https://news.trust.org/item/20200423162137-vgafb
Sorry if posted. Unreal. Market went up 800 points after hours last week on rumor that Gilead drug Remdesivir had successful results in trial. Turns out it didn’t and whomever started that rumor probably did it to pump and dump, likely knowing the opposite. Company statement the next day said they couldn’t comment until results were reviewed, but that they looked forward to sharing them. Seemed a wink and nod that they were positive.
Should be a thorough investigation into the source of that false rumor, and aggressive prosecution.
Overall bad news as just yesterday it was being reported this drug was the most promising candidate for a scalable treatment.