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World Gilead's Remdesivir may be effective against coronavirus, WHO says

02:05  25 february  2020
02:05  25 february  2020 Source:   thestreet.com

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Gilead Sciences' antiviral remdesivir may be effective against the coronavirus , the World Health Organization says . One of the studies is evaluating remdesivir in patients with confirmed disease who have developed more severe clinical complications like a requirement for supplemental oxygen.

(Bloomberg) -- Gilead Sciences Inc. shares gained Monday after a senior World Health Organization official said the company’s experimental drug may be the best bet to find a treatment for the new coronavirus spreading around the globe. Gilead ’ s compound, remdesivir

Gilead's Remdesivir May Be Effective Against Coronavirus, WHO Says © TheStreet Gilead's Remdesivir May Be Effective Against Coronavirus, WHO Says Shares of Gilead Sciences were rising after the World Health Organization said the drugmaker's antiviral remdesivir may be effective against the coronavirus.

The comments, which were reported by CNBC, came in a press conference at which the organization lauded the Chinese government for the measures it took to stem the spread of the virus. When identifying any drugs that could potentially combat the disease, WHO named the drug from Gilead Sciences.

Remdesivir is an investigational antiviral that hasn't yet been approved anywhere globally for any use.

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Gilead said the potential 2019-nCoV treatment is active against other forms of coronaviruses in animals, especially MERS and SARS. Bansal said that remdesivir may quickly become available for emergency use. However, he noted it may take longer before Gilead makes the potential 2019-nCoV

While Gilead ’ s experimental drug isn’t licensed or approved anywhere in the world, it is being rushed into trials in China on coronavirus patients after Chinese scientists have found Gilead ’ s remdesivir , and chloroquine, an 80-year-old malaria drug, “highly effective ” in laboratory studies at thwarting the

Pictures: China's empty streets amid coronavirus (Reuters)

a city street: A view of a street in Wuhan after the city's government announced a ban on non-essential vehicles in the downtown area to contain the coronavirus outbreak, in Wuhan, China, January 26. China Daily via REUTERS
However, Gilead Sciences has been working with global health officials in responding to the coronavirus outbreak and officials have been experimenting with remdesivir. Numerous health organizations have participated in the trials including the U.S. Food and Drug Administration, Centers for Disease Control and Prevention, Department of Health and Human Services, National Institute of Allergies and Infection Diseases, Department of Defense, the China CDC and the World Health Organization.

Working with health authorities in China, Gilead Sciences has initiated two clinical trials of coronavirus.

One of the studies is evaluating remdesivir in patients with confirmed disease who have developed more severe clinical complications like a requirement for supplemental oxygen. The other study is evaluating the drug in coronavirus patients who have been hospitalized but are not displaying significant manifestations of the disease.

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Gilead Drug to Undergo Human Trials in China to Cure Coronavirus . Bloomberg News. Remdesivir , a new antiviral drug by Gilead Sciences Inc. aimed at infectious diseases such The first experimental drugs used against Ebola, including remdesivir and Mapp Biopharmaceutical Inc.’ s

Gilead Sciences is Real Money' s Stock of the Day. The World Health Organization said the drugmaker' s antiviral remdesivir may be effective against the coronavirus . Stocks fell sharply Monday as investors grow worried the global spread of the coronavirus , which now has been found

The drug is available to patients through compassionate use requests that must be submitted by the patient's treating physician.

Gilead Sciences shares were rising 4.8% to $73.05 in trading on Monday.

This article was originally published by TheStreet.

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Coronavirus testing centre operating in Sydney office building .
A coronavirus testing facility in Sydney's north has been shut down after it was revealed to be operating in a public office building. A 2BG listener blew the whistle on the Laverty Pathology testing lab in Bella Vista phone call with Ben Fordham."We found out today after spending a few moments in a lift with an old man with a mask on that they have opened a coronavirus blood testing lab, or collection lab, on floor one of our building," the caller who gave his name as Peter said. © Supplied Coronavirus testing lab in Sydney's north.

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