wider range of payoffs than are possible with vanilla CDS. We give a detailed exposition of different types of single-name CDS option, including options with upfront protection payment, recovery options and recovery swaps, and also presents a new formula for the index option. The emphasis is on using the Black-76 formula where possible and ensuring consistency within asset classes. In the framework shown here the `armageddon event' does not require special attention., Comment: Minor corrections from 2017 version
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- 2011
32. An exactly solvable self-convolutive recurrence
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Martin, Richard J. and Kearney, M. J.
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Mathematics - Combinatorics - Abstract
We consider a self-convolutive recurrence whose solution is the sequence of coefficients in the asymptotic expansion of the logarithmic derivative of the confluent hypergeometic function $U(a,b,z)$. By application of the Hilbert transform we convert this expression into an explicit, non-recursive solution in which the $n$th coefficient is expressed as the $(n-1)$th moment of a measure, and also as the trace of the $(n-1)$th iterate of a linear operator. Applications of these sequences, and hence of the explicit solution provided, are found in quantum field theory as the number of Feynman diagrams of a certain type and order, in Brownian motion theory, and in combinatorics.
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- 2011
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33. Effect of Vitamin D3 on Asthma Treatment Failures in Adults With Symptomatic Asthma and Lower Vitamin D Levels: The VIDA Randomized Clinical Trial
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Castro, Mario, King, Tonya S, Kunselman, Susan J, Cabana, Michael D, Denlinger, Loren, Holguin, Fernando, Kazani, Shamsah D, Moore, Wendy C, Moy, James, Sorkness, Christine A, Avila, Pedro, Bacharier, Leonard B, Bleecker, Eugene, Boushey, Homer A, Chmiel, James, Fitzpatrick, Anne M, Gentile, Deborah, Hundal, Mandeep, Israel, Elliot, Kraft, Monica, Krishnan, Jerry A, LaForce, Craig, Lazarus, Stephen C, Lemanske, Robert, Lugogo, Njira, Martin, Richard J, Mauger, David T, Naureckas, Edward, Peters, Stephen P, Phipatanakul, Wanda, Que, Loretta G, Sheshadri, Ajay, Smith, Lewis, Solway, Julian, Sullivan-Vedder, Lisa, Sumino, Kaharu, Wechsler, Michael E, Wenzel, Sally, White, Steven R, and Sutherland, E Rand
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Biomedical and Clinical Sciences ,Clinical Sciences ,Asthma ,Clinical Trials and Supportive Activities ,Complementary and Integrative Health ,Nutrition ,Clinical Research ,Lung ,Evaluation of treatments and therapeutic interventions ,6.1 Pharmaceuticals ,Respiratory ,Administration ,Inhalation ,Administration ,Oral ,Adrenal Cortex Hormones ,Adult ,Anti-Asthmatic Agents ,Cholecalciferol ,Dose-Response Relationship ,Drug ,Double-Blind Method ,Female ,Glucocorticoids ,Humans ,Male ,Middle Aged ,Pregnenediones ,Treatment Failure ,Vitamin D Deficiency ,Vitamins ,National Heart ,Lung ,and Blood Institute’s AsthmaNet ,Medical and Health Sciences ,General & Internal Medicine ,Biomedical and clinical sciences ,Health sciences - Abstract
