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Gilead Sciences (NASDAQ:GILD) Makes Headlines With HIV Prevention Pill, Looks to Hepatitis Drugs for Future


Investors look to early next year when a moment of truth arrives for the biotech's hepatitis C program. Shares are trading at a record level and some analysts see the stock rising much more.

Editor's note: This article was originally published on September 14. Shares of Gilead Sciences (NASDAQ:GILD) closed at $62.02 on September 14, and closed at $67.57 on September 25, up 9%.

MINYANVILLE ORIGINAL Gilead Sciences made news this summer when US officials cleared the company's drug Truvada to be used as the first treatment for the prevention of HIV.

Truvada, a big-selling product used in patients already infected with the virus, was approved by the Food and Drug Administration in July, an event that represented a milestone in the long battle against AIDS. The move was controversial, too. The drug draws fire from those who say a preventative medicine will give high-risk individuals false hope that they won't contract HIV.

Gilead has dominated the market for HIV treatments and yet expanding the use of Truvada isn't expected to mean a great deal to the company's bottom line or Wall Street's view of the big biotech. To be sure, Gilead continues to produce promising new drugs in this area as demonstrated by the recent US approval of a four-in-one treatment called Stribild, which should improve margins for the company's HIV business. (See Five Things to Watch as Gilead Launches New HIV Drug.)
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