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Gilead Sciences Inc - GILD STOCK NEWS

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.

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Gilead Sciences announced strong first quarter 2024 financial results with a 6% increase in product sales excluding Veklury, totaling $6.1 billion. Biktarvy sales rose by 10% to $2.9 billion, and Oncology sales increased by 18% to $789 million. The CymaBay acquisition led to a $3.9 billion charge impacting diluted EPS. Gilead's total revenue increased by 5% to $6.7 billion, with a significant decrease in diluted EPS due to acquisition-related charges. The company had $4.7 billion in cash as of March 31, 2024.
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Gilead Sciences recently published its 2023 Environmental, Social, and Governance (ESG) Impact Report, showcasing its achievements in innovating scientific solutions, advancing health equity, empowering communities, and sustaining the planet. The report highlights Gilead's commitment to creating a healthier world while benefiting people, communities, and the environment.
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Gilead Sciences, Inc. (GILD) will release its first quarter 2024 financial results and guidance on April 25, 2024. A webcast will be hosted to discuss the results and provide a business update.
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Gilead Sciences emphasizes gender equality with women representing over half of its workforce and a close salary ratio of 99.93:100 globally in 2023. The company is dedicated to developing innovative medicines for unmet medical needs worldwide.
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Gilead Sciences receives FDA approval for Vemlidy® 25 mg tablets as a once-daily treatment for chronic hepatitis B virus infection in pediatric patients six years and older, showcasing efficacy and safety in a Phase 2 clinical trial.
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Dr. Thomas Odeny and Dr. Joannie Ivory, Gilead-sponsored scholars, are awarded the Winn Career Development Award to address health disparities in cancer care for underrepresented populations. The Winn Awards, supported by Gilead, focus on increasing diversity in clinical trials and mentoring early-stage investigators from diverse backgrounds.
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Gilead Sciences, Inc. completes the acquisition of CymaBay Therapeutics, Inc. for $4.3 billion, enhancing its liver disease treatment portfolio with seladelpar for primary biliary cholangitis. The transaction reduces Gilead's 2024 EPS by approximately $3.10 - $3.20 due to acquisition costs and operating expenses.
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Gilead Sciences collaborates with HIV advocacy groups to increase testing and awareness in Türkiye, providing free tests and treatment. The nation faces a growing HIV epidemic with plans for biannual testing weeks to combat stigma and misinformation.
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The Center for Disease Analysis Foundation (CDA Foundation) announces the recipients of the CDAF-Relink grant funded by Gilead Sciences (Nasdaq: GILD) to reconnect Hepatitis B and C patients to care. The program received an eight-million-dollar grant from Gilead, distributing 2.1 million dollars to 14 grantees in the first round.
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Gilead Sciences, Inc. (GILD) announced the expiration of the waiting period under the HSR Act for its cash tender offer for CymaBay Therapeutics, Inc. The offer conditions are being met, with the tender offer set to expire on March 21, 2024.
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FAQ

What is the current stock price of Gilead Sciences (GILD)?

The current stock price of Gilead Sciences (GILD) is $90.19 as of November 22, 2024.

What is the market cap of Gilead Sciences (GILD)?

The market cap of Gilead Sciences (GILD) is approximately 111.8B.

What is Gilead Sciences, Inc.?

Gilead Sciences is an American biopharmaceutical company that focuses on developing antiviral drugs for diseases like HIV, hepatitis B and C, influenza, and COVID-19.

Where is Gilead Sciences headquartered?

Gilead Sciences is headquartered in Foster City, California.

What are some key products of Gilead Sciences?

Some key products include ledipasvir/sofosbuvir and sofosbuvir for hepatitis C treatment and several innovative antiviral therapies.

Which companies has Gilead Sciences acquired?

Gilead has acquired companies such as Corus Pharma, Myogen, CV Therapeutics, Arresto Biosciences, Calistoga, Pharmasset, Kite, Forty Seven, and Immunomedics.

What diseases does Gilead Sciences' portfolio cover?

Gilead's portfolio covers life-threatening diseases like HIV, hepatitis B and C, pulmonary and cardiovascular diseases, influenza, and various cancers.

How has Gilead expanded its oncology offerings?

Gilead has bolstered its oncology portfolio through acquisitions of Kite, Forty Seven, and Immunomedics, enhancing its cell therapy and non-cell therapy options.

What is Gilead's financial condition?

Gilead maintains a strong financial position with significant investments in research and development to support ongoing growth and innovation.

What is Gilead's approach to research and development?

Gilead focuses on continual innovation and investment in R&D to develop groundbreaking treatments for viral infections and other serious diseases.

What recent projects is Gilead working on?

Gilead is currently working on expanding its antiviral drug pipeline and exploring new treatments for various types of cancer.

Where can I find the latest news about Gilead Sciences?

You can find the latest updates and news about Gilead Sciences on their official website and through reliable financial news sources.

Gilead Sciences Inc

Nasdaq:GILD

GILD Rankings

GILD Stock Data

111.79B
1.24B
0.12%
88.41%
1.42%
Drug Manufacturers - General
Biological Products, (no Disgnostic Substances)
Link
United States of America
FOSTER CITY