65.49 0.00 (0.00%)
After hours: 6:35PM EDT
|Bid||65.25 x 4000|
|Ask||65.94 x 1100|
|Day's Range||64.90 - 66.10|
|52 Week Range||60.32 - 79.61|
|Beta (3Y Monthly)||1.22|
|PE Ratio (TTM)||15.71|
|Earnings Date||Apr 29, 2019 - May 3, 2019|
|Forward Dividend & Yield||2.52 (3.88%)|
|1y Target Est||80.43|
Gilead Sciences Inc NASDAQ/NGS:GILDView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for GILD with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting GILD. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding GILD are favorable, with net inflows of $14.03 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Healthcare sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
An activist investor wants to know what drug giant Gilead is doing with its multibillion-dollar windfall from the 2017 federal tax overhaul.
Piper Jaffray notes that the price increases were about 30% lower than what previous hikes have been and were well below price increases that other companies have implemented.
Gilead paid its departed president and CEO nearly $25 million last year, but that figure is nuanced with one-time changes to his stock-based compensation.
Agenus (AGEN) gets a $7.5-million milestone payment from Gilead following the FDA acceptance of the company's IND filing for AGEN1423. Shares rise.
Gilead Sciences (GILD) closed the most recent trading day at $65.75, moving +1.42% from the previous trading session.
Gilead Sciences Inc. (GILD), CVS Health Corp. (CVS), Walgreens Boots Alliance Inc. (WBA) and Vodafone Group PLC (VOD) have declined to their three-year lows. The price of Gilead Sciences Inc. (GILD) shares declined to $63.23 on March 8, which is 4.6% above the three-year low of $60.32. Gilead Sciences is an American international pharmaceutical and biotechnology company that develops and commercializes therapeutics.
On paper, pharmaceutical giant Gilead Sciences (NASDAQ:GILD) is off to a solid start this year. So far in 2019, GILD stock is up over 4%. While that's not very impressive, GILD also pays out a 3.9% dividend. So in total, the owners of Gilead stock should receive healthy, double-digit-percentage returns in 2019.Source: Shutterstock Of course, that assumes that Gilead stock will continue to rise. But after examining the situation more closely, that appears to be unlikely. Since early February, GILD has fallen 8%. Moreover, Gilead stock has formed a bearish trend channel since October of last year. Making matters worse, the GILD bulls seemingly have no argument that can stop the decline of GILD stock. * 5 Airline Stocks In Serious Trouble As if stakeholders needed any more bad news, the company's fourth-quarter earnings per share came in below expectations. Against analysts' consensus earnings per share estimate of $1.74, GILD meekly delivered $1.44. Conspicuously, its Q4 EPS dropped 19% year-over-year.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe revenue picture wasn't that much better for GILD stock. Sure, the company beat out the consensus estimate, which called for $5.52 billion, with a $5.8 billion haul. Unfortunately, the sales beat was overshadowed by the fact that the company's revenue fell nearly 3% versus the year-ago quarter.Most painful of all were product sales, which also slipped 3% YoY, to $5.68 billion. In particular, the revenue of Gilead's hepatitis C drugs tumbled 51% YoY to $738 million.Pouring salt on a festering wound, the company's hepatitis B treatments fell by double-digit-percentage levels, declining to $797 million. Unsurprisingly, Gilead stock tumbled after the earnings report.But what's truly worrisome about GILD is that after more than a month,Gilead stock still hasn't recovered. With Gilead's new CEO, Daniel O'Day, at the helm, should investors hold onto GILD stock, or sell their shares? GILD Stock Has Priced in the Bad NewsI don't blame shareholders for feeling jittery. Although O'Day has a strong, relevant track record given his time at Roche (OTCMKTS:RHHBY), he's in an unenviable situation. To prevent further damage to Gilead stock, the new leader must address the fallout from the large decline of the company's hepatitis C revenue, as well as diversify his company's product lineup.This is much easier said than done. A key reason why the markets punished GILD stock was that the company was essentially too successful. To put it bluntly, pharmaceuticals have almost no incentive to cure diseases. Instead, managing them and making victims of the disease continuously obtain the drugs will guarantee recurring income.Gilead took a radically-different approach. Rather than manage hepatitis C, its Sovaldi drug cured the disease. That seemed like a bad business move, considering that rival AbbVie (NYSE:ABBV) has a similar drug. The key difference