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Pfizer and Gilead join forces

Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
A COVID-19 vaccine is in the works

After a busy second quarter, as it is developing a COVID-19 vaccine, Pfizer doesn’t seem to slow down. The company just signed a multiyear agreement to produce and deliver Gilead’s Remdesivir. 

The deal is part of Pfizer’s five-point plant launched in March, by which pharmaceutical companies are to work together to provide a COVID-19 treatment. 

Under the deal, Pfizer will provide manufacturing and supply services at its McPherson facility for Gilead. Being one of the largest drug-makers globally, Pfizer is expected to facilitate the production of Remdesivir and put it quickly on the market. 

Albert Bourla, Chairman and CEO at Pfizer, stated that "we are pleased that Gilead is using our manufacturing capacity to help facilitate the supply of this medicine to patients as quickly as possible."

Currently, Remdesivir is one of the front-running treatments, as clinical trials showed a 62% decrease in mortality rates when administrated. Now, the drug is available only for treating severe cases of COVID-19 infection.

On Monday, Gilead Sciences applied for approval from the FDA (Food and Drug Administration) for Remdesivir.

During pre-market trading, Gilead stock price added 0.35%, while Pfizer gained 0.21%.

See how Pfizer performed in Q2 here! Don’t forget to check-out our Corona Blend!


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.