The Traderszone Network

Published in TZ Latest News 23 March, 2015 by The TZ Newswire Staff

Biotech Behemoth Gilead In Trouble After Flagship Drug Related Death

Gilead is, by far, the largest income producer in the Nasdaq Biotech Index and today’s warning from the Biotech behemoth which has dragged the stock down 2.8% this morning, is weighing heavily on the exponentially-expanding index. As Bloomberg reports, GILD said nine patients taking its hepatitis C drugs Harvoni or Sovaldi along with the heart treatment amiodarone developed abnormally slow heartbeats and one died of cardiac arrest.

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