Gilead stock surges 15% after report says coronavirus drug trial shows encouraging early results [CNBC]
Gilead Sciences, Inc. (GILD)
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Source: CNBC
Gilead Sciences shares surged by more than 15% in after-hours trading Thursday after an industry publication said Covid-19 patients being treated with the company's antiviral drug Remdesivir appear to have "rapid recoveries in fever and respiratory symptoms." STAT News said a doctor in Chicago overseeing a closely watched clinical trial on the drug found that most of its patients had been discharged in less than a week. "The best news is that most of our patients have already been discharged, which is great. We've only had two patients perish," University of Chicago infectious disease specialist Kathleen Mullane said, according to STAT News, which obtained a video of her remarks. The University of Chicago Medicine recruited 125 patients with the virus into Gilead's two late-stage clinical trials. There are no proven therapies to treat Covid-19, which has infected more than 2 million worldwide as of Thursday night, according to data compiled by Johns Hopkins University. President Dona
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