To be fair, remdesivir has been in development for over 10 years, first on Ebola, then tried on SARS, MERS and now COVID-19.
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
BUT DOESN'T IT SEEM A BIT FISHY? 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
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. _____________
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.
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.