Dr. Anthony Fauci says Gilead's remdesivir will set new 'standard of care' for coronavirus treatment [CNBC]
Gilead Sciences, Inc. (GILD)
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Source: CNBC
White House health advisor Dr. Anthony Fauci said Wednesday that data from a coronavirus drug trial testing Gilead Sciences ' antiviral drug remdesivir showed "quite good news" and sets a new standard of care for Covid-19 patients. Speaking to reporters from the White House, Fauci said he was told data from the trial showed a "clear-cut positive effect in diminishing time to recover." Fauci said the median time of recovery for patients taking the drug was 11 days, compared with 15 days in the placebo group. He said the mortality benefit of remdesivir "has not yet reached statistical significance." The results suggested a survival benefit, with a mortality rate of 8% for the group receiving remdesivir versus 11.6% for the placebo group, according to a statement from the National Institutes of Health released later Wednesday. "This will be the standard of care," Fauci, director of the National Institute of Allergy and Infectious Diseases, added. "When you know a drug works, you have to
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