Gilead Defends Growth Prospects As Veklury Sales Drive Q3 Revenue Surge

Guidance Lowered For Sales Excluding The COVID-19 Drug

Third quarter revenue rose 13% year-over year to $7.4bn but fell 3% without Veklury to $5.4bn as the HCV and HIV franchises felt continued pandemic and generics impacts.

Gilead sign at their headquarters in Foster City
Gilead expects up to $26.3bn in 2021 product sales, $21.5bn excluding Veklury • Source: Alamy

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