between the treatments is that AbbVie's offering is ineffective, but profitable.Indeed, when you look at Gilead's Q4 results, you can't help but second-guess its management. Nevertheless, I don't think giving up on GILD stock is necessarily the right answer.Although the company has steep challenges ahead, I'm encouraged by the relatively modest volatility of GILD stock. Since Q4, Gilead stock is down 8%. That's a significant decline, but it's not devastating, particularly because GILD's key money maker appears to have weakened so much.Moreover, I find it interesting that GILD stock is staying above its long-term support line that extends back to 2013. Again, if Gilead has really incurred anything close to a fatal blow, it's not showing up in the charts.Secondly, the Q4 report demonstrated that the company has the potential to turn things around. The revenue of its HIV treatments -- including Biktarvy which demonstrates strong potential -- grew meaningfully, gaining 21% to $4.1 billion. Also, its immunotherapy cancer drug, Yescarta, raked in $264 million in 2018. The Long-term Outlook of Gilead Stock Is PositiveIf you look at the GILD stock price over the last five years, and compare it to the progression of the company's top line, you'll notice that they generally align with each other. After absorbing some tough spills, Gilead has generated meaningful momentum with its new-drug pipeline. Eventually, Gilead's share price will likely rebound as wellMore importantly, I think that management's decision to find effective cures for diseases was correct. Although Gilead stock is taking some hits due to the loss of revenue from its hepatitis C treatment, the drug proved that Gilead's science actually works. In the long run, that's an invaluable (and exclusive) brand message that GILD can exploit.And what about AbbVie's hepatitis C drug that manages the illness? ABBV may have outperformed GILD in the past, but today, it's in a worse situation. So far this year, ABBV is down more than 12%.In other words, within the broader healthcare industry, the science eventually matters. While GILD stock isn't perfect, I have confidence that this proven company can work out its pipeline issues. The same can't be said for the competitors that merely tow the line.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks Already Rewarding Shareholders In 2019 * The 10 Best-Performing ETFs This Year * 7 Stocks That Should Be Worried About a Data Dividend Compare Brokers The post Donat Abandon Gilead Stock After Weak Q4 Results appeared first on InvestorPlace.
Gilead Sciences, Inc. (GILD) today announced findings from two studies that support the further development of GS-6207, a novel, selective, first-in-class inhibitor of HIV-1 capsid function, for potential future use as part of long-acting HIV combination therapy. Interim blinded data from a Phase 1 study in healthy trial participants demonstrated that single doses of GS-6207 of up to 450 mg, administered subcutaneously, achieved sustained concentration levels and were well-tolerated. Separately, in vitro data demonstrated picomolar potency with GS-6207, including against HIV strains resistant to other antiretroviral (ARV) classes.
[Editor's note: This story was originally published in December 2018. It has since been updated and republished, but the author's position may have shifted since its last publication.]Any cursory look at the markets would reveal that 2018 wasn't the best year for investors. That goes for speculative assets as well, including marijuana stocks. Although going green has proven net positive for the early birds, the sector tanked heavily during the October selloff. Still, I wouldn't drop them from your list of stocks to buy just yet.Despite their well-publicized fall from grace, several marijuana stocks have stabilized from their severe correction. While that's no guarantee that the industry is done spilling blood, the deflated prices will almost certainly attract speculators. Should enough risk-takers enter the arena, publicly traded cannabis companies will jump higher, even if it's only a temporary swing.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHowever, some other factors suggest that marijuana stocks may enjoy a sustained rise. First, none of the big waves currently spooking benchmark indices affect the legal cannabis industry. Whether it's political unrest in the Middle East, the spiraling protests in Paris or the ugly Huawei controversy, marijuana, for now, is mostly a North American issue.Second, medical cannabis, on the one hand, potentially offers significant social utility. A stunning Bloomberg article analyzed whether Gilead Sciences (NASDAQ:GILD) made the right business decision in producing a drug that cured diseases rather than managing them. The perception exists that big pharma companies should focus primarily focus on revenue generation rather than medical breakthroughs.On the other hand, medical marijuana companies have no such quandaries. Because they are typically much smaller outfits, they don't mind the inability to patent a naturally occurring plant. If anything, an organization that produces a proven, effective cannabis strain would represent a buyout target. This asymmetry challenges Big Pharma, but makes marijuana-based pharmaceuticals among the best stocks to buy. * 9 Trade War Stocks to Sell on U.S.