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Stock impact report

Eli Lilly CEO aims to start testing coronavirus cure 'this summer' [CNBC]

Vir Biotechnology, Inc. (VIR) 
Company Research Source: CNBC
Eli Lilly The pharmaceutical giant on Thursday announced that it has teamed up with the privately held AbCellera Biologics to co-develop a medicine for COVID-19, the disease caused by the virus that has sickened more than 137,000 people across the world and at least 1,700 in the U.S. as of Friday. "The speed at which [pharma research] is unfolding is unprecedented in our industry. Literally, AbCellera started this work 11 days ago," Ricks said in a phone interview with Jim Cramer Mad Money To begin developing a cure, AbCellera screened and isolated antibodies of the first U.S. patients to recover from the illness, Ricks explained. Eli Lilly will assist in replicating the antibodies that may respond to the virus to produce and manufacture a drug, he said. "We're partnering to find the best one, scale up production and bring it to the marketplace," he said. A potential COVID-19 treatment may require more than one medicine for the most ill patients, Ricks added. He expects that the drug, Show less Read more
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