Business

In this article

In this photo illustration the British multinational pharmaceutical company GlaxoSmithKline (GSK) logo seen displayed on a smartphone with a computer model of the COVID-19 coronavirus on the background.
Budrul Chukrut | SOPA Images | Getty Images

GlaxoSmithKline and Vir Biotechnology on Friday applied for an emergency use authorization from the Food and Drug Administration for their monoclonal antibody drug.

The FDA submission is based on an interim analysis of a phase three trial, which evaluated the drug for the early treatment of Covid-19 in adults at high risk of hospitalization. The drug reduced hospitalizations or death from Covid-19 by 85% compared with a placebo.

The two companies in August started testing the antibody on early-stage Covid-19 patients, hoping to keep symptoms from progressing.

This is a developing story. Please check back for updates.

-Reuters contributed to this report.

Articles You May Like

As Americans reach ‘peak 65,’ here’s what to know when planning for Medicare, Social Security
Brian’s Big Idea on Oil
Biden will announce new student loan forgiveness plan impacting tens of millions of Americans
Vietnamese property tycoon sentenced to death in country’s largest financial fraud, state media reports
The ‘supercore’ inflation measure shows Fed may have a real problem on its hands