Yeah it sounds like a winner EagleIt hit me right square in the face bro.............You are correct. Now we know what stock to buy.And shit...........here we go again.
Coronavirus Treatment Developed by Gilead Sciences Granted “Rare Disease” Status, Potentially Limiting Affordability
A promising coronavirus treatment developed by Gilead Sciences, remdesivir, has received lucrative “orphan” drug status.theintercept.com
ON MONDAY AFTERNOON, the Food and Drug Administration granted Gilead Sciences “orphan” drug status for its antiviral drug, remdesivir. The designation allows the pharmaceutical company to profit exclusively for seven years from the product, which is one of dozens being tested as a possible treatment for Covid-19, the disease caused by the new coronavirus.
The distinction could severely limit supply of remdesivir by granting Gilead Sciences exclusive protection over the drug and complete control of its price. Other pharmaceutical firms, including India-based pharmaceutical firm Cipla, are reportedly working toward a generic form of remdesivir, but patients in the U.S. could be prevented from buying generics with lower prices now that Gilead Sciences’s drug has been designated an orphan.
Looks like they were forced to stop that ........Amazing.
Update: March 28, 2020
Gilead Sciences announced on March 25 that it had submitted a request to the Food and Drug Administration to rescind the exclusive marketing rights it had secured for remdesivir.
You're getting warmer Eagle.....
~S~
a nobel award wining Dr Otto Warburg would appreciate the nod here
~S~