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July 3, 2020, 9:46 a.m. EDT

Gilead granted conditional approval for Covid-19 treatment remdesivir in Europe

Gilead Sciences, Inc. (NAS:GILD) on Friday said the European Commission has granted conditional marketing authorization for remdesivir, also known as veklury, as a treatment for Covid-19. The authorization was based on a rolling review of supporting data that began in April 2020. Remdesivir is used to treat Covid-19 in adults and adolescents aged 12 years and older and weighing at least 40 kg, with pneumonia requiring supplemental oxygen. A European conditional marketing authorization is initially valid for one year but can be extended or turned into unlimited marketing authorization after the submission and assessment of additional confirmatory data.

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