Market’s remedy rally more rational than it sounds

  • 📰 Breakingviews
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Reported recoveries in Covid-19 patients on Gilead’s remdesivir drug sent the market up. But the jump in the drugmaker’s own valuation is harder to explain, writes rob_cyran.

Gilead Sciences’ share price rose 11% in early trading on April 17, following a story in Stat News that said a Chicago hospital is seeing rapid recoveries in patients using the company’s unapproved antiviral, remdesivir. The hospital is one site conducting an open-label, non-controlled study of the drug.

On April 10, the New England Journal of Medicine published results of compassionate use of Gilead Sciences’ remdesivir on 61 patients. The study, which did not contain a control arm, said clinical improvement was observed in 68% of the 53 patients whose data was analyzed. Without a randomized controlled study design, it’s impossible to say whether any effects were caused by the drug in either case. A double-blind, placebo-controlled study, being conducted by the National Institutes of Health, is currently fully enrolled, and is due to report in late May.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Reuters rob_cyran remdesivir not the answer. It is as simple as this right here:

Reuters rob_cyran Gildan shot up today as well lmfao

Reuters rob_cyran Scam by Soros special

Reuters rob_cyran

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 470. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stock market live updates: Rally losing steam, Gilead surges, Amazon dropsSeveral pharmaceutical and medical stocks like $ABT and $VRTX hit new highs today. Follow along with the latest stock market updates here: How can you go wrong buying and holding pharmaceuticals at this level?
La source: CNBC - 🏆 12. / 72 Lire la suite »

Stock market live updates: Dow futures up, bracing for jobless claimsStocks are coming off a major sell-off on Tuesday from dismal earnings and economic data. Keeping realDonaldTrump and the GOP in office America will lose 85% of America. Dont wait 🤔do it now 👉🏽2/3 remove 25AmendmentNow Headline bracing for jobless claims. Really, why this nonsense headline. Does this number matter at this time. The disconnect between Wall St. and Main St. is even more astounding during a pandemic
La source: CNBC - 🏆 12. / 72 Lire la suite »

Big Gains in Havens Stoke Worries About Stock-Market PullbackSafer assets from gold to Treasurys are rising alongside major indexes, a sign that the stock market rebound hasn’t assuaged investors’ fears about the world economy. Wages will go up. Rent will go down. Workers will start saving. When the monumental unemployment numbers dont faze the stock markets, you know you've reached a point where the stock market is completely detached from the real productive economy. time will tell what will happen with the economy... as usual people are underestimating the Millennials and GenX whose spending patterns are about to REALLY CHANGE!! They Are Traumatized By Current Events and I Doubt Shiny New Technology is gonna work this time!
La source: WSJ - 🏆 98. / 63 Lire la suite »

Stock market faces a critical decision now, trader saysAre we in a bear market trap or are we going to new highs with the unprecedented economic stimulus package? strategist Todd Gordon takes a look.
La source: CNBC - 🏆 12. / 72 Lire la suite »