Connect with us

Business

Trump Wants To Fast Track COVID-19 Treatment

Published

on

COVID-19 Treatment

President Donald Trump wants to make sure that a COVID-19 treatment is available ASAP. If there's something available before the elections, he wants them available. On separate occasions last week, the President signaled that the fight against COVID-19 is winnable. And more important, that the answers might come sooner than later. 

RELATED: Moderna Coronavirus Vaccine Trial Proclaims Success

Trump: “Focus on speed and saving lives!”

On Saturday, Trump fired shots at the Food and Drug Administration over the slow pace of approvals. He tweeted: “The deep state, or whoever, over at the FDA is making it very difficult for drug companies to get people in order to test the vaccines and therapeutics.” Obviously, they are hoping to delay the answer until after November 3rd. Must focus on speed, and saving lives!” 

In response, the FDA gave an emergency use authorization (EUA) for a COVID-19 treatment the next day. This involved the use of plasma taken from patients who recovered from COVID-19. While promising, the FDA still maintains that the treatment only benefits some patients. The agency advised that the public should not look at plasma “as a new standard of care for the treatment.” The EUA will broaden the use of a treatment already used in more than 70,000 patients. Unlike drugs, plasma is not manufactured but depends on blood donations. This may present difficulty in getting the needed amount to help.

President begged to differ from the FDA. He said that the approval marked “a breakthrough” in the treatment of the coronavirus. Trump noted the approval came “by marshaling the full power of the federal government.” The treatment, he said, is welcome news in the fight against coronavirus. 

By August, COVID-19 has infected more than 5 million Americans and has caused the deaths of 176,000 more. At present, the United States holds about 25% of all coronavirus cases in the world.

“A Major Advance in Treatment”

US Health and Human Services Secretary Alex Azar said studies justified the EUA. During a White House briefing, Azar discussed a previous study with 70,000 volunteers. He said that “The data we gathered suggests that patients who were treated early in their disease course, within three days of being diagnosed, with plasma containing high levels of antibodies, benefited the most from treatment. We saw about a 35% better survival in the patients who benefited most from the treatment.” He added: “We dream in drug development of something like a 35% mortality reduction. This is a major advance in the treatment of patients. A major advance.” 

Potential Fast Track for the Covid-19 Vaccine

Meanwhile, the President is also looking at fast-tracking a potential coronavirus vaccine. The Financial Times reported that the White House is looking at a EUA for a British vaccine. The vaccine under consideration is co-developed by AstraZeneca and Oxford University. It is now undergoing large scale Phase II/III trials, including 30,000 Americans. Using a regular timetable, AstraZeneca expects results until the end of the year. If the EUA happens, this can make a vaccine ready for Americans before the November elections. 

The market was quick to pick up on the information. Stock prices of AstraZeneca (AZN), rose more than 2% on Monday. A company spokesperson denied there are ongoing talks with the federal government. He said, “it would be premature to speculate.” 

Even without the EUA, the US will be among the first countries to receive an approved vaccine. The federal government gave over $1 billion to help fund AstraZeneca’s efforts. In return, the US will receive 300 doses of the vaccine as soon as it becomes available.

Not Just A Vaccine, But Maybe a Cure

Vaccines may be in the spotlight, but other Covid-19 treatments are under consideration. With millions infected at present, developing a cure can help turn the tide against Covid-19.  

AstraZeneca also started testing its new antibody-based drug to prevent and treat Covid-19. This is a separate effort from its vaccine development program as mentioned above. If the tests show that the drug AZD7442 is safe, they will proceed to a larger trial phase. The company will test if it works both as a medicine to cure Covid-19 and as a preventative treatment.

Watch this as the U.S. FDA authorizes blood plasma for COVID-19 treatment:

Do you approve of the government’s fast track initiatives to get a treatment and maybe a vaccine in the hands of Americans, despite the accusations of making it political?

Please Select One:

View Results

Loading ... Loading ...

Are you in favor of the fast track efforts of the President, notwithstanding whatever reasons are behind it?  Let us know what you think by sharing your thoughts on the comment section below.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © 2023 The Capitalist. his copyrighted material may not be republished without express permission. The information presented here is for general educational purposes only. MATERIAL CONNECTION DISCLOSURE: You should assume that this website has an affiliate relationship and/or another material connection to the persons or businesses mentioned in or linked to from this page and may receive commissions from purchases you make on subsequent web sites. You should not rely solely on information contained in this email to evaluate the product or service being endorsed. Always exercise due diligence before purchasing any product or service. This website contains advertisements.

Is THE newsletter for…

INVESTORS TRADERS OWNERS

Stay up-to-date with the latest kick-ass interviews, podcasts, and more as we cover a wide range of topics, in the world of finance and technology. Don't miss out on our exclusive content featuring expert opinions and market insights delivered to your inbox 100% FREE!

SUBSCRIBE TODAY AND GET A FREE GIFT

Get ready to stay up-to-date with the latest business and market news from around the world!

The Capitalist is here to provide you with insightful data, analysis, and even videos to keep you informed.