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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: locogringo who wrote (1223819)4/23/2020 1:59:22 PM
From: sylvester80  Respond to of 1578618
 
BREAKING: AFTER HYDROXYCHLOROQUINE DEADLY STUDY, NOW COMES GILEAD'S REMDESIVIR FLOPPED IN TRIAL
finance.yahoo.com
Stocks rapidly pared earlier gains Thursday afternoon after the Financial Times reported that a hopeful coronavirus treatment from Gilead ( GILD) flopped in a trial.

The study for Gilead’s antiviral drug remdesivir produced results that did not give meaningful conclusions on its efficacy, and the study ended due to low enrollment, according to the report. Last week, a report that provided upbeat anecdotal data on remdesivir’s effectiveness in treating patients with COVID-19 in Chicago had sent stocks on a tear.

Investors also continued to digest Thursday’s initial unemployment claims report, which showed that millions more individuals filed for unemployment benefits last week.