ImportanceIn asthma and other diseases, vitamin D insufficiency is associated with adverse outcomes. It is not known if supplementing inhaled corticosteroids with oral vitamin D3 improves outcomes in patients with asthma and vitamin D insufficiency.ObjectiveTo evaluate if vitamin D supplementation would improve the clinical efficacy of inhaled corticosteroids in patients with symptomatic asthma and lower vitamin D levels.Design, setting, and participantsThe VIDA (Vitamin D Add-on Therapy Enhances Corticosteroid Responsiveness in Asthma) randomized, double-blind, parallel, placebo-controlled trial studying adult patients with symptomatic asthma and a serum 25-hydroxyvitamin D level of less than 30 ng/mL was conducted across 9 academic US medical centers in the National Heart, Lung, and Blood Institute's AsthmaNet network, with enrollment starting in April 2011 and follow-up complete by January 2014. After a run-in period that included treatment with an inhaled corticosteroid, 408 patients were randomized.InterventionsOral vitamin D3 (100,000 IU once, then 4000 IU/d for 28 weeks; n = 201) or placebo (n = 207) was added to inhaled ciclesonide (320 µg/d). If asthma control was achieved after 12 weeks, ciclesonide was tapered to 160 µg/d for 8 weeks, then to 80 µg/d for 8 weeks if asthma control was maintained.Main outcomes and measuresThe primary outcome was time to first asthma treatment failure (a composite outcome of decline in lung function and increases in use of β-agonists, systemic corticosteroids, and health care).ResultsTreatment with vitamin D3 did not alter the rate of first treatment failure during 28 weeks (28% [95% CI, 21%-34%] with vitamin D3 vs 29% [95% CI, 23%-35%] with placebo; adjusted hazard ratio, 0.9 [95% CI, 0.6-1.3]). Of 14 prespecified secondary outcomes, 9 were analyzed, including asthma exacerbation; of those 9, the only statistically significant outcome was a small difference in the overall dose of ciclesonide required to maintain asthma control (111.3 µg/d [95% CI, 102.2-120.4 µg/d] in the vitamin D3 group vs 126.2 µg/d [95% CI, 117.2-135.3 µg/d] in the placebo group; difference of 14.9 µg/d [95% CI, 2.1-27.7 µg/d]).Conclusions and relevanceVitamin D3 did not reduce the rate of first treatment failure or exacerbation in adults with persistent asthma and vitamin D insufficiency. These findings do not support a strategy of therapeutic vitamin D3 supplementation in patients with symptomatic asthma.Trial registrationclinicaltrials.gov Identifier: NCT01248065.
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- 2014
34. The nematode (Ascaris suum) intestine is a location of synergistic anthelmintic effects of Cry5B and levamisole.
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Williams, Paul D. E., Brewer, Matthew T., Aroian, Raffi V., Robertson, Alan P., and Martin, Richard J.
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ASCARIS suum ,BACILLUS thuringiensis ,LEVAMISOLE ,NICOTINIC acetylcholine receptors ,INTESTINAL parasites ,ASCARIS lumbricoides - Abstract
A novel group of biocidal compounds are the Crystal 3D (Cry) and Cytolytic (Cyt) proteins produced by Bacillus thuringiensis (Bt). Some Bt Cry proteins have a selective nematocidal activity, with Cry5B being the most studied. Cry5B kills nematode parasites by binding selectively to membrane glycosphingolipids, then forming pores in the cell membranes of the intestine leading to damage. Cry5B selectively targets multiple species of nematodes from different clades and has no effect against mammalian hosts. Levamisole is a cholinergic anthelmintic that acts by selectively opening L-subtype nicotinic acetylcholine receptor ion-channels (L-AChRs) that have been found on muscles of nematodes. A synergistic nematocidal interaction between levamisole and Cry5B at the whole-worm level has been described previously, but the location, mechanism and time-course of this synergism is not known. In this study we follow the timeline of the effects of levamisole and Cry5B on the Ca
