Trump says he slashed red tape for vaccines, therapies

(Updated - March 19, 2020 11:48 AM EDT)

(Updated - March 19, 2020 11:46 AM EDT)

(Updated - March 19, 2020 11:45 AM EDT)

(Updated - March 19, 2020 11:39 AM EDT)

• Trump Begins Press Conference, Still Using "China Virus"
• Working with both parties to further coronavirus legislation
• Trump says if people had known about it, virus could have been stopped, stopped in China
• Trump says he slashed red tape for vaccines, therapies
• "Clinical trials are already underway for many new therapies. We’re working on scaling these to allow many more Americans to access many more drugs that have shown really good promise"
• "If treatments known to be safe in Europe, Japan, other nations, we’ll use that information to protect the health and safety of the American people"
• Chloroquine - malaria drug, around for a long time, very powerful - but nice part is it’s been around for a long time.
• Chloroquine has shown very encouraging early results. We’re going to be able to make that drug available almost immediately. FDA has gone through approval process, it’s been approved - took it down from many, many months to immediate
• Gilead Sciences (NASDAQ: GILD) drug mentioned by Trump as being very closed to being approved for coronavirus
• "There are promising therapies produced by Gilead, remdesivir. That drug also has been approved or very close to approved in that case by the FDA."
• Regeneron (NASDAQ: REGN) drug mentioned in by Trump
• remdesivir, chloroquine and hyroxychloroquine. Those are out now, essentially approved for prescribed use

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