4 ms·
Flash in the pan revenues. No company wants to have this press: Gilead Sciences Inc. will continue to feel the financial sting this year of declining revenues
by PhantomGremlin 7y ago
Flash in the pan revenues. No company wants to have this press:
Gilead Sciences Inc. will continue to feel the financial sting this year of declining revenues from its hepatitis C business, forecasting combined 2018 sales of the drugs reaching only a fifth of what the biotech recorded at the height of its commercial success three years ago.
https://www.biopharmadive.com/news/gilead-hepatitis-c-revenues-slide-fourth-quarter-earnings/516494/ https://www.biopharmadive.com/news/gilead-hepatitis-c-revenu...
Contrast a statin for Pfizer: $125 billion in sales over 14 years. Lipitor alone "provided up to a quarter of Pfizer Inc.'s annual revenue for years."
https://en.wikipedia.org/wiki/Atorvastatin#History https://en.wikipedia.org/wiki/Atorvastatin#History
- refurb 7y agoYeah, a company would certainly turn down a $10B a year drug because revenues declined after a few years! Sure it’s not as successful as Lipitor (pretty much the most successful drug ever), but it’s total sales DWARF 95% of the drugs out there.