Dow futures rally 800 points after Gilead coronavirus drug reportedly shows effectiveness

AtomicPiss

https://cnbc.com/2020/04/16/sp-500-etf-jumps-2percent-after-hours-on-report-gilead-drug-showing-effectiveness-treating-coronavirus.html

Sledog

Impossible it's a sure death sentence!

BearsWiin

Remdesivir is very promising. Several weeks ago they sent a shitload of doses to China both to help with the worst outbreak at the time and also to get data on how effective it is and under what circumstances. Latest study looked at the effective difference between 5- and 10-day regimens. Keep in mind it's an intravenous drug, given over a course of several days, so it requires patients to be hospitalized. For serious cases, but if it keeps people from dying and cuts the time they're in ICUs, it could have a huge beneficial effect on mortality rates, hospital overloading, general fear/panic, and public policy going forward.

As of ten days ago Gilead had enough for 140k regimens. Given the length of time it takes to create the drug, they may not have very much going forward until later in the year. They have been ramping up production even before getting the results of the studies, but it'll be October before they see the results of the ramp up - 500k regimens by October, 1M total by the end of the year.

https://www.gilead.com/stories/articles/an-update-on-covid-19-from-our-chairman-and-ceo

Kaepsknee

I’m sure the market jumping had nothing to do with Boeing opening up. Yep. It was all about the new injected fish tank cleaner.








See how ridiculous that sounds. Because that’s the negativity that is encountered any previous time someone had done trials that have shown success with the various existing drugs.

I hope it works well just as I hope the others do.

Swaye

Drug companies are always the devil until they can save the world from the wuflu.

HoustonHusky

The guy pushing the story is named Adam Fuerstein, who got famous pushing pretty much fraudulent stuff a while back. Interesting thread on it:

https://twitter.com/RealTianZeng/status/1250979087079878656

PurpleThrobber

With that said (Jake Browning still sucks) let me be clear, like we say, this is just what I found and my personal opinions only, it is not meant to be a conspiracy theory but do wanna share it anyway. Don't twist. Either way it will be interesting

Edited HH style

HoustonHusky

And now that the hedge fund made it's money not such a good look from Gilead or Adam...

https://twitter.com/adamfeuerstein/status/1253365703421419522

GILD now back at $76...

Kaepsknee

Tough day in Aptos.

doogie

HoustonHusky said:

And now that the hedge fund made it's money not such a good look from Gilead or Adam...

https://twitter.com/adamfeuerstein/status/1253365703421419522

GILD now back at $76...

so, we’re back to trusting China now?

HoustonHusky

Don’t trust China...they are about as trustworthy as a crooked reporter inventing news on a drug stock to bump its price up right before a bunch of options expire and a ton of abnormal trading occurring on said options.

UWerentThereMan