Latest data show remdesivir reduces risk of death in COVID-19 patients
Gilead Sciences (Nasdaq: GILD) revealed additional data on remdesivir, its antiviral which is already a front-runner in the treatment of COVID-19, showing that the drug also significantly reduced the death rate in infected patients, with the news sending the biotech firm’s shares up 2.16% to $76.32 by close of trading on Friday.
The data were presented at the Virtual COVID-19 Conference as part of the 23rd International AIDS Conference (AIDS 2020: Virtual) and include a comparative analysis of the Phase III SIMPLE-Severe trial and a real-world retrospective cohort of patients with severe COVID-19. In this analysis, remdesivir was associated with an improvement in clinical recovery and a 62% reduction in the risk of mortality compared with standard of care – an important finding that requires confirmation in prospective clinical trials, said Gilead.
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