Gilead (GILD) Rips Following GS-7977 Update
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Price: $134.69 +3.92%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.3%
Revenue Growth %: +4.4%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.3%
Revenue Growth %: +4.4%
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Gilead Sciences (Nasdaq: GILD) is ripping pre-market Thursday following an update on its proposed treatment for genotype 1 chronic hepatitis C virus (HCV) infection, GS-7977.
According to the release, "the study found that 90 percent of patients (n=47/52, missing data equals failure analysis) achieved a 12-week sustained virologic response (SVR12), defined as maintaining undetectable viral load (HCV RNA <25 IU/mL) 12 weeks after the completion of therapy."
Shares are up over 14 percent early. For more color on the release, click here.
According to the release, "the study found that 90 percent of patients (n=47/52, missing data equals failure analysis) achieved a 12-week sustained virologic response (SVR12), defined as maintaining undetectable viral load (HCV RNA <25 IU/mL) 12 weeks after the completion of therapy."
Shares are up over 14 percent early. For more color on the release, click here.
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