Hopes turn to virus drug breakthrough as economies stumble [ABC News]
Gilead Sciences, Inc. (GILD)
Last gilead sciences, inc. earnings: 4/30 04:01 pm
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Source: ABC News
The promise of an effective treatment against thecoronavirusThe U.S. government and others say they are working to make the medication available to patients as quickly as possible. News of the major medical advance lifted world markets, outshining gloomy data showing the U.S. economy contracted nearly 5% in January-March in the worst downturn since the Great Recession.California-based biotech company Gilead Sciences and the U.S. government reported in a major study run by the U.S. National Institutes of Health that the drug remdesivir shortened the time it takes for COVID-19 patients to recover by four days on average — from 15 days to 11.The study, involving 1,063 coronavirus patients around the world, also showed a trend toward fewer deaths among those on the drug, said Dr. Anthony Fauci, the government’s top infectious-disease expert.“What it has proven is that a drug can block this virus,” he said. “This will be the standard of care.”With a vaccine perhaps a year or more away, exp
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News
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- 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
- 1/16/26 - Form 4
- 1/15/26 - Form 144
- GILD's page on the SEC website