Announcing the findings today, Professor Landray said: 'We have concluded that there is no beneficial effect of hydroxychloroquine in patients hospitalised with COVID-19.
'We have therefore decided to stop enrolling participants to the hydroxychloroquine arm of the RECOVERY trial with immediate effect.
'There was no significant difference in the primary endpoint of 28-day mortality. There was also no evidence of beneficial effects on hospital stay duration or other outcomes.
'These data convincingly rule out any meaningful mortality benefit of hydroxychloroquine in patients hospitalised with COVID-19.'
Professor Horby and Professor Landray were supposed to be 'blinded' from the results from RECOVERY - which is also looking into four other promising Covid therapies - until July.
But concerns about the safety of hydroxychloroquine began mounting in late May when a controversial paper published in The Lancet ruled the tablets raised the risk of death in Covid patients.
The paper - which has now been retracted after being accused of using sloppy data - spooked research teams around the world into suspending trials of the drug, including the WHO's SOLIDARITY study and two separate trials in the UK.
Professor Horby said the concerns about the anti malaria drug's safety 'caused us to look at the blinded data more quickly than we would have.'
The UK's drugs watchdog, the Medicines and Healthcare products Regulatory Agency (MHRA), suspended recruitment for the COPCOV and Principle trials last week on the back of the Lancet paper's findings.
COPCOV is a separate Oxford study being carried out alongside Brighton University, investigating whether the malaria tablets can prevent coronavirus infection in the first place.
Hydroxychloroquine will be given to more than 40,000 frontline healthcare workers from Europe, Africa, Asia and South America.
The COPCOV researchers believe their research is safe because it does not involve patients already ill with coronavirus. They remain confident their study will go ahead.
The MHRA also halted the use of hydroxychloroquine in the Principle trial, which is studying people aged 50 to 64 who have COVID-19 symptoms and a chronic health condition such as heart disease, asthma or cancer.
It is thought that the malaria drug will be pulled from the study on the back of the results from the RECOVERY trial.
The WHO said on Wednesday it was ready to resume its SOLIDARITY trial, but it has been advised against doing so by the RECOVERY researchers.
The Lancet study was a 'retrospective observational' study, using a data set from an analytics firm, to see what effects the drug had had on some COVID-19 patients, compared to those who did not get it.
They are weaker than randomised studies, like RECOVERY, which are seen as the gold standard in research because they randomly assign a treatment to one group of people and a dummy to another group so that the two can be compared.
President Trump was among the first to wax lyrical about the possible benefits of hydroxychloroquine for coronavirus patients in March.
Early lab studies in petri dishes showed the drug could fend off coronavirus and prevent it from replicating.
In the absence of clear scientific evidence, some authorities and consumers are buying up stocks of the drug in case it turns out to be effective.
Britain, for example, was spending millions of pounds bulk-buying tablets in case they proved to be effective.
The drug is also being regularly used in China and India and has been approved for emergency use in severely ill patients in the US.
Retracted Lancet paper which warned against Covid-19 drug championed by Donald Trump flares accusations of political point-scoring and questionable data
A 'scandalous' and now retracted medical study which warned against using a drug championed by Donald Trump has flared accusations of political-point scoring.
The paper's claim that hydroxychloroquine increases the risk of death in Covid-19 patients has been used by rivals as a stick to beat the US President, who has himself been taking the drug and hailed it a 'game-changer' in the war on coronavirus.
Mounting doubts over the study's reliability culminated yesterday when the authors retracted their study from the Lancet medical journal, whose editorial standards have also been thrown into question.
The climbdown has dredged up lingering concerns the findings have become a political football to undermine the President.
The study was retracted by three of its four authors: Dr Mandeep Mehra, of Harvard Medical School, Dr Frank Ruschitzka from University Hospital Zurich and Dr Amit Patel of the University of Utah (pictured from left to right) all co-signed the retraction
The research has also been blighted by criticism of sloppy data by the small private company which conducted the analysis.
The study made waves not just in the scientific community, but also in Washington where Trump's critics scorned him for pushing the drug for coronavirus patients.
Dr Carlos Chaccour, an infectious disease expert at the Barcelona Institute of Global Science, believes the paper muddied the scientific discourse and has been used by rivals to score political points.
'There was huge political polarisation about hydroxychlorioquine, politics became mixed in with policy,' he told the Guardian.
'So there's people defending hydroxychloroquine because they like Donald Trump, and people opposing it because they don't like Donald Trump.'
The paper's lead author Dr Mandeep Mehra of Harvard Medical School said in a recent interview the study was sparked by 'amazement' at how governments were touting the drug.
The study authors published a retraction of their research on June 4, less than a month after the original article was published. They revealed that their data could not be reviewed and apologized for any 'embarrassment or inconvenience that this may have caused'
He told FranceSoir: 'We were amazed at the widespread use of hydroxychloroquine and chloroquine around the world and in particular the way government agencies were pushing for it without much evidence.'
Little is known of Dr Mehra's political alliances, but he has 'liked' tweets blaming 'political leaders' for pushing hydroxychloroquine.
Along with Dr Amit Patel of the University of Utah and Dr Frank Ruschitzka of the University Hospital Zurich, Dr Mehra issued an apology to the Lancet.
But since the retraction, Dr Mehra has not commented publicly, which raised eyebrows from a top scientist.
Professor Karol Sikora, a former World Health Organisation director, told MailOnline: 'The problem I think in trying to sort it out is nobody's going to admit to anything.
'The author's gone to ground, which is slightly unusual. You'd think he be out there.'
He added: 'I think there's some sort of scandal.'
The fourth author, Dr Sapan Desai, CEO of the private company Surgisphere which compiled the data, has not spoken publicly.
The reliability of Surgisphere has been picked apart in recent days, with more than 120 prominent scientists raising questions about the data used in the study.
Several of the company's handful of employees appear to be severely under-qualified.
One, listed as the science editor, is a full-time science fiction writer while another, the marketing executive, is an adult model and events hostess, according to the Guardian.
Since the paper was published by the Lancet, the research has been under outside review.
Surgisphere refused to transfer its data to the auditors, citing patient privacy, leading to the review to be cut short and the article retracted.
'We can no longer vouch for the veracity of the primary data sources,' the authors wrote to The Lancet in their retraction.
The Lancet itself has been accused of political partisanship after urging readers in a stinging editorial to vote out Trump.
Last month, it wrote: 'Americans must put a president in the White House come January, 2021, who will understand that public health should not be guided by partisan politics.
Prof Chris Chambers, School of Psychology, Cardiff University Brain Research Imaging Centre, said last night: 'It is right that these articles were retracted.
'However, the failure to resolve such basic concerns about the data during the course of normal peer review raises serious questions about the standard of editing at the Lancet and NEJM — ostensibly two of the world's most prestigious medical journals.
'If these journals take issues of reproducibility and scientific integrity as seriously as they claim, then they should forthwith submit themselves and their internal review processes to an independent inquiry.'
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