Gilead Sciences Inc. (GILD)

Index:

Nasdaq 100

$ 70.73
   
  • Change Today:
    $0.06
  • 52 Week High: $87.29
  • 52 Week Low: $63.15
  • Currency: US Dollars
  • Shares Issued: 1,246.00m
  • Volume: 10,915,468
  • Market Cap: $88,130m
  • RiskGrade: 120

WHO advises against prescribing remdesivir for Covid-19

By Caoimhe Toman

Date: Friday 20 Nov 2020

LONDON (ShareCast) - (Sharecast News) - WHO advises doctors against treating Covid-19 patients with Gilead Science's remdesivir drug (under the name Veklury) that has "no meaningful effect" on survival or need for ventilation.
According to an expert WHO panel writing in the British Medical Journal on Friday, the drug was "not suggested for patients admitted to hospital with Covid-19, regardless of how severely ill they are, because there is currently no evidence that it improves survival or the need for ventilation".

Friday's recommendation is based on four randomised trials involving more than 7,000 patients. "Remdesivir has no meaningful effect on mortality or on other important outcomes for patients, such as the need for mechanical ventilation or time to clinical improvement," the global health watchdog said.

Last month, the WHO released evidence on the drug which showed that it had no effect on mortality, hospital stays or the need for ventilation. Gilead alleged the study was flawed.

Gilead responded to the statements made on Friday by saying: "It's recognized as a standard of care for the treatment of hospitalized patients with Covid-19 in guidelines from numerous credible national organizations, including the US National Institutes of Health and Infectious Diseases Society of America, Japan, UK and Germany."

"We are disappointed the WHO guidelines appear to ignore this evidence at a time when cases are dramatically increasing around the world and doctors are relying on Veklury as the first and only approved antiviral treatment for patients with Covid-19 in approximately 50 countries."

Remdesivir was approved by the US Food and Drug Administration last month.

The health body has advised using steroids to manage severe Covid-19 patients.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

GILD Market Data

Currency US Dollars
Share Price $ 70.73
Change Today $ 0.06
% Change 0.08 %
52 Week High $87.29
52 Week Low $63.15
Volume 10,915,468
Shares Issued 1,246.00m
Market Cap $88,130m
RiskGrade 120

What The Brokers Say

Strong Buy 4
Buy 8
Neutral 17
Sell 1
Strong Sell 0
Total 30
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Trades for 24-Jun-2024

Time Volume / Share Price
16:00 1,408,946 @ $70.73
15:59 600 @ $70.72
15:59 200 @ $70.73
15:59 200 @ $70.73
15:59 100 @ $70.73

Top of Page