Rakovina Therapeutics Inc. (TSXV: RKV)
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“We will be invoking the Defense Production Act,” to marshal the private sector in response to the coronavirus pandemic, President Trump said at the White House’s coronavirus media briefing.
He adds that FEMA is activated in every region.
The U.S. Navy will be sending two hospital ships, one to New York City and the other to a West Coast location, he said.
Announces further steps to expand testing capacity and the government is checking to see if a self-swab test is effective.
Gilead’s (NASDAQ:GILD) treatment for coronavirus “could be approved for Covid-19 very soon,” a Piper Sandler analyst says.
“We now believe the remdesivir clinical trial results are likely to be positive,” analyst Tyler Van Buren says of GILD’s experimental medicine.
“If successful, it could be approved for broad use in the coming months considering it’s safe, the bar for efficacy in the context of the ongoing global pandemic is low.”
GILD +9.4% today.
Ultra-thinly traded nano cap Entasis Therapeutics Holdings (ETTX +180.6%) rockets north on a 6x surge in volume, albeit on modest turnover of 72K shares, apparently being swept up in the market’s frenzied buying of anything related to COVID-19 treatments or vaccines.
The company has not announced any specific coronavirus programs. It has four candidates in its pipeline, all antibacterials.
Ultra-thinly traded Centogene (CNTG +34.8%) is up on more than a 5x surge in volume, a modest 110K shares, in reaction to its announcement that it will commence testing for Covid-19, initially for the Mecklenburg-Western Pomerania region of Germany, then expanding thereafter.
Citing the need for enough time to clean and sanitize stores and restock shelves during the coronavirus outbreak, Walgreens (WBA +4.8%) will reduce in-store operating hours to 9 am – 9 pm during weekdays and over weekends until further notice (weekend pharmacy hours will remain largely unchanged).
24-hour drive-thru service at offering stores will remain open as usual.
