Gilead's 4th-qtr sales and earnings beat expectations, as Harvoni soars

3 February 2016
2019_biotech_test_vial_discovery_big

US biotech giant Gilead Sciences (Nasdaq: GILD) saw its shares rise 2.2% to $84.48 in after-hours trading yesterday, following reporting of its fourth-quarter and full-year 2015 financial results, that beat analysts’ expectations.

For the final quarter earnings reached $4.89 billion, or $3.32 per share up 34% from $3.5 billion in the year-earlier quarter. Analysts had expected the company to earn $3.00 per share, according figures compiled by Thomson Reuters. Meanwhile, revenue for the quarter rose 16.4% to $8.5 billion, beating expectations of $8.2 billion.

Combined sales of the hepatitis C drugs recently-launched Harvoni (ledipasvir and sofosbuvir) and Sovaldi (sofosbuvir) of $4.9 billion, exceeding analysts’ estimates of $4.5 billion. Sales of Harvoni totalled $3.35 billion, compared to expectations of $3.1 billion, while revenue from Sovaldi declined nearly 11% to $1.6 billion, ahead of expectations, as Harvoni took market share

This article is accessible to registered users, to continue reading please register for free.  A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Login to your account

Become a subscriber

 

£820

Or £77 per month

Subscribe Now
  • Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
  • Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
  • Daily roundup of key events in pharma and biotech.
  • Monthly in-depth briefings on Boardroom appointments and M&A news.
  • Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK

Companies featured in this story

More ones to watch >


Today's issue

Company Spotlight





More Features in Biotechnology