-China Deal News While the sector remains risky, the deflated market environment offers attractive deals on these 10 marijuana stocks. Tilray (TLRY)Tilray (NASDAQ:TLRY) easily represents the most interesting and controversial picks among marijuana stocks to buy for next year. Within a few months after its initial public offering, TLRY stock pulled a ten-bagger. But as you know, the victory was short-lived, and Tilray came crashing down to earth.Naturally, several analysts and commentators blasted the company as an unsustainable bubble. Keep in mind, though, that since its IPO, TLRY stock is up over 470%. I wouldn't dismiss such a performance as a failure. Moreover, shares have stabilized near the $100 level. If this company was as terrible as the bears claimed, I doubt TLRY would ride this support line.Now, it's easy to dismiss any individual opinion. It's much harder when a banking giant like Barclays (NYSE:BCS) increases their position. Clearly, they view TLRY as one of the best stocks to buy in 2019, and they're putting their money where their mouth is. Canopy Growth (CGC)The prior two months have not been for Canopy Growth (NYSE:CGC). Taking a similar route to most other marijuana stocks, CGC dropped 26% in October. The following November appeared promising, building off a sharp burst of momentum. Unfortunately, the rally lost traction and CGC ended up losing double-digits for the month.But what I like about Canopy Growth is that true to its name, it's a steady grower. Despite the recent sharp losses, its longer-term bullish trend channel remains intact. I wouldn't consider hitting the panic button unless shares started to decisively fall below the $25 level. That said, I think the broader fundamentals favor CGC stock. * 10 High-Yield Monthly Dividend Stocks Tilray has a financial institution backing it. For Canopy Growth, they have alcoholic-beverages maker Constellation Brands (NYSE:STZ). This is a trend that investors, even the skeptical ones, shouldn't ignore. Big money is increasingly stepping into the cannabis sector, making CGC one of the best stocks to buy despite its well-publicized setbacks. Cronos Group (CRON)While most marijuana stocks have struggled to rekindle their prior catalysts, Cronos Group (NASDAQ:CRON) currently stands above the competition. For the month so far, CRON stock has streaked to an amazing 39% lead. Of course, most of that optimism comes courtesy of Altria Group (NYSE:MO).The iconic tobacco company made headlines when it announced a partnership with Cronos. The deal, worth $1.8 billion, provides CRON with a boatload of cash to further develop its cannabinoid (CBD) products. On the other side of the fence, Altria needs something fresh to reinvigorate its traditional tobacco business.A key long-term synergy could be the vaporizer market. Vaping CBD e-liquids have taken off in terms of popularity. Altria has attempted to break into the vaporizer market with its own heat-not-burn tobacco products. But with Cronos' expertise in CBD, Altria has another angle in this sector to work.In the meantime, feel free to put CRON in your list of best stocks to buy for next year. Aurora Cannabis (ACB)Aurora Cannabis (NYSE:ACB) has suffered a disjointed long-term performance in the markets, even compared to other marijuana stocks. In 2017, ACB stock shot from near-obscurity to the toast of Wall Street. This year, ACB has shown flashes of brilliance, but little to show for it overall.I expect the cannabis sector to wake from its slumber. When it does, the currently embattled ACB has the potential to become one of the best stocks to buy for 2019. The markets really haven't responded positively to Aurora's buyout of Farmacias Magistrales. Farmacias made news when it became the first, and so far only Mexican importer of raw materials that contain the psychoactive component THC. * 7 Dividend Stocks Already Rewarding Shareholders In 2019 The buyout allows Aurora a viable channel to Latin America's medical-marijuana market. In addition to Farmacias, ACB has operations in Colombia and Uruguay. Should the industry establish medical breakthroughs in Latin America, advocates will pressure the