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Veklury Takes Gilead Earnings On Wild Ride

Third Quarter Sales Were Up But Veklury Missed Some Estimates

 
• By Alaric DeArment

The company is narrowing its 2020 guidance, citing COVID-19’s unpredictability and its effects on Veklury’s sales.

Inscription "Q3" on PC screen. Financial data on background.

Sales of Gilead Sciences, Inc.’s closely watched Veklury (remdesivir) came in below some analysts’ expectations, prompting the company to lower its guidance for 2020, which it attributed to the vagaries of the COVID-19 pandemic.

The company announced its quarterly earnings 28 October, reporting sales of $6.6bn, a 17% increase over Q3 2019

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