TOKYO— Fujifilm Holdings Corp said on Wednesday a late-stage study of its antiviral drug Avigan showed it reduced recovery times for COVID-19 patients with non-severe symptoms, boosting expectations for regulatory approval in Japan.
The announcement sent Fujifilm shares up more than 4 percent in Tokyo to their highest level in four months. The government called on Fujifilm to triple national stockpiles of Avigan, approved in 2014 as an emergency flu treatment, and pledged to donate it to countries on request. In its statement, Fujifilm said it would perform further analysis of the trial data and seek to file for approval of Avigan for use in COVID-19 as early as October.
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