New and repurposed drugs are undergoing trials in a race to become the vaccine that saves us
Dozens of biotech and healthcare companies have entered the race to produce a successful treatment or cure for COVID-19 since March, when the pandemic swept through North America. Some of the entrants are blue-chip names such as Johnson & Johnson and Merck & Co Inc., while others are smaller competitors trading on the TSX Venture Exchange.
“If they demonstrate Phase Two success and move rapidly to Phase Three, this becomes a $140 stock,” he said. “Trust me, this stock is going to rip.”Regeneron is working on two distinct treatments for COVID-19, according to Morningstar analyst Karen Anderson. One is an attempt to repurpose Kevzara, a drug it made in partnership with Sanofi SA to treat arthritis.
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