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Gilead Sciences surges over 15% after report suggests COVID-19 patients responding to Remdesivir
Reuters ^ | 04/16/2020 | Ankur Banerjee

Posted on 04/16/2020 5:27:17 PM PDT by SeekAndFind

Shares of Gilead Sciences Inc soared 15% on Thursday after a media report suggested that severe COVID-19 patients were positively responding to the drugmaker’s experimental treatment remdesivir.

A Chicago hospital treating COVID-19 patients with the antiviral medication as part of a trial is seeing rapid recoveries in fever and respiratory symptoms, with nearly all patients discharged in less than a week, according to medical news website SThere

There are other trials being run concurrently at other institutions.

There are currently no approved treatments for COVID-19, the highly contagious respiratory illness caused by the novel coronavirus that has infected over 2 million people worldwide.

Gilead did not immediately respond to request for comment.

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: chinavirustreatment; coronavirus; gileadsciences; gilesd; remdesivir
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See this report from

STAT NEWS


1 posted on 04/16/2020 5:27:17 PM PDT by SeekAndFind
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To: SeekAndFind
MORE DETAILS:

Researchers at the University of Chicago Medical Center, which is treating patients with severe COVID-19, have seen remdesivir swiftly tamp down both fever and respiratory symptoms, according to a report from Stat. Gilead’s shares leapt more than 15% in after-hours trading following the report.


2 posted on 04/16/2020 5:29:48 PM PDT by SeekAndFind (look at Michigan, it will)
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To: SeekAndFind

OK, Good news, but here’s something to caution us (especially for those planning to own its stocks):

Unlike say, Hydroxychloroquine which has been tested in various places, Today’s reports are based on just ONE SITE and there is no placebo. In fact, the Phase 3 severe study reading out in the next 1-2 weeks has no placebo and is just 5 days versus 10 days of treatment.

Gilead still expects to report data from a controlled study in patients with severe disease by the end of April, with data from a study of patients with moderate disease coming in late May.


3 posted on 04/16/2020 5:32:16 PM PDT by SeekAndFind (look at Michigan, it will)
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To: SeekAndFind

Game changer (maybe).


4 posted on 04/16/2020 5:32:35 PM PDT by BlueStateRightist (Government is best which governs least.)
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To: BlueStateRightist

This is 21st Century’s equivalent of the Manhattan Project.


5 posted on 04/16/2020 5:34:10 PM PDT by MinorityRepublican
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To: SeekAndFind

Bet mine script is more expensive than HCQ


6 posted on 04/16/2020 5:35:27 PM PDT by griswold3 (Democratic Socialism is Slavery by Mob Rule)
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To: SeekAndFind

HCQ for treatment early in the course of the disease or Remdesivir if it goes too far. Works for me but seriously what kind of name is Remdesivir? It doesn’t exactly stick in your head does it? How about CCP Virus Killer?


7 posted on 04/16/2020 5:38:55 PM PDT by willk (A bias news media is not a free press.)
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To: SeekAndFind

“Most of our patients are severe and most of them are leaving at six days, so that tells us duration of therapy doesn’t have to be 10 days. We have very few that went out to 10 days, maybe three,” she said.

Asked about the data, Eric Topol, director of the Scripps Research Translational Institute, described them as “encouraging.”

“The severely hit patients are at such high-risk of fatality. So if it’s true that many of the 113 patients were in this category and were discharged, it’s another positive signal that the drug has efficacy,”


8 posted on 04/16/2020 5:41:22 PM PDT by FreedomNotSafety
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To: SeekAndFind

Lol I just emailed Mr. Financial Guy and suggested he buy some. I’ll see how it goes.


9 posted on 04/16/2020 5:44:33 PM PDT by JudyinCanada
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Comment #10 Removed by Moderator

To: willk

RE: but seriously what kind of name is Remdesivir? It doesn’t exactly stick in your head does it?

Easier to pronounce with less syllables than Hydroxychloroquine :)


11 posted on 04/16/2020 5:49:17 PM PDT by SeekAndFind (look at Michigan, it will)
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To: stars & stripes forever

Just curious, where did they publish the price of Remdesivir?


12 posted on 04/16/2020 5:54:21 PM PDT by SeekAndFind (look at Michigan, it will)
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To: stars & stripes forever

If I came down with this thing, I’d want to go with the ‘Trump pills’.

We’ve heard a lot of personal, as well as scientific, testimony to the efficacy of that.

Science isn’t always what it’s cracked-up to be; but human beings tend to know intimately the bodies within which they individually live.


13 posted on 04/16/2020 5:54:48 PM PDT by Jamestown1630 ("A Republic, if you can keep it.")
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To: SeekAndFind

What is the cost of the Gilead treatment? for the record I own the stock and have for about 10 years. Been waiting for the right time to sell it. It has not been this high in 36 months.


14 posted on 04/16/2020 5:55:37 PM PDT by ncfool (Impeachment: The Democrat campaign to re-elect Trump - Keep America Great 2020)
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To: SeekAndFind

I saw the post on another thread. It didn’t have an active link. If it isn’t correct, ask to have the post pulled.


15 posted on 04/16/2020 5:56:06 PM PDT by stars & stripes forever (Blessed is the nation whose God is the Lord. (Psalm 32:12))
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To: stars & stripes forever

Remdesivir is an IV (not oral) drug and isn’t on label for any indication. So it cannot have a price yet. My guess is that Gilead will feel obliged to make it somewhat affordable for mass use during a pandemic. Further, all insurances will likely cover its use for COVID-19.


16 posted on 04/16/2020 5:58:32 PM PDT by BlueStateRightist (Government is best which governs least.)
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To: SeekAndFind

1) Remdesivir is not currently for sale and it therefore has no price.

2) It’s not a pill, it’s given IV.

3) Word on the street - results are spectacular.


17 posted on 04/16/2020 5:59:22 PM PDT by Jim Noble (There is nothing racist in stating plainly what most people already know)
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To: MinorityRepublican

It is an available drug.

Not exactly getting all the best minds in the world together to save the world.


18 posted on 04/16/2020 6:00:58 PM PDT by Vermont Lt
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To: SeekAndFind

As I said on the other thread. This has got a big chance once they get their study finished and published.


19 posted on 04/16/2020 6:01:32 PM PDT by hawkaw
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To: SeekAndFind

Good for Gilead. More trials, please.


20 posted on 04/16/2020 6:01:51 PM PDT by TChad (The MSM, having nuked its own credibility, is now bombing the rubble.)
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