An official from the World Health Organization said the drug remdesivir is showing signs that it may be able to help treat the deadly coronavirus
Gilead Sciences was the second-best performing stock in the S&P 500 and was just one of two stocks in the Nasdaq-100 that was trading higher on Monday, when the Dow plunged more than 1,000 points due to fears about the disease spreading to Italy, South Korea and Iran."There is only one drug right now that we think may have real efficacy and that's remdesivir," Bruce Aylward, an assistant director-general of the World Health Organization , said at a press conference in Beijing.
Read More"The two studies -- one in patients with severe disease and another in patients with moderate disease -- are currently enrolling participants and we anticipate results in April," the Gilead Sciences spokesman said.Gilead Sciences also said earlier this month that it has been working with Chinese health authorities to see if remdesivir, an experimental drug that has been used to treat the Ebola virus, can combat coronavirus symptoms.
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