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Pharma Giant Gilead Retracts Request FDA Extend Monopoly Status on Experimental Covid-19 Drug

Pharmaceutical giant Gilead Sciences on Wednesday retracted its effort to score extended monopoly rights and tax breaks on its antiviral drug remdesivir, which scientists are evaluating as a possible treatment in the novel coronavirus pandemic.Read more...
Tags: Health, Science, Pharmaceuticals, Gilead Sciences, Big Pharma, Gilead, Coronavirus, Covid 19, Sars Cov 2, Remdesivir, Pharma Giant Gilead


Gilead Withdraws Request for Special Orphan Status on Experimental Coronavirus Treatment

Critics said the company was profiteering from the coronavirus pandemic by seeking tax and monopoly benefits under a program intended to encourage drug development for rare diseases.
Tags: News, Food And Drug Administration, Gilead Sciences Inc, Gilead, Drugs (Pharmaceuticals, Your-feed-healthcare, Coronavirus (2019-nCoV, Remdesivir (Drug


Coronavirus Patients in Limbo as Gilead Suspends Emergency Drug Access

The company says it will switch to a broader approach for its experimental drug, remdesivir. But it was overwhelmed by demand for a potential treatment promoted by President Trump.
Tags: News, Trump, Clinical Trials, Gilead Sciences Inc, Gilead, Quest Diagnostics Inc, United States Politics and Government, Donald J, Drugs (Pharmaceuticals, Jack Allard, Your-feed-healthcare, Coronavirus (2019-nCoV


UCI researchers will test former Ebola drug as part of coronavirus clinical trial

Everybody is hoping for a miracle drug to treat COVID-19, the disease caused by the infectious novel coronavirus. Now, researchers at UC Irvine have a shot at helping to find it. As part of a national clinical trial, the Orange County team of medical scientists are authorized to use the anti-viral drug remdesivir — once developed to treat the Ebola virus — on certain COVID-19 patients hospitalized at UCI Medical Center in Orange. The study’s goal, over an unspecified period of time, will be to d...
Tags: News, California, Washington, White House, China, Sport, Soccer, Italy, Middle East, Omaha, National Institutes of Health, Fda, UC Davis, Orange County, Nih, Trump


Gilead puts emergency access to experimental coronavirus drug on hold amid surging demand

Gilead Sciences Inc said on Sunday it was temporarily putting new emergency access to its experimental coronavirus drug remdesivir on hold due to overwhelming demand and that it wanted most people receiving the drug to participate in a clinical trial to prove if it is safe and effective. The spread of the virus in Europe and the United States has "flooded an emergency treatment access system that was set up for very limited access to investigational medicines and never intended for use in respo...
Tags: Europe, News, United States, Gilead Sciences Inc, Gilead


States Tighten Public Limits; Grim Italy Milestone: Virus Update

(Bloomberg) -- New York state ordered non-essential workers to stay home, a move followed hours later by neighboring New Jersey and then by Illinois. Italy reported 627 fatalities, the most in one day anywhere, as the death toll in Europe’s epicenter topped 4,000.President Donald Trump banned all non-essential travel from Mexico, exempting commerce. He also deferred student loan payments.The U.K. and the U.S. warned that social distancing may be in place longer than expected. The European Union ...
Tags: Google, Amazon, Asia, Europe, New York, London, News, Nbc, Congress, Mexico, France, Singapore, Nigeria, America, Spain, Bloomberg


Hydroxychloroquine, chloroquine and other potential COVID-19 treatments explained

During two of this week’s White House briefings, President Trump referred specifically to two potential treatments that have been identified by medical researchers and clinicians, and that have undergone various degrees of investigation and testing in the ongoing fight against the global coronavirus pandemic. It’s important to note upfront that regardless of what you may have heard, from Trump or any other sources, no drugs or treatments have been proven as effective for either the prevention of...
Tags: Health, TC, Ebola, Science, France, White House, China, Tech, United States, President, Food And Drug Administration, Disease, Fda, Anthony Fauci, Malaria, Director


