Gilead is ramping up production of remdesivir. Photo: Josh Edelson/AFP via Getty Images

Remdesivir, officially branded as Veklury, does indeed work for patients hospitalized with COVID-19, according to expert reads of the data that were published in the New England Journal of Medicine.

Yes, but: The benefits remain rather limited, as patients on the drug leave the hospital in 11 days vs. 15 days.

  • Remdesivir appeared to have no effect for the sickest patients who were on a ventilator or an ECMO machine.
  • The drug also did not lead to a statistically significant drop in deaths, just as the early readout suggested.

The bottom line: "These preliminary findings support the use of remdesivir for patients who are hospitalized with COVID-19 and require supplemental oxygen therapy," researchers wrote. "However, given high mortality despite the use of remdesivir, it is clear that treatment with an antiviral drug alone is not likely to be sufficient."

My thought bubble: Releasing highly anticipated data late on a Friday heading into a holiday weekend — even one that is hindered by quarantine — isn't quite the thing to do if you're really excited about something.

Go deeper: All eyes now fall on Gilead's price

Go deeper

Biden releases plan to strengthen coronavirus supply chain

Photo: Brendan Smialowski/AFP via Getty Images

Joe Biden's campaign released a three-part plan Tuesday to rebuild U.S. supply chains in the wake of the coronavirus pandemic, and it's centered around the idea that the country is more vulnerable to global disruptions in spite of President Trump's "America First" rhetoric.

Why it matters: Biden is proposing a way to make sure the U.S. doesn't rely on other countries for personal protective equipment (PPE) and other related medical supplies. That's another way of acknowledging that we're not getting over this health crisis anytime soon.

Updated 1 hour ago - Politics & Policy

The major police reforms that have been enacted since George Floyd's death

NYPD officers watch a George Floyd protest in Manhattan on June 6. Photo: Scott Heins/Getty Images

Nationwide Black Lives Matter protests sparked by George Floyd's killing have put new pressure on states and cities to scale back the force that officers can use on civilians.

Why it matters: Police reforms of this scale have not taken place in response to the Black Lives Matter movement since its inception in 2013, after George Zimmerman's acquittal for shooting Trayvon Martin, an unarmed Black teenager.

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 1:30 p.m. ET: 11,679,808 — Total deaths: 539,764 — Total recoveries — 6,348,785Map.
  2. U.S.: Total confirmed cases as of 1:30 p.m. ET: 2,953,423 — Total deaths: 130,546 — Total recoveries: 924,148 — Total tested: 36,032,329Map.
  3. States: Arizona reports record 117 deaths in 24 hours.
  4. Public health: Trump administration invests $2 billion for drug treatments.
  5. Business: Breaking down the PPP disclosure debacle
  6. World: Brazil's President Bolsonaro tests positive— India reports third-highest case count in the world.