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Gilead’s Earnings: Diving Deeper Into The Numbers With $84,000 Sovaldi Drug

August 14, 2023
in Trade Tube
Reading Time: 1 min read
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Gilead released its first quarter earnings and the pharmaceuticals company did not disappoint. However, there is a lot more behind the numbers, especially with their $84,000-a-bottle Sovaldi drug. We spoke with The Street contributor Tim Mullaney on how this particular drug impacted the company’s earnings. Gilead reporting earnings of $1.48 a share on $5 billion in revenues. Sovaldi is estimated to become a $300 billion drug, as there are more than three million American with Hepatitis C.

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