© Reuters. FILE PHOTO: A Gilead Sciences Inc. office is shown in Foster City, California(Reuters) – Gilead Sciences Inc (NASDAQ:)’s shares surged 16% in after hours trading on Thursday following a media report detailing encouraging partial data from trials of the U.S. company’s experimental drug remdesivir in severe COVID-19 patients.
A University of Chicago hospital participating in a study of the antiviral medication said it is seeing rapid recoveries in fever and respiratory symptoms, with nearly all patients discharged in less than a week, according to medical news website STAT https://www.statnews.com/2020/04/16/early-peek-at-data-on-gilead-coronavirus-drug-suggests-patients-are-responding-to-treatment.
Gilead, in an emailed statement, said “the totality of the data need to be analyzed in order to draw any conclusions from the trial.”
UChicago Medicine, also in an email, said “partial data from an ongoing clinical trial is by…