FDA testing coronavirus treatments including chloroquine, plasma from recovered COVID-19 patients

U.S. Food and Drug Administration Commissioner Stephen Hahn addressed the ongoing work of the agency in terms of its work on potential treatments and vaccines for the COVID-19 coronavirus currently spreading globally. Despite a claim early in Thursday’s White House briefing on the pandemic by President Donald Trump that one proposed treatment, anti-malarial chloroquine, had already been approved by the FDA for COVID-19 treatment, Hahn said that in fact the agency is currently looking at wide-...
Tags: Health, TC, White House, Tech, Food And Drug Administration, Fda, Donald Trump, Trump, U S Food and Drug Administration, Gilead, Hahn, Stephen Hahn, Coronavirus, COVID-19, COVID, Remdesivir


The US is sprinting to develop a coronavirus vaccine or treatment. Here's how 12 top drugmakers are racing to tackle the pandemic.

In attempting to counter the coronavirus pandemic, leading drugmakers are researching treatments and vaccines to stop the virus. The small biotech Moderna has leaped to the front of the race, with its vaccine candidate ready to begin testing in people. Pharma giants like Johnson & Johnson and Sanofi are also in the early stages of developing potential vaccines. There's no assurance the vaccines will work. It will take at least 12 months to 18 months to determine if these experimental vaccines ...
Tags: South Korea, Japan, Elon Musk, New York, California, Washington, White House, China, US, San Francisco, Trends, Indianapolis, Pennsylvania, Who, World Health Organization, Fda


FDA Urges Caution After Trump Says Malaria Drug Will Be Available to Coronavirus Patients ‘Almost Immediately’

An anti-malaria drug has been approved for use in treating coronavirus symptoms, President Trump said Thursday—however officials immediately cautioned that approval for widespread use was still a long way off.The drug Hydroxychloroquine, used on malaria and arthritis patients, will be made available “almost immediately” to coronavirus patients with a prescription, Trump said during the administration’s coronavirus task force briefing on Thursday. The U.S. Food and Drug Administration has slashed...
Tags: News, Washington Post, White House, Bloomberg, Fda, Associated Press, State Department, The Daily Beast, Ucla, Trump, Mike Pence, U S Food and Drug Administration, Gilead Sciences, Gilead, Hahn, One America News Network


From healthcare and Wall Street to Silicon Valley and space exploration, here's a breakdown of how the coronavirus is upending every industry

Hello! My Insider Inc. colleagues and I are now all working from home, and I expect many of you are too. I will admit that so far that it's been an adjustment. With that in mind, I want to start the newsletter this week with advice from six of our senior editors who have worked remotely for years about how to do it productively.  8 tips for crushing your job while working from home, from 6 leaders who have worked remotely for years I hope it's helpful. I should also note that cybersecurity expe...
Tags: Amazon, Spacex, Milan, Instagram, Microsoft, China, Ipo, Disney, US, Trends, Adidas, Tesla, Nasa, GCC, Italy, Nba


From the healthcare and Wall Street to Silicon Valley and space exploration, here's a breakdown of how the coronavirus is upending every industry

Hello! My Insider Inc. colleagues and I are now all working from home, and I expect many of you are too. I will admit that so far that it's been an adjustment. With that in mind, I want to start the newsletter this week with advice from six of our senior editors who have worked remotely for years about how to do it productively.  8 tips for crushing your job while working from home, from 6 leaders who have worked remotely for years I hope it's helpful. I should also note that cybersecurity expe...
Tags: Amazon, Spacex, Milan, Instagram, Microsoft, China, Ipo, Disney, US, Trends, Adidas, Tesla, Nasa, GCC, Italy, Nba


The US is sprinting to develop a coronavirus vaccine or treatment. Here's how 10 top drugmakers are racing to tackle the pandemic.

