Gilead CEO: We're studying new ways to treat coronavirus with remdesivir outside of the hospital

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Gilead CEO: We're studying new ways to treat coronavirus with remdesivir outside of the hospital
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'We want to follow the science here. We don't to get ahead of it,' Gilead Sciences CEO Daniel O'Day told CNBC on Monday.

"If one could do it without an IV, right to the site of where you get this replication of the virus in the lungs, we're also hopeful that you might be able to treat outside the hospital and prevent patients from ever going to the hospital," said O'Day, who became Gilead CEO inAs for the regulatory approval of these potential uses, O'Day said giving people remdesivir through an IV in an outpatient setting such as a nursing home is "probably a shorter timeline.

"The inhaled version, remember, we're moving at light speed in the industry. In fact, from when this virus first showed its head in January, in three months time, we had the first of our gold standard trials," he said. "With a new formulation of a medicine, it does take a little bit longer. So we're in the early stages of testing for [inhaled use]."

Gilead will try to accelerate emergency approvals if possible, he added, but suggested it is likely a 2021 event for more data being available on the efficacy of remdesivir when taken in inhaled form. "Depending on the results we see over the coming months, with this early stage testing, we may be moving this into later-stage trials toward the end of this year, early next year," he said. "We'll just have to see. We want to follow the science here. We don't to get ahead of it."

There are no FDA-approved drugs to treat the coronavirus. In addition to searching for treatments to lessen the severity of the illness, companies and governments around the world also areMore than 29 million people have been infected by the coronavirus worldwide and at least 924,814 people have died,

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