Caution: Gilead’s Hepatitis study had just 25 patients enrolled, which is statistically insignificant. The study also looked at data only four weeks after the treatment was completed. Regulators usually wait 12 or 24 weeks after the treatment to confirm a patient is cured. Competition: Abbott has a cocktail of a combination of 5 drugs for hepatitis treatment. Vertex (VRTX) and Merck (MRK) have treatments that have a cure rate of up to 75%, but the failure rate is 25%. Brystol-Myers (BMY) had a drug in the works during the summer, but it failed because of safety issues. Another hepatitis drug was reportedly curing 94% of patients 12 weeks after they were treated. This is arguably a better statistic than that of Gilead’s study. Final Words: If Gilead confirms its solid results for Hepatitis C, the company’s shares will soar even higher. Investors who are cautious might want to wait for more data.
Business Section: Investing IdeasCompanies mentioned in this article are: 1. Gilead Sciences Inc. ( GILD, Earnings, Analysts, Financials): Engages in the discovery, development, and commercialization of therapeutics for the treatment of life threatening diseases worldwide. Market cap at $56.56B, most recent closing price at $74.65. 2. Vertex Pharmaceuticals Incorporated ( VRTX, Earnings, Analysts, Financials): Engages in the discovery, development, and commercialization of small molecule drugs for the treatment of serious diseases worldwide. Market cap at $8.67B, most recent closing price at $39.98. 3. Merck & Co. Inc. ( MRK, Earnings, Analysts, Financials): Provides various health solutions through its prescription medicines, vaccines, biologic therapies, animal health, and consumer care products. Market cap at $133.4B, most recent closing price at $43.88. 4. Bristol-Myers Squibb Company ( BMY, Earnings, Analysts, Financials): Develops, and delivers innovative medicines that help patients prevail over serious diseases. Market cap at $53.83B, most recent closing price at $32.61. Related Articles in this Sector:
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