Pharma Giant Pfizer Teams With Gilead To Boost Production Of Covid-19 Drug Remdesivir

Pharma Giant Pfizer Teams With Gilead To Boost Production Of Covid-19 Drug Remdesivir

TOPLINE

While nations pursue a Covid-19 vaccine to halt the spread of coronavirus, pharma giant Pfizer Inc. said Friday it has entered into a multi-year agreement with Gilead Sciences, Inc. to manufacture and supply Gilead's remdesivir, a treatment that has shown promise in combating the deadly virus.

A woman wearing a mask walks by Gilead Sciences headquarters sign in Foster City, California on ... [+] April 30, 2020. (Photo by Josh Edelson / AFP) (Photo by JOSH EDELSON/AFP via Getty Images)



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KEY FACTS





Pfizer, which is working with German-based pharmaceutical company BioNTech on a potential Covid-19 vaccine, said in a news release the Pfizer deal is part of a broader effort to scale up supply