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Gilead's CEO Gives Glimpse Of Strategic Opportunities As HCV Sales Slide Continues

 
• By Mandy Jackson

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.

Arrows miss target

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.

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