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FDA approves remdesivir as coronavirus treatment

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The Food and Drug Administration yesterday approved Gilead Sciences' antiviral drug remdesivir as a coronavirus treatment.

The drug has helped shorten the recovery time for some COVID-19 patients. It was one of the treatments used for President Donald Trump when he contracted the virus.

Remdesivir becomes the first and only fully approved treatment for COVID-19 in the United States.

Read more from CNBC.

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