The Traderszone Network

Published in TZ Latest News 26 September, 2014 by The TZ Newswire Staff

IBD 50: Gilead’s Sovaldi Drives Earnings Growth

Earnings over the past few quarters for Gilead Sciences (GILD) have been driven by record-breaking sales of Sovaldi, a drug that treats hepatitis C. The retail cost of a 12-week treatment is $84,000. That’s led to some backlash from insurers. But in clinical trials, Sovaldi has had a 95% cure rate. That’s better than any previous treatment medical science has come up with.

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