FDA Moving at ‘Lightning Speed’ on Gilead Drug, Commissioner Says
(Bloomberg) --
The Food and Drug Administration is moving at “lightning speed” to review data on Gilead Sciences Inc.'s experimental Covid-19 treatment remdesivir, Commissioner Stephen Hahn said, after encouraging results emerged from a key U.S. trial.
“We're working with the company to emphasize the necessity of speed while at the same time to understand the data,” Hahn said in an interview. “There will be a lot of factors that go into all the regulatory decisions. We want to look at the totality of data to make sure that remdesivir is targeted to the right patients.”
Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, shared early trial results Wednesday that showed remdesivir had a significant effect in treating the virus. Patients who received the drug recovered from their illness in 11 days, on average, while those who got a placebo recovered in 15 days, Fauci said.
Fauci told NBC's Today Show on Thursday that a decision on emergency authorization for remdesivir is going to happen “really quickly.” Fauci said he spoke with Hahn Wednesday night and that the FDA hasn't made a final determination, though he expects one soon.
Hahn declined to offer a timeline for allowing remdesivir to reach the market and said the agency has “several different pathways” through which it could allow access. In addition to emergency authorization, the FDA can speedily approve a medication and then ask for more study while it's being used by patients.
Shares of Gilead gained 1.7% to $84.59 at 10:27 a.m. in New York.
The FDA has only issued one emergency authorization for a drug to be used against Covid-19. Last month, the agency allowed for use of the malaria drugs hydroxychloroquine and chloroquine in hospitalized patients. Since then, some analyses have shown the pills don't help and may harm Covid-19 patients. The FDA issued a warning about heart risks associated with those drugs last week.
Hahn said he's still comfortable with the emergency authorization for hydroxychloroquine and chloroquine and is awaiting data from clinical trials. The decision “was based upon the published data and science available,” he said. “Just as in everything we've done in this pandemic, we'll be flexible and we'll adapt as data becomes available.”
The FDA has also aimed to be flexible on serology tests that tell people whether they have positive antibodies for the novel coronavirus. The agency has allowed the tests to come to market without its approval, though eight have gained emergency authorization. The National Institutes of Health's National Cancer Institute is working to ensure the rest work properly and the FDA is reviewing that data as it comes in.
Given that some serology tests may not work as they claim and that some companies that make them haven't handed over tests for government researchers to evaluate, FDA could consider revising its policy, he said.
©2020 Bloomberg L.P.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.