2+ levels in enterocyte cells in the intestine of Ascaris suum using fluorescence imaging. The peak Ca2+ responses to levamisole were observed after approximately 10 minutes while the peak responses to activated Cry5B were observed after approximately 80 minutes. When levamisole and Cry5B were applied simultaneously, we observed that the responses to Cry5B were bigger and occurred sooner than when it was applied by itself. It is proposed that the synergism is due to the cytoplasmic Ca2+ overload that is induced by the combination of levamisole opening Ca2+ permeable L-subtype nAChRs and the Ca2+ permeable Cry5B toxin pores produced in the enterocyte plasma membranes. The effect of levamisole potentiates and speeds the actions of Cry5B that gives rise to bigger Ca2+ overloads that accelerates cell-death of the enterocytes. Author summary: The neglected tropical diseases are a diverse set of infectious diseases which are common in low-income populations of Asia, Africa and the Americas. They include soil-transmitted helminth (STH) infections produced by the parasitic nematode Ascaris lumbricoides (= Ascaris suum). There are no effective vaccines, so mass drug administration (MDA) to control and prevent infection is the only practical option. With the limited number of anthelmintic drugs available for treatment, there is an increasing concern about the development of resistance. The use of combinations of anthelmintics, particularly if they are additive, is important for the delay of the onset of resistance. Here we describe synergistic interactions of levamisole and Cry5B mediated by Ca++ in A. suum intestine enterocytes. We have been able to make these new observations because of our access to A. suum parasites and development of our techniques for studying Ca++ signaling in the intestine of this nematode parasite, a site of the interaction of these two anthelmintic drugs. Our study provides new insights for development of effective STH combination therapies of anthelmintic drugs for slowing development of resistance with continued mass drug administration and understanding the nematode parasite intestine as a major target for combinations of anthelmintic drugs. [ABSTRACT FROM AUTHOR]- Published
- 2024
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35. Diethylcarbamazine elicits Ca 2+ signals through TRP-2 channels that are potentiated by emodepside in Brugia malayi muscles
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Williams, Paul D. E., primary, Kashyap, Sudhanva S., additional, Robertson, Alan P., additional, and Martin, Richard J., additional
- Published
- 2023
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36. The first-passage area for drifted Brownian motion and the moments of the Airy distribution
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Kearney, Michael J., Majumdar, Satya N., and Martin, Richard J.
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Condensed Matter - Statistical Mechanics ,Mathematics - Combinatorics ,Mathematics - Probability - Abstract
An exact expression for the distribution of the area swept out by a drifted Brownian motion till its first-passage time is derived. A study of the asymptotic behaviour confirms earlier conjectures and clarifies their range of validity. The analysis also leads to a simple closed-form solution for the moments of the Airy distribution., Comment: 13 pages
- Published
- 2007
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37. New insights in the diagnosis of chronic refractory cough
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Good, James T., Jr., Rollins, Donald R., Kolakowski, Christena A., Stevens, Allen D., Denson, Joshua L., and Martin, Richard J.
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- 2018
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38. Monepantel is a non-competitive antagonist of nicotinic acetylcholine receptors from Ascaris suum and Oesophagostomum dentatum
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Abongwa, Melanie, Marjanovic, Djordje S., Tipton, James G., Zheng, Fudan, Martin, Richard J., Trailovic, Sasa M., and Robertson, Alan P.
- Published
- 2018
