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Stock impact report

Heartburn drug trial shows 'reasonable confidence' famotidine could help treat coronavirus, hospital CEO says [MSNBC.com]

Gilead Sciences, Inc. (GILD) 
Last gilead sciences, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.gilead.com
Company Research Source: MSNBC.com
Northwell Health CEO Michael Dowling said that scientists working on a drug trial for famotidine, a common heartburn medication, have "a reasonable confidence" that the drug may make a difference in the treatment of Covid-19 patients."It's one of many trials we're doing, but we believe in the next two weeks or so we'll have some potential results to be able to tell whether it's working or not," Dowling told CNBC on Tuesday. He said it's too early to say definitively whether or not it works, but "our scientists have a reasonable confidence in this trial that it may make a difference."Dowling said there are approximately 200 patients currently enrolled in the trial, which uses nine times the amount of famotidine that someone would usually take to treat heartburn, as first reported byScience MagazineThe study, which is underway at the Feinstein Institutes for Medical Research, the research arm of New York-based health system Northwell Health, was kept under wraps to ensure enough supply Show less Read more
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