Welcome to our dedicated page for Gilead Sciences news (Ticker: GILD), a resource for investors and traders seeking the latest updates and insights on Gilead Sciences stock.
Gilead Sciences, Inc. is an American biopharmaceutical company based in Foster City, California. The company specializes in researching, developing, and marketing antiviral drugs used in the treatment of a variety of viral infections including HIV/AIDS, hepatitis B and C, influenza, and COVID-19. Gilead is renowned for its innovative approach to creating life-saving therapies, with a core focus on diseases such as HIV and hepatitis. Some of its groundbreaking products include ledipasvir/sofosbuvir and sofosbuvir, pivotal in the treatment of hepatitis C.
Gilead's extensive portfolio has been significantly enhanced through strategic acquisitions. The purchase of Corus Pharma, Myogen, CV Therapeutics, Arresto Biosciences, and Calistoga has allowed the company to diversify into pulmonary and cardiovascular diseases and cancer treatments. The acquisition of Pharmasset was particularly notable, providing Gilead with the rights to the hepatitis C drug Sovaldi, further combined into the drug Harvoni. Additionally, Gilead has expanded its oncology offerings through the acquisitions of Kite, Forty Seven, and Immunomedics, strengthening its position in both cell therapy and non-cell therapy in oncology.
Gilead continually seeks to innovate and push the boundaries of medicine to offer better therapeutic solutions. Recent projects include expanding its antiviral pipeline and exploring novel treatments for various cancers. Financially, Gilead remains robust, with substantial investments in research and development to drive future growth and maintain its leadership in the biopharmaceutical industry.
Kite, a Gilead Company (Nasdaq: GILD), announced promising results from the ZUMA-3 study evaluating Tecartus® (brexucabtagene autoleucel) for adult patients with relapsed or refractory B-cell precursor acute lymphoblastic leukemia (ALL). The study reported a response rate of 71% in treated patients, with 97% achieving deep molecular remission. The FDA has accepted a supplemental Biologics License Application for Tecartus, targeting an approval date of October 1, 2021. However, grade ≥3 adverse events were noted in 95% of patients, raising safety concerns.
Gilead Sciences (Nasdaq: GILD) announced promising results from the Phase 3 ASCENT study of Trodelvy for relapsed or refractory metastatic triple-negative breast cancer (TNBC). In brain metastases-negative patients with recent disease progression, Trodelvy improved progression-free survival by 59%, achieving a median of 5.7 months compared to 1.5 months with chemotherapy. Overall survival also significantly increased to 10.9 months from 4.9 months. The safety profile remains consistent, with manageable adverse reactions. The data reaffirms Trodelvy’s potential as a new standard of care in this difficult-to-treat population.
Gilead Sciences (Nasdaq: GILD) and Kite announced the presentation of 16 abstracts at the American Society of Clinical Oncology Annual Meeting from June 4-8, 2021. These include oral and poster presentations highlighting advancements in Gilead's antibody-drug conjugates and Kite's CAR T-cell therapies. Notably, data will showcase the impacts of Sacituzumab Govitecan in treating metastatic triple-negative breast cancer, and CAR T-cell therapies in non-Hodgkin lymphoma. The event aims to share insights on innovative treatments for difficult-to-treat cancers.
Gilead Sciences announced its executives will present at several investor conferences in June 2021. Key events include the Cowen Annual Virtual Oncology Innovation Summit on May 21, Jefferies Virtual Healthcare Conference on June 1, Bernstein Annual Strategic Decisions Conference on June 2, and Goldman Sachs Annual Global Healthcare Conference on June 9. Live webcasts will be available on the company’s investor page, with replays for 30 days post-event. Gilead is a leading biopharmaceutical firm focused on innovative treatments for serious diseases globally.
Gilead Sciences (Nasdaq: GILD) will present at two upcoming investor conferences. The BofA Securities 2021 Virtual Health Care Conference is scheduled for May 13, 2021 at 2:00 p.m. ET, while the RBC Capital Markets 2021 Global Health Care Conference will take place on May 19, 2021 at 10:20 a.m. ET. Live webcasts can be found on the company's investors page, with replays available for 30 days post-presentation. Gilead is dedicated to developing treatments for life-threatening diseases and operates globally from its headquarters in Foster City, California.
Gilead Sciences, Inc. (Nasdaq: GILD) has announced a cash dividend of $0.71 per share for Q2 2021. This dividend is set to be paid on June 29, 2021, to shareholders recorded by the close of business on June 15, 2021. The company emphasizes that any future dividends will require Board approval. Gilead continues its commitment to developing innovative treatments for serious diseases globally.
Gilead Sciences reported Q1 2021 revenue of $6.4 billion, a 16% increase from 2020, driven by sales of Veklury and new oncology products. Diluted EPS rose 12% to $1.37, with non-GAAP EPS at $2.08, up 24%. Despite strong growth, sales from non-Veklury products fell 11% to $4.9 billion, mostly due to loss of exclusivity of key HIV drugs. Gilead expects 2021 revenue guidance of $23.7 billion to $25.1 billion and modified GAAP EPS guidance to $4.75 to $5.45.
Gilead Sciences (Nasdaq: GILD) is responding to the COVID-19 surge in India by offering technical support to its licensing partners. The company will enhance local manufacturing of remdesivir, approved for use in severe COVID-19 cases, and is donating at least 450,000 vials to Indian patients. Gilead’s voluntary licensing program has already provided access to the drug for over 2.3 million individuals in more than 60 countries. The company's focused efforts aim to address the urgent healthcare needs amid the crisis.
Gilead Sciences, Inc. (Nasdaq: GILD) will release its first quarter 2021 financial results on April 29, after market close. A conference call is scheduled for 4:30 p.m. Eastern Time the same day to discuss these results and provide a business update. Investors can access the live webcast through Gilead's Investors page or by dialing in with provided numbers. The webcast will be available for one year on Gilead's website. The company focuses on innovative medicines for life-threatening diseases, operating in over 35 countries worldwide.
Gilead Sciences (Nasdaq: GILD) received FDA accelerated approval for Trodelvy (sacituzumab govitecan-hziy) to treat adult patients with advanced urothelial cancer previously treated with platinum chemotherapy and PD-1/PD-L1 inhibitors. The approval is based on the Phase 2 TROPHY study, where 27.7% of 112 evaluable patients responded to the treatment, with a median response duration of 7.2 months. The approval highlights the need for new therapies in a market where the 5-year survival rate for metastatic UC is only 5.5%. However, the treatment comes with significant safety warnings related to neutropenia and diarrhea.
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