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Stock impact report

AstraZeneca pilots diabetes drug as potential COVID-19 treatment [Yahoo! Finance News]

GlaxoSmithKline PLC (GSK) 
US:NYSE Investor Relations: gsk.com/en-gb/investors
FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the NYSE in New YorkBy Pushkala Aripaka) - Britain's AstraZeneca is testing a diabetes drug as a potential treatment for COVID-19 patients who also had existing heart and kidney problems, its second trial of an approved therapy to help treat the disease caused by the coronavirus.Dubbed "DARE-19", AstraZeneca said on Thursday that the study will assess if Farxiga can reduce the risk of death from serious complications and organ failure in such patients.Drugmakers are rushing to advance potential treatments for the fast-spreading virus outbreak that has infected more than 2.62 million people globally and so far killed 183,761 with the respiratory illness, according to a tally."AstraZeneca is committed to finding new solutions to fight COVID-19 by investigating the application of our new and existing medicines," Mene Pangalos, Executive VP of biopharmaceuticals at the company, sa Show less Read more
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