Chloroquine phosphate, an old antimalarial drug, has shown efficacy against COVID-19 in preliminary clinical trials in China with no severe adverse side effects reported. Based on these results, Chinese authorities are recommending chloroquine be included in their national treatment guidelines for COVID-19 as a potential treatment option due to its apparent effectiveness and low cost. Further research is still needed but chloroquine may provide an affordable approach to reducing the impact of the global COVID-19 pandemic.