Gilead Sciences Inc. is preparing to shift its research and development focus away from the hepatitis C virus (HCV) as sales of its HCV blockbusters continue to decline in the face of payer pressures and increasing competition, including the company’s own pan-genotypic, short-duration product that will be submitted soon for regulatory approvals.
President and CEO John Milligan said during Gilead’s third quarter earnings call that “there isn’t much left in terms of unmet medical need,” so the company has no new R&D programs planned in HCV and will focus its drug and business development activities on medicines to treat other liver diseases, fibrosis, cancer and inflammatory diseases. Diversification of the pipeline is welcome news for investors as Gilead’s $7
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