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Gilead Touts Catalyst-Rich 2024 Amid Sales Slump

 
• By Alaric DeArment

The drug maker pointed to a variety of key trial readouts over the course of the year, including the pivotal study of its long-acting HIV PrEP injectable and Phase III updates for Trodelvy.

• Source: Shutterstock

After Gilead Sciences, Inc.’s fourth quarter sales came in lower than expected and the company issued 2024 guidance that analysts found unexciting, the drug maker is pinning its hopes on a number of catalysts in virology and oncology that it anticipates throughout the year.

The Foster City, CA-based drug maker announced its fourth quarter and full year 2023 earnings on 6 February, reporting Q4 product sales that fell by 4% when including the COVID-19...

Key Takeaways

  • Gilead expects a number of key catalysts this year, including the pivotal trial results for its twice-yearly injectable for pre-exposure prophylaxis of HIV, lenacapavir.

    • ...

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