Deutsche Banks Reports Gilead Sciences 1Q To Miss

According to Deutsche Bank, Gilead Sciences GILD 2Q looks to miss. Deutsche Bank said that IMS script trends, after begin adjusted for pricing, suggests QoQ growth is not sufficient to meet US HIV Gilead rev consensus of $950M. “Our est adjusts for patients in 1Q11 given free drug in florida temporarily (we estimate $3.6M was lost on Wellvista patients in 1Q11).” Gilead Sciences closed on Friday at $42.44.
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Posted In: Analyst ColorAnalyst RatingsBiotechnologyDeutsche BankHealth Care
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