In this Fool Live video, Healthcare and Cannabis Bureau Chief Corinne Cardina and longtime Motley Fool contributor Brian Orelli discuss the drugs that President Donald Trump received to treat his case of COVID-19. They discuss the difference between an emergency use authorization from the Food and Drug Administration and a full approval. They also get into whether it’s worth investing in companies making COVID-19 treatments considering that data from late-stage clinical trials testing coronavirus vaccines are imminent.
Corinne Cardina: For anyone who has been living under a rock, on Friday, last Friday, President Trump announced that he and the First Lady have confirmed cases of COVID-19. Later that day, he was admitted to the Walter Reed Medical Center. His doctor said he received an eight gram dose of Regeneron‘s (NASDAQ:REGN) experimental antibody cocktail. He also received remdesivir, Gilead Sciences‘ (NASDAQ:GILD) antiviral treatment and a common steroid treatment called dexamethasone.
The President has since left the hospital. He tweeted a video crediting Regeneron’s experimental treatment with his recovery. Of course, all this excitement has bled over into the stock market. Regeneron’s stock is up seven percent since Friday, Oct. 2, continuing a nice if volatile streak since the pandemic began. It’s actually up a little more than 60% since Jan. 1.
All that is to say that it’s a great time to take a fresh look at all the stocks involved in the COVID-19 treatment field. Today, we’re going to dive into some of the stocks investors might have their eye on. Brian, let’s start with a question that I think a lot of us have as we toggle back and forth between news on treatments and news about the development of a vaccine. Will the need for these COVID-19 treatments decrease substantially once a safe and efficacious vaccine is