There are currently multiple effective treatments for patients who are hospitalized with COVID-19 and requiring oxygen:
[1] Dexamethasone [a steroid that can be given as a pill or intravenous]
[2] Tocilizumab [an intravenous medication known as a "monoclonal antibody"]
[3] Preliminary data suggest blood thinners may also be helpful.
It remains unclear if remdesivir is a life-saving medication or simply lead to symptom resolution faster.