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Gilead drops 11% after lung cancer drug trial fails, analyst says stock is overreacting
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Gilead drops 11% after lung cancer drug trial fails, analysts say stock is overreacting By Investing com
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Pfizer and its rivals, including US-based Merck & Co Inc and Swiss pharmaceutical Roche Holding AG, are racing to produce the first antiviral pill that people could take at early signs of the illness. Reuters
In early 2020, as a new deadly coronavirus began spreading around the world, Pfizer Inc assembled what it called a SWAT team of scientists and chemists to identify a potential treatment to fight Covid-19.
The US pharmaceutical giant, which had begun exploring a vaccine, also wanted to produce a pill that could stop the infection from progressing, similar to how the widely-used Tamiflu drug fights influenza. The team scoured Pfizers library of molecules looking for unused compounds to help jumpstart the process and quickly identified a promising candidate.
Inside the race to find a Covid-19 treatment pill
By Reuters
By Deena Beasley
LOS ANGELES - In early 2020, as a new deadly coronavirus began spreading around the world, Pfizer Inc assembled what it called a “SWAT team” of scientists and chemists to identify a potential treatment to fight Covid-19.
The US pharmaceutical giant, which had begun exploring a vaccine, also wanted to produce a pill that could stop the infection from progressing, similar to how the widely-used Tamiflu drug fights influenza. The team scoured Pfizer’s library of molecules looking for unused compounds to help jumpstart the process, and quickly identified a promising candidate.
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