[94], In June 2020, Gilead announced that the price of remdesivir is set at US$390 per vial for governments of developed countries including the United States and US$520 for private insurance companies in the US. ", "Gilead Sciences: Is an Incyte Deal 'Reasonable'? Sales of Tamiflu almost quadrupled again in 2005, to $161.6m, during which time the share price tripled. We strive to help improve the lives of people with life-threatening illnesses around the world by giving them access to the medicine they need. [29] Later that year, the company was named one of the Fastest Growing Companies by Fortune. [95] The expected course of treatment is six vials over five days for a total cost of US$2,340. In 2013, the company acquired YM Biosciences, Inc. for $510 million. For the latest updates on our ongoing response to COVID-19, please click here. Riordan served as CEO from the company's founding until 1996. [20] Rumsfeld profiting from his investments in Gilead during a pandemic scare while in office sparked controversy, with many mainstream news outlets reporting his investments as a conflict of interest, particularly after the Pentagon ordered $58m worth of Tamiflu for US troops in July 2005. Later that year, the company acquired Arresto Biosciences, Inc. for $225 million, obtaining developmental-stage research for treating fibrotic diseases and cancer.[32]. [90][91] Remdesivir is a candidate for treating COVID-19; at the time the status was granted, fewer than 200,000 Americans had COVID-19, but numbers were climbing rapidly as the COVID-19 pandemic reached the US, and crossing the threshold soon was considered inevitable. AstraZeneca approaches Gilead about potential merger: report", "AstraZeneca Ponders a Huge $240 Billion Gilead Gamble", "AstraZeneca Approaches Gilead About Potential Merger", https://www.reuters.com/article/us-pionyr-m-a-gilead-sciences/gilead-to-buy-49-9-stake-in-cancer-drug-developer-for-275-million-idUKKBN23U1ZR, "Gilead Reaches Deal to Buy Immunomedics for $21 Billion", https://www.gilead.com/news-and-press/press-room/press-releases/2020/9/gilead-sciences-to-acquire-immunomedics, https://www.biospace.com/article/gilead-sciences-moves-deeper-into-oncology-with-21-billion-acquisition-of-immunomedics/?s=79, https://www.biospace.com/article/releases/gilead-sciences-to-acquire-myr-gmbh/?s=79, https://uk.reuters.com/article/myr-m-a-gilead/gilead-to-acquire-german-biotech-firm-myr-for-about-1-15-billion-euros-idUKKBN28K1QC, "Q4 Sovaldi Sales Tracking at $53 Million", "The same pill that cost $1,000 in the U.S. sold for $4 in India", "Will Gilead's HIV Franchise Plan Be Dashed On TrumpCare? Gilead is a member of the NASDAQ Biotechnology Index and the S&P 500. Backs AIDS Pill to Be Taken Once a Day", "U.S. Food And Drug Administration (FDA) Approves Atripla", "U.S. Food and Drug Administration (FDA) Approves Atripla (efavirenz 600 mg/ emtricitabine 200 mg/ tenofovir disoproxil fumarate 300 mg), the First Once-Daily Single Tablet Regimen For Adults With HIV-1 Infection", "Gilead Sciences Completes Acquisition of Raylo Chemicals Inc", "Parion Sciences and Gilead Sciences Sign Agreement to Advance Drug Candidates for Pulmonary Disease", "Gilead to Buy CV Therapeutics for $1.4 Billion", "Fortune 100 Fastest-Growing Companies 2009", "Gilead Sciences to Acquire Arresto Biosciences for $225 Million; Deal Adds Pipeline Candidates for Fibrotic Diseases", "Gilead Sciences to Acquire Calistoga Pharmaceuticals for $375 Million; Deal Adds Pipeline Candidates in Oncology and Inflammation", "Gilead Sciences to Acquire Calistoga Pharmaceuticals for $375 Million", "Gilead breaking ground on 1st part of massive campus rebuild in Foster City", "FDA approves first pill to help prevent HIV", "Drug Approval Package: Truvada (Emtricitabine and Tenofovir Disoproxil Fumarate) NDA #021752", "FDA encourages ongoing education of HIV PrEP treatment", "FDA approves first drug for reducing the risk of sexually acquired HIV infection", "Gilead to Acquire Phenex's FXR Program for Up-to-$470M", Genetic Engineering and Biotechnology News: GEN, "Gilead Boosts Cancer Pipeline With $65M EpiTherapeutics Buy", "Gilead (GILD) Collaborates with Galapagos for Filgotinib", "Gilead Sciences: Nimbus Drug Acquired, Offering Cure For Fatty Liver", "The Giving 20: The Most Generous Companies in America", "Gilead to buy Kite for promising cancer therapies in $12 billion deal", "Growth-hungry Gilead finally pivots from flagging hep C with $12B Kite buy", "Gilead to buy Cell Design Labs for up to $567 million", "Gilead Will Donate Truvada to U.S. for H.I.V. Later in the same year, Gilead acquired Myogen, Inc. for $2.5 billion (then its largest acquisition). [35] By replacing eight one or two-story buildings with seven new structures ranging as tall as 10 stories, Gilead nearly doubled its headquarters