36.6 F
New York
Wednesday, January 27, 2021

Gilead Sciences [NASDAQ: GILD] To Start Testing Of Inhalable Version Of Remdesivir For COVID-19

Must read

Humanigen [NASDAQ: HGEN] Announces Expansion Of Manufacturing Agreement With Ajinomoto Bio-Pharma

Humanigen Inc revealed that the company has extended the manufacturing agreement with  Ajinomoto BioPharma to support the fill-finish of Lenzilumab. The Lenzilumab is...

Synchrony [NYSE: SYF] Announced To Purchase Allegro Credit

Synchrony Financials revealed that the company entered into a definitive contract to Purchase Allegro Credit. Allegro Credit's customer base and merchant network will...

Vericel Corp [NASDAQ: VCEL] Names Joe Mara As The New CFO

Vericel Corporation revealed that the company has named Joe Mara as the CFO of the company. He has over more than 20 years...

A Paychex [NASDAQ: PAYX] Subsidiary Announces Strategic Collaboration With Zoho Books

SurePayroll, a subsidiary of Paychex company revealed that the company has formed a collaboration with Zoho books. SurePAyroll is a provider of small...

Gilead Sciences, Inc. [NASDAQ: GILD] has started the human testing of the inhaled version of coronavirus drug remdesivir. The company aimed to make the treatment possible which not involve hospitalization.

FDA has given an emergency authorization to Gilead Sciences, Inc. for the use of investigational drug remdesivir for the treatment of COVID-19 in May. According to the company, the testing for the inhaled version of remdesivir will enroll 60 healthy Americans between the age of 18 and 45. Gilead Sciences will test the drug only on those patients who have the disease but not progressed to the point where they need hospitalization.

Remdesivir is the antiviral drug that is being studied in multiple phases. In the current health emergency, the approval for this drug varied in countries. In the countries, where remdesivir is not approved by the authorities it is used as an investigational drug and its efficacy and safety have not been confirmed yet.

Shares of Gilead, Sciences, Inc. [GILD] plummeted 1.06% in the trading on Wednesday after it announced the phase 1a testing of the inhaled version of remdesivir. This company had a trading volume of 6.2 million as compared to the average volume of 16.44 million.

Gilead Sciences, Inc. has a Gross Margin of 79.40%, a Profit Margin of 21.80%, and an Operating Margin of 19.60%. GILD’s return on assets, equity and investment is 8.10%, 22.60%, and 9.50%, respectively.

More articles

Latest article

MGP Ingredients [NASDAQ: MGPI] Announced To Acquire Luxco and Its Affiliate Companies

MGP Ingredients  revealed a definitive contract to purchase Luxco, Inc and its affiliated companies. Luxco is an alcohol beverage company with more than 60...

Conformis [NASDAQ: CFMS] Entered A Non-Exclusive agreement with SITES Medical

Conformis Inc revealed that the company inked a development and supply contract with sites medical. Both of the companies will work together to...

Colliers International [NASDAQ: CIGI] Announces Executive Leadership Changes For Australian Business

Colliers International  reported that the company has named Malcom Tyson as the new Chief Executive Officer. He is appointed as the CEO so...

Korn Ferry [NYSE: KFY] Announces Expansion Of Its Footprint In Russian Market

Korn Fery revealed that the company is expanding its footprint in Russia. Moreover, it is adding a high expertise team of executive search...

Haemonetics [NYSE: HAE] To Purchase Cardiva For An Upfront Payment Of $475M

Haemonetics Corporation revealed that the company has inked a definitive contract to purchase Cardiva Medical Inc. Under the contract, Haemontics will pay an...

Philips [NYSE: PHG] To Purchase Capsule Technologies For Cash Consideration Of USD 635M

Koninklijke Philip revealed that the company has inked a contract to purchase Capsule technologies. The company will pay a cash price of $636...

Thermo Fisher Scientific [NYSE: TMO] To Purchase Mesa Biotech For Approx. $450M In Cash

Thermo fisher scientific inc revealed that the company has signed a definitive contract to purchase Mesa Biotech. Thermo will pay a value price...

Shutterstock [NYSE: SSTK] To Extend Its Agreement With EPA

Shutterstock reported that the company renewed its exclusive contract with the European Pressphoto Agency. The extended contract is to distribute the visual content...