Gilead's Ebola Drug Shows Positive Signs in Treating Coronavirus
Gilead Sciences (NASDAQ: GILD) shot up as much as 13% on the news that its failed Ebola drug, remdesivir, showed promising initial signs of helping patients with the coronavirus. In an official statement before the weekend, the company announced it was working together with U.S. and Chinese health regulators to see whether remdesivir could improve patient symptoms.
The company stated that remdesivir saw some success in treating patients with SARS and MERS, two other viruses with similarities with the coronavirus when tested in animals. Remdesivir was also tested on one U.S. coronavirus patient prior to the weekend, who showed an impressive improvement in symptoms following a single dose.
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Source Fool.com
