Investors may be too enthusiastic about a scoop from the health-care news website STAT on a trial of Gilead Sciences’ antiviral drug remdesivir in patients with severe Covid-19, analysts say.
Gilead shares were up 10.6% shortly after the open on Friday, and had risen much further in trading after the close on Thursday. STAT reported Thursday evening that nearly all of the patients at one Chicago hospital participating in a Gilead-sponsored trial of remdesivir were discharged in less than a week.
Anyone else creeped out about that company name...?
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