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Biotech / Medical : Gilead Science (GILD) Followers
GILD 125.67+0.4%Dec 24 9:30 AM EST

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From: zax4/6/2020 3:39:45 PM
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Coronavirus Fighter Gilead Sciences Might Be Expensive, but It’s Still Worth Owning

Gilead Sciences (GILD) has positioned itself at the front line in the global war against COVID-19. The biotech’s experimental drug remdesivir is currently in two Gilead sponsored Phase 3 trials in over 90 locations, and two further investigator sponsored Phase 3 trials in China. The drug is currently registered in 11 ongoing trials, from which a handful of data readouts are expected in the next 2 to 6 weeks.

So far, remdesivir has shown powerful in vitro efficacy against RNA viruses in cell-based assays and evidence of efficacy in both in California and Washington states; Additionally, there has also been some anecdotal evidence from American cruise passengers, as well as locals, treated in Japan.

Oppenheimer’s Hartaj Singh noted, “We believe GILD likely has further positive in-vitro data from Chinese CDC in nonhuman primate (NHP) cells and potentially also from US CDC in human cells.” Yet, Singh remains “cautious going into the impending data readouts,” due “the limited data against human patients.” And compared to the ongoing Gilead Phase 3 trials, the Chinese studies have broader inclusion and exclusion criteria, leading to fears there will be mixed results displaying no clinical significance on account of “too heterogeneous a patient population in both studies.”

... finance.yahoo.com
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