Too many 'shiny objects': Why it's risky to promise a coronavirus vaccine and cure [Los Angeles Times (CA)]
Gilead Sciences, Inc. (GILD)
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Source: Los Angeles Times
A surge of optimism has followed each recent announcement about possible cures and vaccines for COVID-19, including this week’s disclosure of a treatment that was first developed for the Ebola virus. But there is a price to pay for promising too much as the economy reels and the world anxiously awaits even a marginally effective therapeutic. Some promising announcements have been followed by reality checks, further muddling the picture about which ones will come to the rescue. The latest came this week after Dr. Anthony Fauci, the chief of the federal government’s top institute for infectious diseases, indicated that an anti-viral drug developed by Bay Area biotech giant Gilead Sciences sped up by several days the recovery of about half the people with COVID-19. Within 24 hours, however, the celebration was tempered by news that China had tested the same drug, used effectively against Ebola, and had found no benefit against the disease. In addition, both tests apparently showed littl
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