Gilead Stock Gets FDA Nod, But Investors Face Hurdle
Gilead Sciences will get its first U.S. session move on Hepcludex Tuesday, after winning FDA approval as the first chronic hepatitis delta virus treatment. The stock was last at $134.36, with markets shut Monday for Memorial Day. Timing is key here. Gilead is working to show growth outside its main HIV business as it leans on new liver-disease and cancer drugs to make up for shrinking sales in older drugs and costs from recent acquisitions.