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39. Predictors of response to tiotropium versus salmeterol in asthmatic adults.
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Peters, Stephen P, Bleecker, Eugene R, Kunselman, Susan J, Icitovic, Nikolina, Moore, Wendy C, Pascual, Rodolfo, Ameredes, Bill T, Boushey, Homer A, Calhoun, William J, Castro, Mario, Cherniack, Reuben M, Craig, Timothy, Denlinger, Loren C, Engle, Linda L, Dimango, Emily A, Israel, Elliot, Kraft, Monica, Lazarus, Stephen C, Lemanske, Robert F, Lugogo, Njira, Martin, Richard J, Meyers, Deborah A, Ramsdell, Joe, Sorkness, Christine A, Sutherland, E Rand, Wasserman, Stephen I, Walter, Michael J, Wechsler, Michael E, Chinchilli, Vernon M, Szefler, Stanley J, and National Heart, Lung, and Blood Institute's Asthma Clinical Research Network
- Subjects
National Heart ,Lung ,and Blood Institute's Asthma Clinical Research Network ,Humans ,Asthma ,Albuterol ,Scopolamine Derivatives ,Bronchodilator Agents ,Anti-Asthmatic Agents ,Prognosis ,Treatment Outcome ,Cross-Over Studies ,Adult ,Middle Aged ,Female ,Male ,Adrenergic beta-2 Receptor Agonists ,Tiotropium Bromide ,Salmeterol Xinafoate ,ACD ,ACRN ,Asthma Clinical Research Network ,Asthma control day ,FVC ,Forced vital capacity ,HFA ,Hydrofluoroalkane ,ICS ,Inhaled corticosteroid ,LABA ,LAMA ,Long-acting muscarinic antagonist ,Long-acting β-agonist ,NHLBI ,National Heart ,Lung ,and Blood Institute ,OR ,Odds ratio ,PEF ,Peak expiratory flow ,TALC ,Tiotropium Bromide as an Alternative to Increased Inhaled Glucocorticoid in Patients Inadequately Controlled on a Lower Dose of Inhaled Corticosteroid (ClinicalTrials.gov number ,NCT00565266) trial ,predictor of response ,responder analysis ,salmeterol ,tiotropium ,Clinical Research ,Lung ,Respiratory ,Immunology ,Allergy - Abstract
BackgroundTiotropium has activity as an asthma controller. However, predictors of a positive response to tiotropium have not been described.ObjectiveWe sought to describe individual and differential responses of asthmatic patients to salmeterol and tiotropium when added to an inhaled corticosteroid, as well as predictors of a positive clinical response.MethodsData from the double-blind, 3-way, crossover National Heart, Lung, and Blood Institute's Asthma Clinical Research Network's Tiotropium Bromide as an Alternative to Increased Inhaled Glucocorticoid in Patients Inadequately Controlled on a Lower Dose of Inhaled Corticosteroid (ClinicalTrials.gov number, NCT00565266) trial were analyzed for individual and differential treatment responses to salmeterol and tiotropium and predictors of a positive response to the end points FEV1, morning peak expiratory flow (PEF), and asthma control days (ACDs).ResultsAlthough approximately equal numbers of patients showed a differential response to salmeterol and tiotropium in terms of morning PEF (n = 90 and 78, respectively) and ACDs (n = 49 and 53, respectively), more showed a differential response to tiotropium for FEV1 (n = 104) than salmeterol (n = 62). An acute response to a short-acting bronchodilator, especially albuterol, predicted a positive clinical response to tiotropium for FEV1 (odds ratio, 4.08; 95% CI, 2.00-8.31; P < .001) and morning PEF (odds ratio, 2.12; 95% CI, 1.12-4.01; P = 0.021), as did a decreased FEV1/forced vital capacity ratio (FEV1 response increased 0.39% of baseline for every 1% decrease in FEV1/forced vital capacity ratio). Higher cholinergic tone was also a predictor, whereas ethnicity, sex, atopy, IgE level, sputum eosinophil count, fraction of exhaled nitric oxide, asthma duration, and body mass index were not.ConclusionAlthough these results require confirmation, predictors of a positive clinical response to tiotropium include a positive response to albuterol and airway obstruction, factors that could help identify appropriate patients for this therapy.
