Expectations were low in regard to sales of Gilead Sciences Inc.'s hepatitis C drugs and the company's dealmaking activity going into its first quarter earnings conference call on May 2 – and from that perspective, Gilead did not disappoint, though CEO John Milligan did pull back the curtain a little bit in regard to the company's strategy under pressure from an analyst.
Gilead's CEO Gives Glimpse Of Strategic Opportunities As HCV Sales Slide Continues
Gilead CEO John Milligan, pressured by an analyst, gave a brief rundown of the company's strategic priorities as investors wait for the company to spend its $34bn in cash on revenue-increasing opportunities to offset declining hepatitis C drug sales.
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