Gilead's Infectious-Disease Expertise and Emerging Leadership in Oncology Support a Wide Moat
Gilead's performance in the third quarter was largely in line with our expectations, with product sales down 15% as HCV declines outweighed strong performance in HIV. Management also raised revenue guidance for the year to $20.8 billion-$21.3 billion to account for weaker-than-expected generic HIV competition in Europe and delayed generics for PAH drug Letairis in the U.S. Gilead's new guidance fits well with our prior $21.2 billion forecast, although our new forecast ($21.7 billion) is again sl...Gilead Sciences is a research-based biopharmaceutical company that discovers, develops and commercializes medicines. The company's primary areas of focus include viral diseases, inflammatory and fibrotic diseases and oncology. The company's products include: Biktarvy for the treatment of HIV-1 infection in certain patients; Vosevi?, a single tablet regimen of sofosbuvir, velpatasvir and voxilaprevir for the re-treatment of chronic hepatitis C virus infection in adults; Vemlidy? for the treatment of chronic hepatitis B virus infection in adults with compensated liver disease; and Yescarta (axicabtagene ciloleucel) for the treatment of adult patients with relapsed or refractory large B-cell lymphoma.
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