- Published
- 2013
40. P2X7-Regulated Protection from Exacerbations and Loss of Control Is Independent of Asthma Maintenance Therapy
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Denlinger, Loren C, Manthei, David M, Seibold, Max A, Ahn, Kwangmi, Bleecker, Eugene, Boushey, Homer A, Calhoun, William J, Castro, Mario, Chinchili, Vernon M, Fahy, John V, Hawkins, Greg A, Icitovic, Nicolina, Israel, Elliot, Jarjour, Nizar N, King, Tonya, Kraft, Monica, Lazarus, Stephen C, Lehman, Erik, Martin, Richard J, Meyers, Deborah A, Peters, Stephen P, Sheerar, Dagna, Shi, Lei, Sutherland, E Rand, Szefler, Stanley J, Wechsler, Michael E, Sorkness, Christine A, Lemanske, Robert F, and Investigators, the NHLBI Asthma Clinical Research Network
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Asthma ,Clinical Research ,Lung ,Clinical Trials and Supportive Activities ,Evaluation of treatments and therapeutic interventions ,6.1 Pharmaceuticals ,Respiratory ,Adrenal Cortex Hormones ,Adult ,African Americans ,Albuterol ,Case-Control Studies ,Disease Progression ,Female ,Forced Expiratory Volume ,Humans ,Male ,Nuclear Pore ,Polymorphism ,Single Nucleotide ,Prednisone ,Receptors ,Purinergic P2X7 ,asthma ,P2X(7) ,exacerbation ,Asthma Clinical Research Network ,corticosteroids ,NHLBI Asthma Clinical Research Network Investigators ,Black or African American ,Medical and Health Sciences ,Respiratory System - Abstract
RationaleThe function of the P2X(7) nucleotide receptor protects against exacerbation in people with mild-intermittent asthma during viral illnesses, but the impact of disease severity and maintenance therapy has not been studied.ObjectivesTo evaluate the association between P2X(7), asthma exacerbations, and incomplete symptom control in a more diverse population.MethodsA matched P2RX7 genetic case-control was performed with samples from Asthma Clinical Research Network trial participants enrolled before July 2006, and P2X(7) pore activity was determined in whole blood samples as an ancillary study to two trials completed subsequently.Measurements and main resultsA total of 187 exacerbations were studied in 742 subjects, and the change in asthma symptom burden was studied in an additional 110 subjects during a trial of inhaled corticosteroids (ICS) dose optimization. African American carriers of the minor G allele of the rs2230911 loss-of-function single nucleotide polymorphism were more likely to have a history of prednisone use in the previous 12 months, with adjustment for ICS and long-acting β(2)-agonists use (odds ratio, 2.7; 95% confidence interval, 1.2-6.2; P = 0.018). Despite medium-dose ICS, attenuated pore function predicted earlier exacerbations in incompletely controlled patients with moderate asthma (hazard ratio, 3.2; confidence interval, 1.1-9.3; P = 0.033). After establishing control with low-dose ICS in patients with mild asthma, those with attenuated pore function had more asthma symptoms, rescue albuterol use, and FEV(1) reversal (P < 0.001, 0.03, and 0.03, respectively) during the ICS adjustment phase.ConclusionsP2X(7) pore function protects against exacerbations of asthma and loss of control, independent of baseline severity and the maintenance therapy.
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- 2013
41. Pre-Vent: the prematurity-related ventilatory control study
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Dennery, Phyllis A., Di Fiore, Juliann M., Ambalavanan, Namasivayam, Bancalari, Eduardo, Carroll, John L., Claure, Nelson, Hamvas, Aaron, Hibbs, Anna Maria, Indic, Premananda, Kemp, James, Krahn, Katy N., Lake, Douglas, Laposky, Aaron, Martin, Richard J., Natarajan, Aruna, Rand, Casey, Schau, Molly, Weese-Mayer, Debra E., Zimmet, Amanda M., and Moorman, J. Randall
- Published
- 2019
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42. Early inspired oxygen and intermittent hypoxemic events in extremely premature infants are associated with asthma medication use at 2 years of age
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Di Fiore, Juliann M., Dylag, Andrew M., Honomichl, Ryan D., Hibbs, Anna Maria, Martin, Richard J., Tatsuoka, Curtis, and Raffay, Thomas M.
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- 2019
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43. Neonatal intermittent hypoxemia events are associated with diagnosis of bronchopulmonary dysplasia at 36 weeks postmenstrual age
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Raffay, Thomas M., Dylag, Andrew M., Sattar, Abdus, Abu Jawdeh, Elie G., Cao, Shufen, Pax, Benjamin M., Loparo, Kenneth A., Martin, Richard J., and Di Fiore, Juliann M.
