All fake news both sides, why cancel a trial 3 days before it's end, made no sense. Until its rolled out and deaths drop 60%+ ignore.
It doesn't matter if its fake or not. Millions have been made on penny stocks that had a P.O.box as an address and not one single dime in revenue, yet their stocks went through the roof. Think about that for a second. This is the biggest of all with unlimited news and money as a backstop, what the promoters never had. Im not saying you cant make money shorting either, just saying they've made it close to impossible to get rewarded.
Hate GILD hype. Had to take a loss since the news this morning. Probably made the mistake of jumping in right after the halt.
CNBC interview mentioned that some components of GILD drug process are in China. Without an agreement between Trump and Xi, we shall have no miracle cure drug at all.
The market is not worried about a drug. It will chug higher with or without it. The market was worried about one thing and one thing only. What will the backstop be and when is it coming.
The trial that showed no effect was one done by China and sent to WHO for publication. This positive is a NIH (NIAID) run phase 3 trial. A lot more credible.
Those who are in the know, studied remdesivir medical publications will tell you there were tons of anecdotal evidences that it should work. In fact the China study was the only negative outcome and published by WHO.