Early data on Gilead coronavirus medicine remdesivir is very encouraging -

ironchef · Apr 16, 2020

S2007S said:
Finally.....

So now a drug was created in 1 month to find a cure for a covid 19 yet we have been pouring in trillions of dollars into research to find cures for cancer for decades and decades and decades and decades and cancer isn't even 100% curable. Add that to the list of billions of dollars into research for other diseases and illnesses out there.

Amazing how quick they found a cure.

S&P 500 ETF jumps 2% after hours on report Gilead drug showing effectiveness treating coronavirus
PUBLISHED THU, APR 16 20205:13 PM EDT

To be fair, remdesivir has been in development for over 10 years, first on Ebola, then tried on SARS, MERS and now COVID-19.

Pekelo · Apr 16, 2020

Girija said:
It is a drug that failed on Ebola which seemingly works on covid

Quercetin works on both. With a little help from its friend, Zinc.

ironchef · Apr 16, 2020

xandman said:
Not a game changer.

Remdisvir was the first drug being touted in Asia since Feb. It just took this long for Phase 3 to finish.

Unless you own lots of GILD call options.

maxinger · Apr 16, 2020

Soon many countries including China will say something similar.
Then stock price will go up tremendously.

ensemble · Apr 16, 2020

maxinger said:
Soon many countries including China will say something similar.
Then stock price will go up tremendously.

China has been manufacturing and using an unlicensed generic of GILD’s drug for months:
https://www.fiercepharma.com/pharma...r-most-promising-drug-against-new-coronavirus

1957may10 · Apr 16, 2020

ensemble said:
China has been manufacturing and using an unlicensed generic of GILD’s drug for months:
https://www.fiercepharma.com/pharma...r-most-promising-drug-against-new-coronavirus

What is your point?

schizo · Apr 16, 2020

BUT DOESN'T IT SEEM A BIT FISHY? :sneaky:

How the vaccine lines up so perfectly with Trump's plan to reopen the economy?

_____________________________

Trump predicted there are 29 states that can begin the opening soon and several that could start the process right away

“I think you’re going to have some nice surprises over the next few days,” Trump said. “And I think it’ll be much faster than people think.”

https://www.washingtonpost.com/poli...3edd38-8022-11ea-8013-1b6da0e4a2b7_story.html

maxinger · Apr 16, 2020

better take such news with a pinch of salt.
or listen to such news with eyes and mind closed tightly.

But focus on our charts with very big eyes and very clear mind.

TRUST THE CHARTS.
DISTRUST THE NEWS.

_____________

S2007S · Apr 16, 2020

maxinger said:
better take such news with a pinch of salt.
or listen to such news with eyes and mind closed tightly.

But focus on our charts with very big eyes and very clear mind.

Agree. From what I read its only a treatment and not a vaccine. Wallstreet in rally mode over something that has been tested as scalable as i think many would have hoped.

xandman · Apr 17, 2020

Some useful facts for your Corona Models. You know you got one running next to your holy grail trading model.

https://www.theatlantic.com/technol...reak-out-control-test-positivity-rate/610132/

The main message is that our number of cases have peaked only because we have hit our testing capacity ceiling.

Sample calc: 350 mill Americans x .20 positivity = 70 million cases (Mostly asymptomatic)

Here is where you can get the positivity rate (Positive/total tested) in your state.

https://www.theatlantic.com/health/...-coronavirus-covid-each-state-america/608413/

Even if you think it's "just the flu", stay away from the elderly.