real estate footprint from about 620,000 square feet to about 1.2 million square feet. The company focuses primarily on antiviral drugs used in the treatment of HIV, hepatitis B, hepatitis C, and influenza, including Harvoni and Sovaldi. [65] Deutsche Bank estimated Sovaldi sales in the year's final quarter would be $53 million,[66] and Barron's noted the FDA approval and subsequent strong sales of the "potentially revolutionary" drug as a positive indicator for the stock. Item 3. [citation needed], In June 1996, Gilead launched Vistide (cidofovir injection) for the treatment of cytomegalovirus (CMV) retinitis in patients with AIDS. In 2015, the company made a trio of acquisitions: In 2016, the company acquired Nimbus Apollo, Inc. for $400 million, giving Gilead control of the compound NDI-010976 (an ACC inhibitor) and other preclinical ACC inhibitors for the treatment of non-alcoholic steatohepatitis and for the potential treatment of hepatocellular carcinoma. Gilead Sciences, Inc. is a biopharmaceutical company, which engages in the research, development, and commercialization of medicines in areas … Year in Review 2019 Annual Reports. Is Gilead Sciences a Buy? ", "Pharma M&A In 2017: The Most Likely Deal Hunters", "Interim Results of a Phase 1b/2 Study of Entospletinib (GS-9973) Monotherapy and in Combination with Chemotherapy in Patients with Acute Myeloid Leukemia", "US pharma giant Gilead uses 'Double Irish' tax loophole", "Patients sue Gilead, saying drug company intentionally delayed safer HIV medicine", "Tenofovir Effect on the Kidneys of HIV-Infected Patients: A Double-Edged Sword? profits, reporting that "A US pharmaceutical firm used a controversial tax loophole arrangement to shift almost €20 billion in profits through an Irish entity in just two years". ", "How big pharma and the Indian government are letting millions of patients down", "Bay Area-Based Gilead Sees Potential Legal Conflict With China Over Its Coronavirus Drug", "Remdesivir Orphan Drug Designations and Approvals", "FDA Grants Experimental Coronavirus Drug Benefits For Rare Disease Treatments", "Don't Let Big Pharma Make a Killing by Profiteering Off COVID-19 Treatments", "No profiteering on COVID-19 drugs and vaccines, says MSF", "Drug Companies Will Make a Killing From Coronavirus", "An Open Letter from Daniel O'Day, Chairman & CEO, Gilead Sciences", Pharmaceutical companies of the United States, https://en.wikipedia.org/w/index.php?title=Gilead_Sciences&oldid=993502264, Biotechnology companies established in 1987, Biotechnology companies of the United States, Companies based in Foster City, California, Pharmaceutical companies established in 1987, Organizations associated with the COVID-19 pandemic, Pages with non-numeric formatnum arguments, Articles with dead external links from July 2020, Articles with permanently dead external links, Short description is different from Wikidata, Articles with unsourced statements from April 2020, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License, It bought Phenex Pharmaceuticals for $470 million. For the fiscal year 2017, Gilead Sciences reported earnings of US$4.628 billion and annual revenue of US$26.107 billion,[1] a decline of 14.1% over the previous fiscal cycle. In 2013, the FDA approved this drug, under the trade name Sovaldi, as a treatment for the hepatitis C virus. Gilead Sciences Inc. (NASDAQ:GILD) went down by -0.82% from its latest closing price compared to the recent 1-year high of $85.97. [47] In November, the company announced it will acquire Cell Design Labs for up to $567 million, after it indirectly acquired a stake of 12.2% via the Kite Pharma deal. For example, in India, they tried to create an 'anti-diversion' program to determine who could buy the drug, which was considered a coercive and policing move by Médecins Sans Frontières since it could lead to the exclusion of vulnerable groups like refugees and migrants from accessing the medicines. At Gilead, we strive to transform and simplify care for people with life-threatening diseases around the world. Year in Review 2019. Sentence reads like they intended for drug to be used for PEP; this was not the case. HHS Secretary Alex Azar explained that the U.S. government will pay Gilead $200 per bottle for 30 pills for costs associated with getting the drug from factories into the eventual hands of patients. Get the latest Gilead Sciences, Inc. (GILD) stock news and headlines to help you in your trading and investing decisions. [88], Gilead sought and obtained orphan drug designation for remdesivir from the US Food and Drug Administration (FDA) on March 23, 2020. [51][52][53] On April 7, 2020, Gilead completed acquisition of Forty Seven, Inc. for "$95.50 per share, net to the seller in cash, without interest, or approximately $4.9 billion in the aggregate. © 2020 