Coming up at 4 PM: Dr Sanjay Oak, Maharashtra’s #COVID19 task force says cases can peak in 3-4 days & the panel is divided on ‘hard lockdowns.’ He also says that Remdesivir availability is a ‘tough situation’ & adds that Mumbai has ‘breathing space’ in terms of hospital infra
India bans $GILD Remdesivir exports as coronavirus rages on; rallies continue
Dr. Fauci speaks on the clinical trial for potential coronavirus treatment drug remdesivir: “What it has proven is that a drug can block this virus ... This drug happens to be blocking an enzyme that the virus uses."
New York promised to help states in need as we were helped when we needed it. Today we pay it forward. Tomorrow we will deliver Remdesivir to Florida to help care for COVID patients. The people of NY stand shoulder to shoulder with Americans fighting this virus.
As Gilead's stock price rises on reports of remdesivir, remember that the drug was developed with a $37.5 million grant from the federal government paid for by the taxpayers. Once again, Big Pharma is set to profit on the taxpayer's dime.
Remdesivir, a potential treatment for coronavirus, has boosted Gilead's stock price in recent days. But here's the catch: Remdesivir was developed with taxpayer funding through CDC and NIH. No drug that was developed with public dollars should be used to pad pharma profits.