Gilead Sciences (GILD): Wells Fargo Comments on Decline in Weekly Sovaldi Prescriptions
Get Alerts GILD Hot Sheet
Rating Summary:
24 Buy, 16 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
Join SI Premium – FREE
Wells Fargo analyst Brian Abrahams commented on Gilead Sciences (NASDAQ: GILD) Sovaldi scripts data following weekly numbers from IMS. Abrahams noted that May 16th week ending total Sovaldi prescriptions were 8,091, a change of 10.6% vs. last week's 9,054. New Sovaldi prescriptions were 3,445, a change of 11.5% vs. last week's 3,891.
"We had have seen new prescriptions at 3,500-3,600 scripts/week in weeks 18-22, with this week's new scrips number representing a return to that baseline from last week's ''breakout'' of 3,891 new scrips. We would continue watching trends before attributing this week's drop to secondary warehousing or insurer issues. We do expect some slowing down as the year progresses, but scripts still indicate 2014 U.S. sales could approach $9B suggesting a robust near-and long-term opportunity," said the analyst.
Wells Fargo has an Outperform rating on Gilead Sciences (NASDAQ: GILD)
For an analyst ratings summary and ratings history on Gilead Sciences click here. For more ratings news on Gilead Sciences click here.
Shares of Gilead Sciences closed at $82.90 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Citi Downgrades UBS AG (UBSG:SW) (UBS) to Neutral
- Evercore ISI Reiterates Outperform Rating on IBM (IBM), positive about potential HCP acqusition
- Morgan Stanley Downgrades ICICI Prudential Life Insurance Co Ltd. (IPRU:IN) to Equalweight
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS ViewRelated Entities
Wells FargoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!