Coronavirus: FDA grants emergency use authorization to experimental drug remdesivir being tested at Emory University

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Update: 4:11 p.m. EDT May 1: The Food and Drug Administration approved the emergency use authorization for the drug remdesivir to treat the coronavirus, CNBC reported.

The emergency-use authorization is a lower standard used for the approval process when benefits could outweigh the risks.

“We want to thank the collaborators that brought remdesivir to this point and many of our people that have been part of this, in fact, the caregivers,” drugmaker Gilead CEO Daniel O’Day said Friday during a press conference with President Donald Trump.

Original report: The nation's top infectious disease doctor is optimistic about a potential treatment being led by researchers at Emory University Hospital.

The National Institutes of Health released the findings Wednesday afternoon.

"The data shows that remdesivir has a clear-cut, significant, positive effect in diminishing the time to recovery," said Dr. Anthony Fauci, with the National Institute of Allergy and Infectious Diseases.

Last month, WSB-TV reported that Emory was testing the drug remdesivir an experimental drug that until now, was primarily used to treat Ebola patients.

Emory was the lead on the clinical trial and had the most participants in the study that includes more than 1,000 people across the world.

“This is an important development,” said Dr. Aneesh Mehta, Emory University Hospital’s chief of infectious disease services.

Doctors say the drug works by blocking the virus' ability to make more of itself and build within the body.

Researchers say this treatment is not a vaccine and should not be considered a silver bullet.

“Remdesivir is the first therapeutic, the first medication to show a positive effect with patients with COVID-19,” Mehta said.

Early data from the clinical trial is showing that people taking the drug spent 11 days in a hospital compared to 15 days for people not taking the drug.

"It may decrease the overall mortality of patients of COVID-19, but again, we need far more data to make any of those judgments become more concrete. We will get that data in the coming weeks," Mehta said.

Every patient who is part of the trial has been hospitalized and is showing moderate to severe symptoms of coronavirus.

The lead investigator says now the drug's potential impact could save lives.

“That helps us shorten the amount of time the patient needs to be in the hospital, and getting medical care, and decreases the chance of developing complications from their COVID-19 infection," Mehta said.

There is cautious optimism about this data and doctors say they need more complete information within the next few weeks.

Mehta said even though this isn't a vaccine, the drug is a major step forward in the fight against the coronavirus pandemic.

"It is one additional tool to help us get our patients better and get them home to their families quicker," Mehta said.

There’s no timeline on when the U.S. Food and Drug Administration will approve the drug for use.

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