U.S. to further loosen federal cannabis restrictions. Auxly Cannabis (CBWTF)One of the most common misconceptions is that legal-cannabis advocates are only "fronting" to get high. While that use is unavoidable, the botanical industry has several legitimate applications. On the business aspect, several investors assume that all cannabis companies focus on growing weed.But as Auxly Cannabis (OTCMKTS:CBWTF) demonstrates, marijuana stocks feature the same vibrancy and dynamism as other commodity related investments. Auxly specializes in all areas of the legal-cannabis supply chain, with a primary focus on upstream operations. This involves partnering with companies that grow the actual product.In addition, CBWTF levers a viable midstream operation. This includes activities such as extraction, processing and branding. It also involves longer-term efforts like research and development.The biggest advantage for CBWTF to pull this streaming business off is its balance sheet. With a favorable cash-to-debt ratio, Auxly can make key acquisitions and investments while the cannabis market is still young. Origin House (ORHOF)Formerly known as CannaRoyalty, Origin House (OTCMKTS:ORHOF) is another cannabis firm that made its name through streaming businesses. And while it still generates some revenue through its initial line of work, ORHOF has become a powerhouse in branding.The proof is in its utter domination of California. Unbeknownst to me prior to this write-up, the Golden State is the world's largest legal cannabis market. With a title like that, it's a wonder how anything gets done around here. Joking aside, Origin House boasts more than 450 California-based dispensaries and more than 50 popular brands. * 7 Emerging Market Stocks to Buy on This Dip In other words, if you can make it in California, you can make it anywhere. This bodes very well for ORHOF stock. Last month's midterm elections proved that legal weed is gaining serious momentum. Inevitably, more recreational markets will open, allowing Origin House to expand its dominating presence. Marimed (MRMD)Let's face facts: Marijuana stocks don't exactly have the greatest reputation for stability. That goes five-fold for over-the-counter offerings. One notable exception to this rule is Marimed (OTCMKTS:MRMD).While other sector players hemorrhaged severely during the October rout, MRMD stock actually enjoyed a standout performance, gaining nearly 19%. That said, Marimed eventually gave up those gains and then some. Since the first of November, MRMD is down a little over 17%.Still, I think it's fair to say that compared against other marijuana stocks to buy, Marimed has held up well. Heading into the new year, MRMD has the potential to turn heads.Its biggest advantage is its highly demanded consultation services. Covering everything from licensing application support to facilities management, MRMD provides relevant and critical insights for budding entrepreneurs. Plus in my opinion, Marimed levers one of the brightest and well-rounded leadership teams in the marijuana industry. Medmen Enterprises (MMNFF)Marijuana retail outfit Medmen Enterprises (OTCMKTS:MMNFF) suddenly became one of the best stocks to buy in botany around mid-October. Within a matter of days, MMNFF stock skyrocketed over 60%. But like most over-the-counter affairs, Medmen gave up its profits just as quickly.Since its peak closing price, MMNFF stock has dropped a humbling 53%. I get that most investors will balk at such volatility. However, for the speculator, I sense serious growth opportunities for Medmen.The company has established itself as a retailer of premium cannabis products. Yet many investors may not appreciate that Medmen is a vertically integrated organization. From its upstream production operation down to extraction, branding and distribution, Medmen essentially controls its supply chain. This is a "farm-to-bong" business at its finest. * 5 Cheap ETFs Worth Considering As Medmen CEO Adam Bierman stated recently, this structure affords the company generous margin-expansion possibilities. Further, the aforementioned high-profile deals only help validate smaller players like MMNFF stock. Aleafia Health (ALEAF)Broader and sector weakness has hurt virtually all marijuana stocks. However, the lesser-known names have experienced disproportionate pain. Unfortunately, this is something that Canadian cannabis firm Aleafia Health (OTCMKTS:ALEAF) knows all too well.But despite its severe market loss over the past two-and-a-half months, ALEAF stock offers a speculative opportunity for risk-takers. For starters, the underlying company features the largest network of referral-only medical cannabis clinics in Canada. Furthermore, their patient base continues to increase as the industry