Remdesivir shortens recovery from CoronaVirus, COVID-19 by 31%, President Donald Trump announced Friday, 1st May, 2020

Remdesivir shortens recovery from CoronaVirus COVID-19 by 31%, President Donald Trump announced Friday, 1st May, 2020 The Food and Drug Administration has granted emergency use authorization for Gilead Sciences remdesivir drug to treat the coronavirus, President Donald Trump announced Friday. Trump made the announcement in the Oval Office alongside Gilead CEO Daniel O’Day. “We want to thank the collaborators that brought remdesivir to this point and many of our people that have been part of this, in fact, the caregivers,” O’Day told reporters. He added that the company is donating one million vials of remdesivir. Gilead shares pared losses, but were still down 4% in trading Friday. The stock, which has a market value of about $101 billion, has gained 21% since the start of the year. The EUA means that remdesivir has not undergone the same level of review as an FDA-approved treatment, according to an FDA fact sheet on the drug. However, doctors will be allowed to …
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