Gilead Sciences, Inc. (Nasdaq: GILD) is a biopharmaceutical company that discovers, develops, and commercializes innovative medicines in areas of unmet medical need in the US, Europe, and internationally. Founded in 1987 and headquartered in Foster City, California, Gilead operates in over 35 countries worldwide.
Gilead's product portfolio includes treatments for HIV/AIDS, liver diseases, hematology, oncology, and inflammation. The company's key products include Biktarvy, Genvoya, Descovy, and Truvada for HIV/AIDS; Epclusa, Harvoni, and Vemlidy for viral hepatitis; Veklury for Covid-19; and oncology drugs like Trodelvy. Gilead's HIV franchise, particularly Biktarvy, continues to be a major revenue driver, accounting for about 46% of product sales as of Q2 2024. The company is also expanding its presence in oncology, with sales in this segment growing 15% year-over-year in Q2 2024.
Biktarvy: Leading HIV treatment with 8% sales growth in Q2 2024
Epclusa, Harvoni, Vemlidy: Treatments for viral hepatitis
Veklury: Injection for intravenous use to treat Covid-19
Trodelvy: Oncology drug with 23% sales growth in Q2 2024
Gilead reported total product sales of USD 6.7 billion in Q2 2024, a 6% increase year-over-year. The company is focused on advancing its pipeline, particularly in HIV prevention and liver diseases. In February 2024, Gilead acquired CymaBay Therapeutics to expand its liver disease portfolio. The company's HIV prevention drug lenacapavir showed 100% efficacy in Phase 3 trials, potentially replacing daily pills with two shots per year. Gilead also received FDA approval for Livdelzi to treat primary biliary cholangitis in 2024. The company aims to file for approval of lenacapavir as an HIV prevention option by the end of 2024, with potential market launch in 2025.
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