Why Gilead Sciences Stock Sank by 12.7% in 2018 [The Motley Fool]
Agenus Inc. (AGEN)
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Source: The Motley Fool
Why Gilead Sciences Stock Sank by 12.7% in 2018 George Budwell ( TMFGBudwell Jan 7, 09 at 0:AM What happened Gilead Sciences NASDAQ:GILD Global Market Intelligence Image source: Getty Images. So what Gilead's inability to swim against the current last year can be directly attributed to two key events. First off, Gilead's hepatitis C franchise continued to sink at an alarming rate in 08 due to the emergence of new competitive threats such as AbbVie Secondly, CEO John Milligan announced that he would be stepping down last July, but the company didn't name a replacement until early December. This nearly five-month-long leadership transition seemingly put the brakes on the biotech's business development plans for the better part of 08. Now what Fortunately, Gilead's days of wandering in the abyss appear to be at an end. As proof, the biotech named Roche partnership Agenus disclosure policy
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