
We expect the Covid-19 treatment landscape to evolve rapidly in 2020, with solid innovation supporting drug company pipelines and moats.
The dominance of Gilead’s GILD antiviral remdesivir in mid-2020 should shift to potential the wide combination use with repurposed immunology drugs (including steroid dexamethasone, which recently showed a marked survival benefit in critically ill patients) in the third quarter, emergency use of some new vaccines and targeted antibodies in the fourth quarter, and approval of several antibodies and vaccines by the end of 2020.
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