As the coronavirus outbreak has progressed into a pandemic, leading drugmakers are researching treatments and vaccines to stop the virus. The small biotech Moderna has leaped to the front of the race, with its vaccine candidate ready to begin testing in people. Pharma giants like Johnson & Johnson and Sanofi are also in the early stages of developing potential vaccines. There's no assurance the vaccines will work. It will take at least 12 months to 18 months to determine if these experimental ...
Tags: South Korea, Japan, New York, California, Washington, White House, China, Massachusetts, US, San Francisco, Trends, Indianapolis, Pennsylvania, Who, World Health Organization, National Institutes of Health


The US is sprinting to develop a coronavirus vaccine or treatment. Here's how 9 top drugmakers are racing to tackle the pandemic.

As the coronavirus outbreak has progressed into a pandemic, leading drugmakers are researching treatments and vaccines to stop the virus. The small biotech Moderna has leaped to the front of the race, with its vaccine candidate ready to begin testing in people. Pharma giants like Johnson & Johnson and Sanofi are also in the early stages of developing potential vaccines. There's no assurance the vaccines will work. It will take at least 12 months to 18 months to determine if these experimental ...
Tags: Japan, New York, California, White House, China, US, San Francisco, Trends, Pennsylvania, Who, World Health Organization, National Institutes of Health, Pfizer, Pharma, Anthony Fauci, Nih


The US is sprinting to develop a coronavirus vaccine or treatment. Here's how 9 top drugmakers are racing to tackle an outbreak that's spreading around the world.

As the coronavirus outbreak has exploded into a global public-health emergency, leading drugmakers have begun researching treatments and vaccines to stop the virus. The small biotech Moderna has leaped to the front of the race, with its vaccine candidate ready to begin testing in people. Pharma giants like Johnson & Johnson and Sanofi are also in the early stages of developing potential vaccines. There's no assurance the vaccines will work. It will take at least 12 months to 18 months to deter...
Tags: Japan, New York, California, White House, China, US, San Francisco, Trends, Pennsylvania, Who, World Health Organization, National Institutes of Health, Pfizer, Pharma, Anthony Fauci, Nih


'Crazy hours, short nights': The inside story of how a buzzy biotech upstart developed a potential coronavirus vaccine in record time (MRNA)

The $10 billion biotech Moderna developed a potential coronavirus vaccine in record time, zooming past Big Pharma competitors. The company's CEO Stephane Bancel sat down with Business Insider to discuss the technology platform that drove its speed, and how the company hopes to pioneer a new way of developing vaccines.  "The speed is one dimension, but the piece that excites me the most about this technology is we can do vaccines that cannot be done using traditional technology," Bancel said. T...
Tags: Amazon, Washington, France, China, Ipo, Massachusetts, US, Trends, Shanghai, Cambridge, Fda, Norwood, Anthony Fauci, Nih, Wall Street Journal, Polaroid


Bio Roundup: Gilead’s $4.9B Deal, COVID-19 Collabs, IPO Plans & More

Last month, Gilead Sciences CEO Daniel O’Day announced plans to introduce 10 “transformative medicines” over the next 10 years. Acquisitions would help meet that ambitious goal, and this week Gilead announced one of them: a nearly $5 billion deal for cancer immunotherapy developer Forty Seven.Forty Seven’s lead CD47-blocking drug—the company is named after the signaling molecule— is being tested in combination with chemotherapy as a treatment for blood cancers, although O’Day noted it could pot...
Tags: Deals, Startups, Ipo, Cancer, Trends, Venture Capital, M&a, Astrazeneca, Fda, National, Novartis, Allergan, Abbvie, Biotech, Stock Market, Nasdaq


Veteran healthcare VC Camille Samuels explains why trying to cure infectious disease is a lousy business

Camille Samuels has spent the last five years as a partner with the healthcare venture firm Venrock and a dozen years before that with Versant Ventures, where she was a managing director. This self-described “grizzled veteran” of the industry has participated in companies that have collectively taken half a dozen drugs to market, though she typically prefers to work with seed-stage companies and even to help create them. (She’s helping bake one at Venrock now with a founder who has been in th...
Tags: Health, TC, Tech, New York Times, Healthcare, Gartner, Venrock, Longevity, Unity, Ned, Samuels, Gilead, Versant Ventures, Ned David, COVID, Unity Technology


The US is sprinting to develop a coronavirus vaccine or treatment. Here's how 7 top drugmakers are racing to tackle an outbreak that's spreading around the world.

