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New potential treatment against COVID-19

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
Cheap-as-chips drugs proved useful in treating severe cases of COVID-19 infections.

The beginning of the week started with good news for both the world and the pharma industry.

In a trial conducted by Oxford University, the patients were given a dose of dexamethasone steroid. The results showed that out of the 2,000 patients admitted in the hospital, for patients on ventilators, the drug reduced the death risk to 28%, while for the patients in need of oxygen – from 25% down to 20%. Without the necessity of hospital admission, 19 out of 20 patients recovered.

The drug is already used since 1960 for combating other conditions such as arthritis, various skin conditions, and asthma.

According to lead researcher Prof Peter Horby the treatment is administrated for ten days, and it costs around £5 per patient.  

On the other hand, the drug didn't show signs of efficacy when given to mild-symptoms patients.  

Prime Minister Boris Johnson applauded the breakthrough, and he considers it to be “a remarkable British scientific achievement.”

On the same day, as the study results became public, the UK government approved the drug as COVID-19 therapy. The government now has doses for treating 200,000 people. According to Johns Hopkins University, the UK is in the top three countries with the highest death rate after Brazil and the US.

After the news, UK100 closed higher by 2.3%.

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Sources: fiercepharma.com, marketwatch.com, bbc.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.