Gilead (GILD) stock price is rising slightly after the Japanese government indicated that it could grant approval to its remdesivir drug to be used in the fight with COVID-19.
Fujifilm (FUJIY) shares closed with a 0.95% rise yesterday after the company confirmed it will send its favipiravir coronavirus drug to over 40 countries for trials.
As Moderna’s CEO Stephane Bancel said, COVID-19 vaccine mRNA-1273 could be first available to a select group of healthcare workers, under emergency use authorization. MRNA stock is up in the premarket.
Avigan, also known as Favipiravir, is a Japanese flu drug developed by the healthcare arm of Fujifilm. 340 patients taking the drug found it reduces recovery time and improves their lung condition.
Dow drops 280 points, stocks down thanks to coronavirus panic in the U.S. investors pour cash into treasuries and gold. Market analysts predict corporate and personal income fall in the next months. Favipiravir needs tests to cure coronavirus.
Favipiravir has become one of the drugs that the Chinese authorities approved for treating the new COVID-19 strain of the coronavirus.