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International Business: Gilead quarterly revenue drops 4 %, oral Covid drug fails trial

International Business: Gilead quarterly revenue drops 4 %, oral Covid drug fails trial
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Gilead quarterly revenue drops 4%, oral COVID drug fails trial

By Deena Beasley (Reuters) -Gilead Sciences on Tuesday said fourth-quarter revenue dipped 4% on lower sales of HIV drugs and its infused COVID-19 treatment .

New jerseyUnited statesLos angelesSonali paulMerdad parseyMichael yeeDeena beasleyGilead sciences onGilead sciencesChief medical officer merdad parseyWall streetReporting by deena beasleyMichael ermanBill berkrot

Health News Roundup: American Healthcare REIT to raise about $672 million in US IPO; U S publisher retracts studies cited by Texas judge in suspending abortion pill s approval and more

Health News Roundup: American Healthcare REIT to raise about $672 million in US IPO; U S publisher retracts studies cited by Texas judge in suspending abortion pill s approval and more
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Gilead quarterly revenue drops 4%, oral COVID drug fails trial

Gilead Sciences on Tuesday said its fourth-quarter revenue dipped 4% on lower sales of HIV drugs and Veklury, an infused drug for hospitalized COVID-19 patients, while its adjusted profit rose 3% due.

Merdad parseyGilead sciences onChief medical officer merdad parseyWall streetReporting by deena beasley editingBill berkrot

Gilead quarterly revenue drops 4%, oral COVID drug fails trial

Gilead Sciences on Tuesday said fourth-quarter revenue dipped 4% on lower sales of HIV drugs and its infused COVID-19 treatment Veklury, and the company forecast weaker-than-expected 2024 sales. For full-year 2024, Gilead said it expects adjusted earnings of $6.85 to $7.25 per share on product sales of $27.1 billion to $27.5 billion. Analysts have projected 2024 earnings of $7.24 per share on revenue of $27.7 billion.

Deena beasleyMerdad parseyGilead sciences onChief medical officer merdad parseyWall streetReporting by deena beasleyBill berkrot