Gilead Potential Blockbuster Hep C Drug Wins FDA Nod

By | December 6, 2013

Scalper1 News

The Food and Drug Administration OK’d Gilead Sciences’ (GILD) hepatitis C pill Sovaldi late Friday, an expected but still key step for a drug widely seen as a mega-blockbuster. Analysts foresee a very rapid uptake, with Sovaldi sales of $1.7 billion next year and $8 billion in 2018. That would make it one of the world’s best-selling drugs. Gilead shares edged higher late Friday after closing up 1%. The drug ended up with a Scalper1 News

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