gains social recognition and acceptance.Management has also invested heavily in cultivation facilities, targeting an annual growing capacity of 98,000 kilograms in 2019. Most importantly, Aleafia has the substance to back up the outlook. In its most recent third-quarter earnings report, the company increased revenue 36% year-over-year. Diego Pellicer Worldwide (DPWW)We've arrived at the end of our journey regarding marijuana stocks to buy in 2019. In keeping with my loose tradition, I like to throw in an extremely speculative name. And don't roll your eyes at me: you know you want to know!The following idea comes from an InvestorPlace reader named Anthony. He asked my opinion regarding Diego Pellicer Worldwide (OTCMKTS:DPWW). My answer to him is the same one I'm giving to you, which is that DPWW stock is extremely risky. Aside from its distressingly low trading volume and market capitalization, Diego Pellicer lacks financial strength to convincingly pull off its licensing and royalties business model.However, I'm intrigued with its premium branding business. Not that I would know, but Diego Pellicer specializes in high-class cannabis products. As companies like Origin House and Medmen have proven, cannabis users eschew quantity for quality. That could lead to a surprising turnaround for DPWW stock. * 3 Market-Leading Stocks to Buy With Red on the Street Or you can lose every cent that you put in.As of this writing, Josh Enomoto is long MRMD and ALEAF. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks That Should Be Worried About a Data Dividend * 5 Cheap ETFs Worth Considering * 7 Cheap Stocks Under $5 That Could Soar Compare Brokers The post 10 Top Pot Stocks 2019 Has to Offer appeared first on InvestorPlace.
A long-acting injection treatment for HIV, administered only once a month, has proved to be as effective as a daily tablet at suppressing the virus, potentially offering a less toxic alternative for patients who may need to be on medication for decades. ’s HIV division, found its injectable, two-drug regimen of cabotegravir and rilpivirine had similar efficacy to a daily oral treatment consisting of three different drugs. If approved by regulators, GSK hopes the medicine could boost its share of the $28bn-a-year market for HIV treatment.
Gilead Sciences, Inc. today announced data from two studies evaluating the resistance profile of Biktarvy® in virologically suppressed adults switching from dolutegravir/abacavir/lamivudine or a boosted protease inhibitor -based regimen for the treatment of HIV-1.
Gilead Sciences, Inc. (GILD) today announced 48-week results from a Phase 2/3 study (Study GS-US-380-1474) evaluating the efficacy and safety of Biktarvy® (bictegravir 50 mg/emtricitabine 200 mg/tenofovir alafenamide 25 mg tablets, BIC/FTC/TAF), a once-daily single tablet regimen, in virologically suppressed adolescents and children at least 6 years of age who are living with HIV. Through Week 48, Biktarvy maintained high rates of virologic suppression with a low incidence of study drug-related adverse events and no treatment-emergent resistance. “These findings indicate that Biktarvy, an oral single-tablet regimen that can be taken with or without food, has the potential to be an effective and well-tolerated treatment option for some children and adolescents living with HIV,” said Aditya H. Gaur, MD, Clinical Director, Department of Infectious Diseases at St. Jude Children’s Research Hospital and lead study investigator.
Gilead Sciences, Inc. (GILD) today announced results from the DISCOVER trial, a two-year Phase 3 randomized, controlled, double-blind study evaluating the safety and efficacy of the investigational use of once-daily Descovy® (emtricitabine 200 mg and tenofovir alafenamide 25mg) for HIV pre-exposure prophylaxis (PrEP), compared with Truvada® (emtricitabine 200 mg and tenofovir disoproxil fumarate 300 mg), in men who have sex with men and transgender women at risk for sexually acquired HIV infection. In a late-breaker oral abstract presented today at the Conference on Retroviruses and Opportunistic Infections (CROI) in Seattle, 5,387 study participants were randomized in a 1:1 ratio and received either Descovy or Truvada.
The story of Gilead Sciences (GILD) is similar to that of any successful biotechnology company unable to sustain its excessively high valuation. Warning! GuruFocus has detected 3 Warning Signs with GILD. During its most recent earnings call (for the fourth quarter of 2018), the company reported revenues of $5.8 billion, representing a year-on-year decrease of 2.5%, but beating analyst expectations by $280 million.
Gilead's new CEO must find a new leader of the Foster City-based company's cancer franchise — an area Gilead has identified as key to its growth.