FDA Authorizes Use of Old Malaria Drugs to Treat COVID-19

Chloroquine, a malaria treatment discovered during the 1930s, and a newer, related drug, hydroxychloroquine, have officially been authorized in the U.S. for emergency use against the novel coronavirus. 

The Food and Drug Administration hasn't formally approved chloroquine and hydroxychloroquine for the treatment of COVID-19. Instead, it granted an emergency-use authorization (EUA) that allows them to be given to hospitalized coronavirus patients who can't participate in clinical trials of the drugs. 

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Source Fool.com