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I don't see how this would work to boost the share price? If they're lying about this data it'll kill them as a company. They're announcing that the drug worke
by vikramkr 7y ago
I don't see how this would work to boost the share price? If they're lying about this data it'll kill them as a company.
They're announcing that the drug worked in the trial that most people have been playing close attention to. That is a randomized controlled trial run by the NIH etc. They're not just saying positive results, they say in their press release that "We understand that the trial has met its primary endpoint and that NIAID will provide detailed information at an upcoming briefing" [0]. That's a clear statistical indication that the drug works. If they're lying about that, it'll kill their credibility and tank their stock.
[0] https://www.gilead.com/news-and-press/press-room/press-releases/2020/4/gilead-sciences-statement-on-positive-data-emerging-from-national-institute-of-allergy-and-infectious-diseases-study-of-investigational-antiviral-rem https://www.gilead.com/news-and-press/press-room/press-relea...
- celticninja 7y agobecause it isn't the company that wants the share price boosted, if you bought into Gilead a few weeks ago when this drug was first announced then boosting the share price helps the shareholders who aren't in it for the long run