Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Gilead Looks to Combine Remdesivir With Other Drugs After FDA Gives Green Light

Stock MarketsMay 01, 2020 04:29PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

By Yasin Ebrahim 

Investing.com - The Food and Drug Administration authorized the use of Gilead's (NASDAQ:GILD) potential Covid-19 treatment, remdesivir, in patients, with Gilead Daniel CEO Daniel O'Day reportedly saying some patients could benefit from as few as five doses.

Gilead was up 1.8% in after-hours trade.

"It is reasonable to believe that the known and potential benefits of (remdesivir) outweigh the known and potential risks of the drug for the treatment of patients hospitalized with severe Covid-19," the FDA said in a letter.

The rapid approval comes just days after a clinical trial showed that the treatment had shortened Covid-19 recovery times.   

The results of the clinical trial showed a mortality rate of 8% for the group receiving remdesivir versus 11.6% for the placebo group, according to a statement from the National Institutes of Health released later Wednesday.

In an effort to boost the efficacy of remdesivir, Gilead said it was looking into ways of combining its treatment with other drugs.

Gilead Looks to Combine Remdesivir With Other Drugs After FDA Gives Green Light
 

Related Articles

Walgreens Boots Alliance Offers Major Upside
Walgreens Boots Alliance Offers Major Upside By StockNews - May 11, 2021

Walgreens Boots Alliance (NASDAQ:WBA) is attractive from a value and growth perspective. While the stock has lagged the market over the past few years, WBA has increased its market...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (10)
Antonio Carlos
Antonio Carlos May 01, 2020 9:40PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Thanks God
Victor Sierra
Victor Sierra May 01, 2020 9:18PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
How the *****you gonna say outweigh? So what are the effects to the patients? What long term issues will they have? Nothing out weighs risk factor. This ********sounds suspicious.
Leo Chen
Leo Chen May 01, 2020 8:51PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
8% vs 11.6% ... what a huge difference! If it really work, China will have already use it. Please stop giving people false hope
Edward Chong
Edward Chong May 01, 2020 8:51PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
why dont u try first. then u pass the verdict.
Kaveh Sun
Kaveh Sun May 01, 2020 8:20PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
There is no one drug to cure any virus ever. A coctail is needed.
嘉偉 吳
嘉偉 吳 May 01, 2020 8:20PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
A lot of drug for virus. But emdesivir ****
Jason Bacon
Jason Bacon May 01, 2020 8:17PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
The results of this study were not statistically significant, another study double-blind found no benefit. Hard to see what the excitement is about.
Mike Purdy
Mike Purdy May 01, 2020 8:17PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Market pump to stave off the bears for a day.
Jason Bacon
Jason Bacon May 01, 2020 8:17PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Mike Purdy that didn't work either
Kenji Kool
Kenji Kool May 01, 2020 7:15PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Remestemcel-l is more likely to help out here. Wait for the results, they will slow the death rate dramatically. If it was a US company it would be massive head line news. Politics......
ottin nerner
ottin nerner May 01, 2020 6:00PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
I read, combination with Clorox or any kitchen sink cleaner has high success rate....
Ludovic Raymond
Ludovic Raymond May 01, 2020 6:00PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Approved by our Supreme leader, indeed! No testing required, it usually kills the virus... and you
Tom Thumb
Tom Thumb May 01, 2020 6:00PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
try MMS then it works know three people recovered from other viruses with this not aware of use with this one though.
jt nyxi
jt nyxi May 01, 2020 5:12PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Everyone knew that this is the drug but they had go go through the whole approval process. A drug like this combined with fast testing will eliminate all cases. It's pretty simple guys...go to your nearest emergency facility and do an antibody test.
Jan Buyle
Jan Buyle May 01, 2020 4:59PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Disinfectants maybe? Lol!
Muhamed Jaffir
Muhamed Jaffir May 01, 2020 4:45PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
this is criminal act by the Fraud and Death Administration. Approval based off of one study with 1K patients is reprehensible. 3/5 studies need to support something before even considering it.
Loan Pham
Loan Pham May 01, 2020 4:45PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Why do hate Trump so bad?
mad god
mad god May 01, 2020 4:45PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
well, if those patients are in critical condition and will die anytime, why not trying this? they got nothing to lose!
Nk bag holder
Nk bag holder May 01, 2020 4:45PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
U may try disinfectant on 1000 patients and may miracally get 1 patient recovered. So try disinfectant?
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email