News | News By Subject | News by Disease News By Date | Search News
Get Our FREE
Industry eNewsletter
email:    
   

Pressure for Gilead (GILD) to Make a Deal Grows as Its Q4 Earnings Spook Investors



2/8/2017 5:58:34 AM

  Life Sciences Jobs  
  • Newest Jobs - Last 24 Hours
  • California Jobs
  • Massachusetts Jobs
  • New Jersey Jobs
  • Maryland Jobs
  • Washington Jobs
  View More Jobs
Gilead’s hep C business is getting shredded by growing competition and discount prices. Next year the company expects to see its $14.8 billion in 2016 hep C revenue melt down to $7.5 billion to $9 billion. And the rapid disintegration is building pressure on the big biotech to finally get down to business and use its considerable financial reserves for some M&A and major dealmaking.

Of course, that’s been said before. Analysts have been urging Gilead to get ambitious on the business development side of things for the past two years. 2017, though, may prove to be a year that Gilead’s path to whipping up some excitement for its future lies almost solely in new acquisitions.

Read at News Release
Read at Seeking Alpha
Read at The Street.com
Read at Market Watch


comments powered by Disqus
   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES