Gilead Sciences drug shows promising result during the coronavirus treatment, stock soars

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When the COVID-19 pandemic recently broke out in the US, a few pharmaceuticals took it upon themselves to develop a vaccine or treatment for the coronavirus, and Gilead Sciences was one of the fore-runners. Only a few months down the line, Gilead’s experimental drug, remdesivir has sparked positive reactions. In a Thursday report, the University of Chicago Medicine researchers said that there had been “rapid recoveries” in 125 COVID-19 patients taking the remdesivir as part of a clinical trial. Following the recent development, shares of Gilead Sciences Inc. (GILD) jumped 8% on Friday.Before now, there had been no particular or…
Source: Gilead Sciences drug shows promising result during the coronavirus treatment, stock soars

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