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RBC Comments on Gilead Sciences (GILD) Harvoni Week 1 NRx

October 24, 2014 9:40 AM EDT
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Price: $73.46 +0.27%

Rating Summary:
    24 Buy, 16 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 11 | Down: 12 | New: 43
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RBC Capital maintained an Outperform rating on Gilead Sciences (NASDAQ: GILD) with a price target of $115. Comments follow week 1 IMS scripts for Harvoni, which totaled 444 vs 151 for week1 Sovaldi. Wolters Kluwer data showed 501 new Harvoni scripts, the report noted.

Analyst Michael J. Yee said, "Initial data looks positive vs our calculations for both WK and IMS."

"Approx 30% of Sovaldi is used in GT2/3 and not applicable to Harvoni which is G1-only so apples-to-apples each week should back out ~30% of Sovaldi scripts. The "total franchise" combining Harvoni + Sovaldi NRx is 444 + 1683 = 2127, which is +16% over last week's Sovaldi NRx," he added.

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 $107.18 yesterday.



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