Following are excerpts from CNBC interviews with Gilead Sciences, Inc. (NASDAQ: GILD) Chairman & & CEO Daniel ODay and Novavax, Inc. (NASDAQ: NVAX) President & & CEO Stanley Erck on CNBCs “Squawk on the Street” (M-F 9AM– 11AM ET) today, Monday, January 10th. Following is a link to video on CNBC.com:
Excerpts from Gilead Sciences Chairman & & CEO Daniel ODay interview:
ODay On Impact Of Remdesivir
DANIEL ODAY: Remdesivir has actually really been, has had a major effect upon this pandemic over the course of the past now close to two years. It is the standard of care in the medical facility setting and in truth, three out of five clients that are administered to the health center are receiving Remdesivir and thats making a big distinction for patients. Its getting clients out of the healthcare facility quicker, 5 to 7 days sooner, and stopping them from going on to more severe repercussions of the illness. You know, this is truly a significant effect especially this time when hospitals are under such stress. And importantly, its working throughout all known variants today, including Omicron and thanks to the investment we made, we have you know, adequate supply. And you understand, you also mentioned now the, the brand-new data that came out and was simply released in the New England Journal of Medicine in December actually right before Christmas, where a brief course of Remdesivir treatment given up the outpatient setting is close to 90% reliable at stopping clients from entering into the medical facility setting.
ODay On Working On Oral Form Of Remdesivir
ODAY: Were likewise working on an oral form of Remdesivir. Its entering into early-stage trials now and what we understand for sure after 30 years of experience in HIV, is that were going to require a great deal of different systems to be able to attack this infection both in the medical facility and outpatient, and Gilead perseveres and devoted to making certain those therapies appear.
MEG TIRRELL: And when you state oral, is that the inhaled variation of Remdesivir or are we talking a tablet that you swallow?
ODAY: Were talking a tablet that you swallow. So what weve decided is that, offered the reality that our tablet that you swallow was at about the exact same stage as the inhaled version, were putting all of our resources into the oral variation.
ODay On Cancer Drug Trodelvy
ODAY: This is, this is an actually crucial point in time for Gilead since not just are we the leading business in anti-virals, but were developing to a business that now has a leading portfolio in anti-cancer medications, of which in 2015 alone we had 5 new FDA approvals, four of which were in cancer. Among which you mentioned TRODELVY which is a medicine that brings an anti-cancer killing agent directly to the cancer cells. And weve seen in fact in late-stage breast cancer, difficult to treat late-stage breast cancer, already its authorized and been utilized in, in females with this disease and more than doubling their survival. So this is a medication TRODELVY that has the possible to be used across various cancer types.
Excerpts from Novavax President & & CEO Stanley Erck interview:
Erck On Novavax Omicron Specific Vaccine
TIRRELL: How are you taking a look at whether you need to switch to that Omicron particular stress and when that might require to occur?
STANLEY ERCK: No, its an excellent concern. Its going to be a difficult call due to the fact that our really, our 2373 vaccine works, works well versus Omicron and it has very broad protects, thats one of the trademarks of our vaccine is we get, we get security and weve been able to show it in our Phase 3 clinical trials that we get protection against versions and we get a very powerful immune reaction versus Omicron.
Erck On Vaccine Capacity To Supply
ERCK: I think were in a place where we submitted. Weve got capability and weve got international capability to provide the US and so I do not I dont understand that its, its productive to talk about whether someone could have done something better or not in the previous year so.
Erck On Vaccine Results For Pediatric Population
ERCK: Well, I think youll see the outcomes for kids in the next 30 days approximately. And so, I think that the whole time with weve when, when the experts have compared our vaccine information, our safety data to other vaccines, we will constantly triumph on tolerability. Therefore thats good and I think parents will, will see that thats a positive aspect of a vaccine.
TIRRELL: You say next 30 days, which age groups is that?
ERCK: 12 to 17.
TIRRELL: I see and even more youthful kids, you–.
ERCK: And we will start based upon those data. We will start to trial and well decrease to 5 to 12. So well be stepping down throughout the next 6 months.
Erck On Combination Of Flu And Covid Vaccine Pivotal Studies.
ERCK: Well, were gon na get data and the data are coming by the end of this quarter and based upon those data, well still have the pathway to start a Phase 2 trial that will lead to essential studies. And so weve got a year or two prior to the vaccine might enter into a pivotal research study.
Updated on Jan 10, 2022, 1:21 pm.
STANLEY ERCK: No, its an excellent question. Its going to be a difficult call because our really, our 2373 vaccine works, works well against Omicron and it has extremely broad secures, thats one of the hallmarks of our vaccine is we get, we get defense and weve been able to reveal it in our Phase 3 scientific trials that we get protection versus variations and we get a really potent immune response versus Omicron. ERCK: Well, I think youll see the results for kids in the next 30 days or so. And so, I believe that all along with weve when, when the experts have actually compared our vaccine information, our security data to other vaccines, we will constantly come out on top on tolerability. ERCK: And we will start based upon those data.
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