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Remdesivir Should Give Gilead’s 2020 Revenue A Needed Lift

 
• By Mandy Jackson

As it prepares to report second quarter earnings that may show coronavirus-related impacts, the company’s antiviral for COVID-19 may boost 2020 revenue and offset need for new products.

Antibodies attacking SARS-CoV-2 virus, the conceptual 3D illustration for COVID-19 treatment, diagnosis and prevention
Gilead's antiviral against the novel coronavirus could give its earnings a blockbuster boost • Source: Shutterstock

Gilead Sciences, Inc. is likely to spend a lot of its second quarter earnings call talking about remdesivir, the company’s antiviral drug endorsed in the US and EU for the treatment of hospitalized COVID-19 patients. Analysts have forecast that remdesivir could provide blockbuster sales over the next few years at a time when the company is under pressure to boost revenues in the short and long term.

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