As the coronavirus outbreak has exploded into a global public-health emergency, leading drugmakers have begun researching treatments and vaccines to stop the virus. The small biotech Moderna has leaped to the front of the race, sending a vaccine candidate to US health officials to start testing in people. Pharma giants like Johnson & Johnson and Sanofi are also in the early stages of developing potential vaccines. A vaccine would likely to take more than a year to reach mass distribution, rese...
Tags: New York, California, Washington, White House, China, Africa, US, Trends, Pennsylvania, Bill Gates, Who, World Health Organization, National Institutes of Health, GlaxoSmithKline, Pfizer, Pharma


Gilead Boosts Cancer Drug Pipeline With $4.9B Deal for Forty Seven

Gilead Sciences, which finished 2019 with nearly $26 billion at its disposal, is putting some of that money to work with a $4.9 billion deal to acquire cancer immunotherapy developer Forty Seven.Under deal terms announced Monday, Foster City, CA-based Gilead (NASDAQ: GILD) will pay $95.50 for each share of Forty Seven (NASDAQ: FTSV). That’s a more than 64 percent premium to the company’s closing stock price last Friday. When Menlo Park, CA-based Forty Seven went public in 2018, it priced its sh...
Tags: Deals, Cancer, San Francisco, Trends, Fda, Biotech, Stanford University, Chemotherapy, Life Sciences, Clinical Trials, Gilead Sciences, Menlo Park CA, Gilead, American Society of Hematology, Kite Pharma, Foster City CA


Can Hepatitis C Be Cured for $300?

Hepatitis C (HCV) is treatable if caught early. Treatment for HCV typically costs $84,000 for a round of therapy using traditional medications marketed by pharmaceutical “for profit” companies. However, recently, a trial of two new medications promoted by the DNDI has given hope to a treatment regimen that would last a mere 12 weeks and cost $300.00 (1). The World Health Organization (WHO) has set a goal of the elimination of HCV by 2030, a feat now possible with the introduction of these novel ...
Tags: Health, US, Ukraine, Egypt, South Africa, Malaysia, Chile, World Health Organization WHO, Gilead, Sofosbuvir, Hepatitis C Treatments/Therapies, DNDI, Hepatitis C Medication, Pharmaniaga, Presidio Pharmaceuticals


Gilead just made a $4.9 billion bet on cancer-drug maker Forty Seven, whose stock skyrocketed 62%

The deal is the latest to add to Gilead's presence in cancer immunotherapy, an approach to treating cancer that harnesses the body's immune system.
Tags: Science, Gilead, Forty Seven


Chinese Biotech Company Censured for Claiming It Could Make Experimental Coronavirus Drug

A Chinese biotech company which claimed to be able to manufacture an experimental drug from Gilead Sciences with the potential to treat the novel coronavirus, was censured for disclosing inaccurate information. The Shanghai Stock Exchange said in an statement Sunday that BrightGene Bio-Medical Technology has not gained approval from China’s drug regulator to make the drug known as remdesivir, which is seen as the in the race to find a treatment for the virus that’s now sickened over 88,00...
Tags: News, China, Uncategorized, Bloomberg, World Health Organization, Wuhan, Gilead Sciences, Gilead, Shanghai Stock Exchange, AbbVie Inc, Bruce Aylward, Overnight, Onetime, COVID-19, Chinese Biotech Company Censured, Wang Zhengye


How the buzzy biotech upstart Moderna sped past Big Pharma to develop the first potential coronavirus vaccine in just 42 days

In the sprint to develop vaccines for the coronavirus outbreak, the world's largest drugmakers have been lapped by a startup biotech.  It took 42 days for Moderna to turn the genomic sequence of the virus into a vaccine candidate and ship it to US health officials.  The National Institutes of Health will now start the first human trial in a matter of weeks, focused on safety. It will require months of additional study to know if the vaccine is safe and effective in protecting people against th...
Tags: White House, China, US, Trends, Shanghai, Anthony Fauci, Nih, Wuhan, Zika, Jpmorgan, Johnson Johnson, National Institutes of Health NIH, Big Pharma, Sanofi, Fauci, Fudan University


Who Will Heal Our Sorrows?

