Gilead Sciences has announced it is 'aware of positive data' from the National Institute of Allergy and Infectious Diseases' study of remdesivir for the treatment of COVID-19.
New York US stocks rose sharply Wednesday after Gilead Sciences announced encouraging results for its experimental coronavirus treatment.
The upbeat news on Gilead's remdesivir is raising hopes of progress on the fight against a pandemic that has killed more than 50,000 people and crushed the American economy. Gilead Sciences announced it is "aware of positive data" from the National Institute of Allergy and Infectious Diseases' study of remdesivir for the treatment of COVID-19. The company said it understands the trial"met its primary endpoint.
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