Aspen share price jumps after news of Covid-19 'miracle drug' dexamethasone

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A dexamethasone injection will cost about R150.

lopinavir-ritonavir, which is commonly used to treat HIV, and azithromycin, a commonly used antibiotic. , is a common drug which has wide ranging benefits including the reduction of inflammation and is used in the treatment of certain cancers. It has been used since the 1960s and has been on the organisation's model list of essential medicines since 1977.

reported on Wednesday that president Cyril Ramaphosa said SA is considering using the drug which is expected to help in the management of Covid-19.reported that health minister Zweli Mkhize said government is “excited” to learn about the report and will update protocols to allow health-care professionals to use it. He added that dexamethasone has been used in treating autoimmune diseases in SA.

After jumping more than 9% on Wednesday, Aspen's share price on the JSE pulled back a bit on Thursday, and was last seen down 2.61% to R149. The company has a market capitalisation of about R67.9bn.

 

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