Gilead To Donate 1.5M Doses Of Experimental Coronavirus Treatment: 'The Right Thing To Do'

Gilead Sciences, Inc. GILD is donating 1.5 million doses of remdesivir, its investigational drug for COVID-19, for compassionate use, expanded access and clinical trials, Chairman and CEO Daniel O'Day said Saturday. 

The doses are intended for patients with severe symptoms who will receive them intravenously on a daily basis in a hospital setting, the CEO said in a letter posted on Gilead's website. 

The 1.5 million doses could amount to more than 140,000 treatment courses in COVID-19 patients, depending on the duration of treatment, he said. 

The antiviral drug was first developed by Gilead as a potential treatment for the Ebola and Marburg viruses. Multiple clinical trials for the drug are underway in COVID-19 with thousands of patients worldwide participating, the company's CEO said Saturday. 

The drug is investigational and unapproved, and its safety and efficacy are not yet known, according to Gilead.

"Having a potential treatment in our hands comes with significant responsibility," O'Day said. 

"Providing our existing supplies at no charge is the right thing to do, to facilitate access to patients as quickly as possible and in recognition of the public emergency posed by this pandemic."

Benzinga is covering every angle of how the coronavirus affects the financial world. For daily updates, sign up for our coronavirus newsletter.

Gilead Sets Goal Of Producing 1M More Remdesivir Doses This Year

As of Sunday, there are 1,252,265 confirmed coronavirus cases globally and 68,147 deaths, according to Johns Hopkins University data. 238,675 people have recovered from the virus, according to the university. 

Over 1,700 patients have been treated programs where Gilead has provided remdesivir on a compassionate use basis for children and pregnant women, O'Day said. 

The company has set a goal of producing more than 500,000 remdesivir treatment courses by October and 1 million by the end of 2020.

The production of the drug requires specialized chemistry, multiple chemical reactions, scarce raw materials and sterile manufacturing capabilities, the CEO said. Gilead has managed to cut the end-to-end manufacturing timeline for remdesivir from about one year to roughly six months, he said. 

Posted In: coronavirusCovid-19BiotechHealth CareGeneral

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.