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Gilead says additional data on remdesivir shows improved clinical recovery

Published 07/10/2020, 08:58 AM
Updated 07/10/2020, 09:10 AM
© Reuters. FILE PHOTO: Gilead Sciences Inc pharmaceutical company is seen during the outbreak of the coronavirus disease (COVID-19), in California

(Reuters) - Gilead Sciences Inc (O:GILD) said on Friday additional data from a late-stage study showed its antiviral remdesivir significantly improved clinical recovery and reduced the risk of death in COVID-19 patients.

The company said the finding requires confirmation in prospective clinical trials.

Gilead said it analyzed data from 312 patients treated in a late-stage study and a separate real-world retrospective cohort of 818 patients with similar characteristics and disease severity as in the study.

Findings from the analysis of its late-stage study showed that 74.4% of remdesivir-treated patients recovered by Day 14 versus 59.0% of patients receiving standard of care, the company said.

The mortality rate for patients treated with remdesivir in the analysis was 7.6% at Day 14, compared with 12.5% among patients not on remdesivir.

Gilead shares were up nearly 2% at $76.14 in trading before the bell.

Latest comments

I would best to sell today to secure my account ahead of high risk earning reports of all banks next week, which could pull market down deeply again as seen on last quarter reports !
I'll found it is not best to time this market, you'll be surprised if things turn sideways
Reduces Mortality Rate by 62%
Gilead tries to remain relevant when drug is less useful than aspirin.
manipulation on any Gilead news . it's classic ..
yes, the timing was impeccable
Drug reduce death rate only 14%, not much to be considered a ok result at all !
Market fully manipulates over and over again, driving it crazily ...One day up then next day down like ******again b/c of different news....
62% reduction in Mortality Rate ...Why did you miss that in your article ???
You don't know a thing about Covid 19, do you?
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