Covid-19 drugs could be made for $1 per day, say academics [FT.com - Mergermarket]
Gilead Sciences, Inc. (GILD)
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Source: FT.com - Mergermarket
Existing drugs with the potential to treat coronavirus could be produced and sold at a profit by pharmaceutical companies for $1 a day or less, according to academics.Liverpool University’s Andrew Hill and others argue in a new paper that current market prices for an array of potential treatments for Covid-19 are much higher than costs of production, particularly in the .No treatment has yet been shown to work against the novel coronavirus and none has been officially approved by regulators for Covid-19, but some doctors are giving them to patients for compassionate use.Remdesivir, an antiviral initially devised by Gilead Sciences for Ebola that is in several Covid-19 trials, could be mass produced for $9 per treatment course, according to the paper in the Journal of Virus Eradication.The paper estimates minimum costs of production by considering the costs of pharmaceutical ingredients, packaging and other items. On top of that, it assumes that drugmakers will achieve profit margins o
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- Cell and Gene Therapy Investment Trends Strategic Intelligence Report 2025-2031: Yescarta from Gilead Sciences and Zolgensma from Novartis Generated $1.5 Billion and $1.2 Billion in 2024 Sales [Yahoo! Finance]Yahoo! Finance
- Gilead Sciences (NASDAQ:GILD) had its price target lowered by analysts at Royal Bank Of Canada from $105.00 to $100.00. They now have a "sector perform" rating on the stock.MarketBeat
- Gilead Sciences (NASDAQ:GILD) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $110.00 to $115.00. They now have a "neutral" rating on the stock.MarketBeat
- Hopping Mad Over Drug Company Product Hopping [Forbes]Forbes
- Gilead Sciences (NASDAQ:GILD) had its "buy" rating reaffirmed by analysts at UBS Group AG.MarketBeat
GILD
Earnings
- 10/30/25 - Beat
GILD
Sec Filings
- 1/16/26 - Form 4
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- 1/15/26 - Form 144
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