I’m waiting for a package in the mail. It’s a batch of fancy body lotion — a gift to myself. Sure, I could use grocery store lotion or even Vaseline in a jar. (Some of you know what I mean.) But during a recent stay at a city hotel, the courtesy kit on the sink included a creamy smell-good lotion. So back at home, I ordered some, and I’m excited for it to arrive. It’s the soothing factor — isn’t that what we so desire? When life turns hard, we need comfort. Thus, the smell-good lotion is on its ...
Tags: Colorado, Inspiration, Kobe Bryant, Christ, Peter, Charles Spurgeon, J Lo, Spurgeon, Jeremiah, Jordan River, Gilead, NIV, Philpot, John Pilch, Baylor University s Center for Christian Ethics


The $95 billion biotech Gilead just announced plans to test a promising potential coronavirus treatment in 1,000 people

Gilead will test an antiviral drug called remdesivir against COVID-19, the disease caused by the spreading coronavirus outbreak.
Tags: Science, Gilead


The US is gearing up to test the first coronavirus treatments and vaccines. Here's how 6 top drugmakers are racing to tackle an outbreak that's spreading around the world.

As the coronavirus outbreak has exploded into a global public-health emergency, leading drugmakers have begun researching treatments and vaccines to stop the virus. The small biotech Moderna has leaped to the front of the race, sending a vaccine candidate to US health officials to start testing in people. Pharma giants like Johnson & Johnson and Sanofi are also in the early stages of advancing vaccine candidates. The National Institutes of Health is running a trial to test a drug from Gilead S...
Tags: California, China, Africa, US, Trends, Pennsylvania, Bill Gates, Middle East, World Health Organization, National Institutes of Health, GlaxoSmithKline, Pharma, Anthony Fauci, Nih, Wuhan, Cnbc


CDC Issues Warnings on Virus; Markets Take Hit: Virus Update

(Bloomberg) -- The U.S. Centers for Disease Control and Prevention warned Americans to prepare for a coronavirus outbreak at home that could lead to significant disruptions of daily life, though the warnings were downplayed by the White House. Congress was told that there’s shortage of masks needed for health workers if one occurs.New cases were reported in Europe, prompting worries of a widening outbreak there. Iran reported a total of 15 deaths, the most fatalities outside China, and a top hea...
Tags: Asia, South Korea, Europe, Japan, New York, Milan, London, News, Congress, Cdc, Washington, Senate, White House, China, Iraq, Spain


The Terrifying Reality of Trump’s Coronavirus Promise

As U.S. officials worked to shatter international records by sending a vaccine for the new, deadly coronavirus to phase one clinical trials, they also urged Americans to prepare for the worst.Meanwhile, experts poked new holes in the federal response so far to an illness that appeared to be on the cusp of a major national outbreak.There were 57 total confirmed cases of the 2019 novel coronavirus in the United States at last count on Tuesday morning, according to Nancy Messonnier, director of the...
Tags: South Korea, Milan, News, Washington Post, Cdc, Washington, White House, China, Boston, Rome, United States, Italy, Columbia University, State Department, Venice, Donald Trump


CDC Tells Americans to Start Readying for Outbreak: Virus Update

(Bloomberg) -- The U.S. Centers for Disease Control and Prevention warned Americans to prepare for a coronavirus outbreak at home that could lead to significant disruptions of daily life, though the warnings were downplayed by the White House. Congress was told that there’s shortage of masks needed for health workers if one occurs.New cases were reported in Europe, prompting worries of a widening outbreak there. Iran reported a total of 15 deaths, the most fatalities outside China, and a top hea...
Tags: Asia, South Korea, Europe, Japan, New York, Milan, London, News, Congress, Cdc, Washington, Senate, White House, China, Iraq, Spain