Markets

Gilead tanks 9% on report its coronavirus drug doesn’t help patients

Gilead stock plunged as much as 9% on Thursday after STAT News reported its experimental coronavirus drug remdesivir failed to improve patient conditions in a clinical trial. A summary of the trial’s results was mistakenly uploaded to the WHO’s website, STAT reported. The report contained “inappropriate characterizations of the study,” […]
Gilead tanks 9% on report its coronavirus drug doesn’t help patients
Markets

One Wall Street firm says approval for Gilead’s experimental coronavirus treatment is a coin-flip bet at best — but still thinks you should buy the stock right now

Gilead’s experimental coronavirus treatment has a 50/50 chance at gaining approval at best, RBC Capital Markets analysts wrote Wednesday. The biotech company soared amid the late February downturn after a World Health Organisation official deemed its remdesivir compound the best bet yet to combat the epidemic. Though the drug’s success […]
One Wall Street firm says approval for Gilead’s experimental coronavirus treatment is a coin-flip bet at best — but still thinks you should buy the stock right now
Markets

A small group of scientists, execs, and VCs are $277 million richer as their companies race to create a coronavirus vaccine. Here are 7 who have raked in huge sums.

Gilead,Moderna, and Novavax have all enjoyed massive gains after announcing potential coronavirus drugs, leading their executives, scientists, and early investors to rake in millions. The profits come as global markets tank on growing coronavirus concerns. Moderna has gained the most of the three since Friday’s close, jumping 60% after announcing […]
A small group of scientists, execs, and VCs are $277 million richer as their companies race to create a coronavirus vaccine. Here are 7 who have raked in huge sums.
Markets

Drug developer Gilead soars to 16-month high after WHO official says its experimental treatment is best shot for fighting coronavirus

Biotech company Gilead soared as much as 6.9% Monday morning after a World Health Organisation official made a hopeful comment on its experimental coronavirus treatment. The drug developer’s remdesivir compound is the “one drug right now that we think may have efficacy,” Bruce Aylward, an assistant director-general at the WHO, […]
Drug developer Gilead soars to 16-month high after WHO official says its experimental treatment is best shot for fighting coronavirus