Gilead Sciences, Inc. All rights reserved. [12], In March 1999, Gilead acquired NeXstar Pharmaceuticals of Boulder, Colorado. With two drugs in development (ambrisentan and darusentan), and one marketed product (Flolan) for pulmonary diseases, the acquisition of Myogen has solidified Gilead's position in this therapeutic arena. [2] The company began to develop small molecule antiviral therapeutics in 1991, when the company in-licensed a group of nucleotide compounds including tenofovir. About Gilead Sciences . In December 2002, Gilead and Triangle Pharmaceuticals announced that Gilead would acquire Triangle for around $464 million; Triangle's lead drug was emtricitabine that was near FDA approval, and it had two other antivirals in its pipeline. In 2006, the company acquired Corus Pharma, Inc. for $365 million. Phone: +1 650 574 3000. [8][9], The company's primary therapeutic focus was in antiviral medicines, a field that interested Riordan after he contracted dengue fever. Gilead Sciences, Inc. is a research-based biopharmaceutical company that discovers, develops and commercializes innovative medicines in … [93], Gilead has also been accused of price-gouging on other medications developed with public funding, including AIDS PrEP drug Tenofovir and hepatitis C drug sofosbuvir as well as Remdesivir. [19], In 2004, during the Avian Flu pandemic scare, Gilead Sciences' revenue from Tamiflu almost quadrupled to $44.6m as more than 60 national governments stockpiled the antiviral drug, though the firm had made a loss in 2003 before concern about the flu started. [28], In 2009, the company acquired CV Therapeutics, Inc. for $1.4 billion, bringing Ranexa and Lexiscan into Gilead. [27] Raylo Chemical, based in Edmonton, Alberta, was a wholly owned subsidiary of Degussa AG, a German company. Download Report (Desktop) Download Report (Mobile) Previous Year in Review PDFs. [14] To avoid having to license future drugs in order to access international markets, Gilead simply acquired the 480-employee NeXstar, which had already built its own sales force in Europe to market AmBisome there. Forbes magazine ranked Gilead its number 4 drug company, citing a market capitalization of US$113 billion and stock appreciation of 100%, and describing their 2011 purchase of Pharmasset for $11 billion as "one of the best pharma acquisitions ever". Gilead benefited from the expansion of Medicaid in the ACA; Leerink analyst Geoffrey Porges wrote that Gilead's HIV drugs could face funding pressure under reform proposals. ", "Gilead delayed safer HIV drug to extend monopoly profits, advocates allege", "Gilead Lawsuits: 41 HIV and PrEP Patients File California Personal Injury Case Over Gilead's TDF-Based Drugs", "Activists pounce on $1,000-a-day price for Gilead's hep C wonder drug, Sovaldi", "Gilead's HCV drug sofosbuvir approved by the FDA but accessible for how many? Later that year, Hepsera (adefovir) was approved for the treatment of chronic hepatitis B, and Emtriva (emtricitabine) for the treatment of HIV. Gilead Sciences's shares traded at over $70 per share, and its market capitalization was valued at US$93.4 billion in October 2018. [83] Gilead's first TAF medication, marketed under the trade name Genvoya, came out in 2015. Krijg gedetailleerde informatie over het Gilead Sciences Inc (GILD) Aandeel inclusief Prijs, Grafieken, Technische Analyses, Historische gegevens, Gilead Rapporten en meer. Gilead Sciences, Inc. is a research-based biopharmaceutical company focused on the discovery, development, and commercialization of innovative medicines. Senators questioned the extent to which the market was operating "efficiently and rationally", and committee chairman Ron Wyden (D-Oregon) and ranking minority member Chuck Grassley (R-Iowa) wrote to CEO John C. Martin asking Gilead to justify the price for this drug. Prevention", "200,000 Uninsured Americans to Get Free H.I.V.-Prevention Drugs", "Gilead to Acquire Immuno-Oncology Company Forty Seven for $4.9 Billion", "Gilead to Acquire Forty Seven for $4.9 Billion", "Gilead buys Forty Seven for $4.9 billion to bolster cancer drug pipeline", "Gilead Completes Acquisition of Forty Seven, Inc", "A new pharma king? The company’s stock price has collected -3.09% of loss in the last five trading sessions. [67], On July 11, 2014, the United States Senate Committee on Finance investigated Sovaldi's high price ($1,000 per pill; $84,000 for the full 12-week regimen). Gilead Sciences, Inc. specializes in the development, manufacturing and marketing of therapeutic products. Foster City, CA 94404. In the US, for instance, it was launched at $1,000 per pill or $84,000 for the standard 84-day course. Fax: (650) 578-9264. [77], Gilead's Entospletinib has shown a 90% complete response rate for MLL type AML. 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