The disease has killed more than 6,500 people globally - including five Australians - since it was first identified in late 2019.
One of the medications is a drug used to treat HIV, which has been overtaken by "newer generation" treatments of the condition.
A group of researchers in Australia has reportedly found what they described as a potential cure for the coronavirus - and it's two existing drugs used to treat HIV and malaria.
According to Australian Royal Brisbane and Women's Hospital Infectious Diseases Physician Professor, David Paterson, who is now testing two potential drugs in the lab.
He said that it wouldn't be wrong to consider the drugs a possible "treatment or cure" for the deadly respiratory infection.
This ability to stop a virus from reproducing and infecting new cells is believed to be what apparently makes Kaletra an effective coronavirus treatment.
Professor David Paterson hopes to have patients enrolled in a clinical trial of the drug by the end of March.
'Patients would end up with no viable coronavirus in their system at all after the end of the therapy'.
Australia's coronavirus death toll has risen to four
Still, many offices are asking employees to work from home and several leading universities today shuttered for at least a week. Hundreds of Australians have meanwhile begun stockpiling goods, from staples to sanitizers, clearing supermarket shelves.
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He explained that when one of the medications - it is not clear which - was given to humans inflamed with the coronavirus in Australia, the treatment caused the 'disappearance of the virus.' Patterson told Australian news site news.Com.Au the approach might be a potentially effective remedy.
"What we want to do at the moment is a large clinical trial across Australia, looking at 50 hospitals, and what we're going to compare is one drug versus the other, versus the combination of the two drugs", the University of Queensland research director said.
"That's really our aim, to get real world experience in Australia", he added, referring to his home country as a proving ground for the world.
Paterson said the first wave of Chinese patients they had in Australia did very well when they had been handled with the HIV drug.
Paterson said while the new COVID-19 medicines had successful outcomes in some patients, it had not been tested in a controlled or a comparative manner. He revealed that the newly discovered drug could be administered as oral tablets. "So, luckily we know that these drugs are already safe because they are approved for use in Australia, and used on millions of people worldwide".
When asked why they had to put a call out money, Prof Paterson said they "want to give as many people in Australia access to this" and can't take doctors away from their normal work.
The Coronavirus Action Fund hopes to raise $750,000 to go toward understanding and better treating COVID-19.
"The trials will start as soon as funding is secured", the fund states.
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