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Stock Futures Surge On Hopes of ‘Miracle’ Drug for Treating COVID-19: VIDEO

John Wright April 17, 2020 Leave a Comment

Remdesivir, an anti-viral drug originally developed by Gilead Sciences as a possible treatment for the Ebola virus, has shown preliminary promise in treating COVID-19 patients.

In fact, a report about the drug's effectiveness caused U.S. stock futures to surge on Thursday night.

“My hunch is that it's going to work earlier in the disease so if it's introduced early in the disease it can be an effective drug. It's not a slam dunk by any means. I don't think it's a cure for the virus,” says @scottgottliebMD on the potential of remdesivir. $GILD pic.twitter.com/P5ZCdttYpe

— Squawk Box (@SquawkCNBC) April 17, 2020

In one clinical trial at the University of Chicago School of Medicine, 125 patients suffering from COVID-19 received daily infusions of Remdesivir. Of them, 113 had severe disease.

“The best news is that most of our patients have already been discharged, which is great. We've only had two patients perish,” said Dr. Kathleen Mullane, who is overseeing the Remdesivir study.  

Mullane made the statements in a discussion about the trial with other University of Chicago faculty members. The medical news website STAT News obtained a video of the discussion.

STAT News reports: Mullane, while encouraged by the University of Chicago data, made clear her own hesitancy about drawing too many conclusions. “It's always hard,” she said, because the severe trial doesn't include a placebo group for comparison. “But certainly when we start [the] drug, we see fever curves falling,” she said. “Fever is now not a requirement for people to go on trial, we do see when patients do come in with high fevers, they do [reduce] quite quickly. We have seen people come off ventilators a day after starting therapy. So, in that realm, overall our patients have done very well.” She added: “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. 

More from CNN: Trials of the drug are ongoing at dozens of other clinical centers, as well. Gilead is sponsoring tests of the drug in 2,400 patients with severe Covid-19 symptoms in 152 trial sites around the world. It's also testing the drug in 1,600 patients with moderate symptoms at 169 hospitals and clinics around the world. Gilead said it expected results from the trial by the end of the month. “We understand the urgent need for a COVID-19 treatment and the resulting interest in data on our investigational antiviral drug remdesivir,” the company said in a statement to CNN. But it said a few stories about patients are just that — stories. “The totality of the data need to be analyzed in order to draw any conclusions from the trial. Anecdotal reports, while encouraging, do not provide the statistical power necessary to determine the safety and efficacy profile of remdesivir as a treatment for Covid-19,” Gilead said.

The time has come to defend science against its own practitioners. Thread!!!!!!!!!! Spoiler: Remdesivir may work, but we won't find that out from a "study" with no fricking control group and with patients who statistically are *not expected to die anyway*.

— Jeremy Faust MD MS (ER physician) (@jeremyfaust) April 17, 2020

Reporters write speculative article based on leaked video (was it unauthorized video conf recording?) and not only does remdesivir manufacturer Gilead $GILD stock surge 10% but the whole stock market poised to jump 3%.

Someone needs to write a novel! 🤦🏾‍♂️https://t.co/vvLJmYBzoe

— Venk Murthy MD PhD (@venkmurthy) April 17, 2020

Topics: Health, towleroad, World More Posts About: coronavirus, Covid-19, Covid-19, Remdesivir

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