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- 2019
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44. Comparison of Physician-, Biomarker-, and Symptom-Based Strategies for Adjustment of Inhaled Corticosteroid Therapy in Adults With Asthma: The BASALT Randomized Controlled Trial
- Author
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Calhoun, William J, Ameredes, Bill T, King, Tonya S, Icitovic, Nikolina, Bleecker, Eugene R, Castro, Mario, Cherniack, Reuben M, Chinchilli, Vernon M, Craig, Timothy, Denlinger, Loren, DiMango, Emily A, Engle, Linda L, Fahy, John V, Grant, J Andrew, Israel, Elliot, Jarjour, Nizar, Kazani, Shamsah D, Kraft, Monica, Kunselman, Susan J, Lazarus, Stephen C, Lemanske, Robert F, Lugogo, Njira, Martin, Richard J, Meyers, Deborah A, Moore, Wendy C, Pascual, Rodolfo, Peters, Stephen P, Ramsdell, Joe, Sorkness, Christine A, Sutherland, E Rand, Szefler, Stanley J, Wasserman, Stephen I, Walter, Michael J, Wechsler, Michael E, Boushey, Homer A, and Lung, and Blood Institute for the Asthma Clinical Research Network of the National Heart
- Subjects
Lung ,Asthma ,Clinical Research ,Clinical Trials and Supportive Activities ,Evaluation of treatments and therapeutic interventions ,6.1 Pharmaceuticals ,Management of diseases and conditions ,7.3 Management and decision making ,Respiratory ,Administration ,Inhalation ,Adrenal Cortex Hormones ,Adult ,Biomarkers ,Breath Tests ,Double-Blind Method ,Female ,Humans ,Kaplan-Meier Estimate ,Male ,Middle Aged ,Nitric Oxide ,Practice Guidelines as Topic ,Respiratory Function Tests ,Treatment Failure ,Asthma Clinical Research Network of the National Heart ,Lung ,and Blood Institute ,Medical and Health Sciences ,General & Internal Medicine - Abstract
ContextNo consensus exists for adjusting inhaled corticosteroid therapy in patients with asthma. Approaches include adjustment at outpatient visits guided by physician assessment of asthma control (symptoms, rescue therapy, pulmonary function), based on exhaled nitric oxide, or on a day-to-day basis guided by symptoms.ObjectiveTo determine if adjustment of inhaled corticosteroid therapy based on exhaled nitric oxide or day-to-day symptoms is superior to guideline-informed, physician assessment-based adjustment in preventing treatment failure in adults with mild to moderate asthma.Design, setting, and participantsA randomized, parallel, 3-group, placebo-controlled, multiply-blinded trial of 342 adults with mild to moderate asthma controlled by low-dose inhaled corticosteroid therapy (n = 114 assigned to physician assessment-based adjustment [101 completed], n = 115 to biomarker-based [exhaled nitric oxide] adjustment [92 completed], and n = 113 to symptom-based adjustment [97 completed]), the Best Adjustment Strategy for Asthma in the Long Term (BASALT) trial was conducted by the Asthma Clinical Research Network at 10 academic medical centers in the United States for 9 months between June 2007 and July 2010.InterventionsFor physician assessment-based adjustment and biomarker-based (exhaled nitric oxide) adjustment, the dose of inhaled corticosteroids was adjusted every 6 weeks; for symptom-based adjustment, inhaled corticosteroids were taken with each albuterol rescue use.Main outcome measureThe primary outcome was time to treatment failure.ResultsThere were no significant differences in time to treatment failure. The 9-month Kaplan-Meier failure rates were 22% (97.5% CI, 14%-33%; 24 events) for physician assessment-based adjustment, 20% (97.5% CI, 13%-30%; 21 events) for biomarker-based adjustment, and 15% (97.5% CI, 9%-25%; 16 events) for symptom-based adjustment. The hazard ratio for physician assessment-based adjustment vs biomarker-based adjustment was 1.2 (97.5% CI, 0.6-2.3). The hazard ratio for physician assessment-based adjustment vs symptom-based adjustment was 1.6 (97.5% CI, 0.8-3.3).ConclusionAmong adults with mild to moderate persistent asthma controlled with low-dose inhaled corticosteroid therapy, the use of either biomarker-based or symptom-based adjustment of inhaled corticosteroids was not superior to physician assessment-based adjustment of inhaled corticosteroids in time to treatment failure.Trial registrationclinicaltrials.gov Identifier: NCT00495157.
