Gilead Analysts Break Down Remdesivir Data Readout From Compassionate Use [Yahoo! Finance News]
Gilead Sciences, Inc. (GILD)
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Source: Yahoo! Finance News
Gilead Sciences, Inc.GILDa small cohort of COVID-19 patientsremdesivirThe Gilead AnalystsBofA Securities analystGeoff MeachamWells Fargo Securities analystJim Birchenough is covering every angle of how the coronavirus affects the financial world.For daily updates,sign up for our coronavirus newsletterAny Clinical Use Of Remdesivir Will Largely Be A Stopgap, BofA SaysOverall trends were positive, with 68% of the patients treated with Gilead's remdesivir experiencing clinical improvement, Meacham said in a Sunday note.The data is encouraging from a clinical perspective given the limited treatment options for the new coronavirus, the analyst said.Yet the results also underline the challenges, with nearly one-third of patients failing to improve and a 13% fatality rate, he said.Meacham said he also sees the 10-day course of intravenous administration, which requires 30-60 minutes per dose, as a handicap.The rate of adverse events was high, the analyst said."Remdesivir may well have some e
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