Jim Cramer: Don't Buy Gilead on Remdesivir News

Katherine Ross

Gilead released some positive news about remdesivir early Wednesday morning. 

The drugmaker was briefly halted in premarket trading and then released that remdesivir--its experimental drug--met a government study primary endpoint.

Remdesivir is being tested in multiple clinical trials and it is being used to treat severely ill COVID-19 patients who have been hospitalized.

The study is being conducted by the National Institute of Allergy and Infectious Diseases.

Remdesivir has been getting a slew of headlines--both good and bad--in the past couple of weeks.

Stat News reported positive findings based on a leaked video from a trial in Chicago on April 16 and then the World Health Organization accidentally posted a study on remdesivir from China, which reportedly showed that the drug wasn't helping to speed up the recovery of patients with COVID-19. Gilead had said, however, that the data noted a "potential benefit."

Watch the full video above for Cramer's full take.

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Comments (2)
No. 1-2
DanT.Chandler
DanT.Chandler

Cramer has been conservative, and giving good advice, and genuinely concerned for those whom he advises, and not leading people astray for the love of money.

But, suddenly, he sounds to me like THE WHO, and screaming lies to DESTROY THE ECONOMY, and to DESTROY President Donald Trump, and to bring the devil's NEW WORLD ORDER, and how will THE CHINESE win THE TRADE WAR, unless CRAMER will help them DESTROY THE AMERICAN ECONOMY, and that CRAMER and THE WHO comes LYING about test results, trying to throw cold water on a MIRACLE from God.

Sing325
Sing325

There is a Chinese study that showed remdesivir kills people?? I think Cramer is confusing it with the malaria drug.


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