By Kim Khan
Investing.com – Gilead Sciences (NASDAQ:) said after the bell Wednesday it will initiate two late-stage clinical trials for its drug remdesivir as a Covid-19 treatment.
About 1,000 patients will begin the trials in the beginning of March and “will assess two dosing durations of remdesivir, administered intravenously,” Gilead said in a press release.
The patients will come from “medical centers primarily across Asian countries, as well as other countries globally with high numbers of diagnosed cases.”
Shares of Gilead, up 6.56% in regular-session trading, added another 2.4% after the bell.
“The new clinical studies expand the ongoing research into remdesivir, which includes two clinical trials in China’s Hubei province led by the China-Japan Friendship Hospital as well as the recently initiated clinical trial in the US led by the National Institute of Allergy and Infectious Diseases,” the company said.
Remdesivir is an antiviral that has been tested before in people infected with Ebola.
would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.