- Published
- 2012
45. Clinical Expert Panel on Monitoring Potential Lung Toxicity of Inhaled Oligonucleotides: Consensus Points and Recommendations
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Alton, Eric W, Boushey, Homer A, Garn, Holger, Green, Francis H, Hodges, Michael, Martin, Richard J, Murdoch, Robert D, Renz, Harald, Shrewsbury, Stephen B, Seguin, Rosanne, Johnson, Graham, Parry, Joel D, Tepper, Jeff, Renzi, Paolo, Cavagnaro, Joy, and Ferrari, Nicolay
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Biological Sciences ,Lung ,Respiratory ,Administration ,Inhalation ,Animals ,Biomarkers ,Drug Evaluation ,Preclinical ,Humans ,Oligonucleotides ,Practice Guidelines as Topic ,Respiratory Function Tests ,Technology ,Biochemistry & Molecular Biology ,Pharmacology & Pharmacy ,Biological sciences - Abstract
Oligonucleotides (ONs) are an emerging class of drugs being developed for the treatment of a wide variety of diseases including the treatment of respiratory diseases by the inhalation route. As a class, their toxicity on human lungs has not been fully characterized, and predictive toxicity biomarkers have not been identified. To that end, identification of sensitive methods and biomarkers that can detect toxicity in humans before any long term and/or irreversible side effects occur would be helpful. In light of the public's greater interests, the Inhalation Subcommittee of the Oligonucleotide Safety Working Group (OSWG) held expert panel discussions focusing on the potential toxicity of inhaled ONs and assessing the strengths and weaknesses of different monitoring techniques for use during the clinical evaluation of inhaled ON candidates. This white paper summarizes the key discussions and captures the panelists' perspectives and recommendations which, we propose, could be used as a framework to guide both industry and regulatory scientists in future clinical research to characterize and monitor the short and long term lung response to inhaled ONs.
- Published
- 2012
46. Diethylcarbamazine activates TRP channels including TRP-2 in filaria, Brugia malayi
- Author
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Verma, Saurabh, Kashyap, Sudhanva S., Robertson, Alan P., and Martin, Richard J.
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- 2020
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47. Author Correction: Diethylcarbamazine activates TRP channels including TRP-2 in filaria, Brugia malayi
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Verma, Saurabh, Kashyap, Sudhanva S., Robertson, Alan P., and Martin, Richard J.
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- 2020
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48. The twofold NICU challenge: avoiding hypoxia and hyperoxia
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Martin, Richard J. and Harijith, Anantha K.
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- 2021
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49. (S)-5-ethynyl-anabasine, a novel compound, is a more potent agonist than other nicotine alkaloids on the nematode Asu-ACR-16 receptor
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Zheng, Fudan, Du, Xiangwei, Chou, Tsung-Han, Robertson, Alan P., Yu, Edward W., VanVeller, Brett, and Martin, Richard J.
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- 2017
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50. A brief review on the mode of action of antinematodal drugs
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Abongwa Melanie, Martin Richard J., and Robertson Alan P.
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anthelmintic ,parasite ,benzimidazoles ,avermectins ,cholinergic ,emodepside ,derquantel ,Veterinary medicine ,SF600-1100 - Abstract
Anthelmintics are some of the most widely used drugs in veterinary medicine. Here we review the mechanism of action of these compounds on nematode parasites. Included are the older classes of compounds; the benzimidazoles, cholinergic agonists and macrocyclic lactones. We also consider newer anthelmintics, including emodepside, derquantel and tribendimidine. In the absence of vaccines for most parasite species, control of nematode parasites will continue to rely on anthelmintic drugs. As a consequence, vigilance in detecting drug resistance in parasite populations is required. Since resistance development appears almost inevitable, there is a continued and pressing need to fully understand the mode of action of these compounds. It is also necessary to identify new drug targets and drugs for the continued effective control of nematode parasites.
- Published
- 2017
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