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Financial Report: Gilead

Sovaldi sales drive triple-digit growth in the quarter

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Gilead

2Q Revenues: $6.5 billion (+136%)

2Q Earnings: $3.7 billion (+375%)

YTD Revenues: $11.5 billion (+118%)

YTD Earnings: $5.9 billion (+295%)

Comments: Antiviral product sales increased to $6.0 billion in the quarter driven by sales of Sovaldi, which launched in December 2013. Complera/Eviplera sales were $299.5 million, up 59%, and Stribild sales were $269.5 million, up 171%. Atripla sales declined 7% to $870.7 million and Truvada sales were flat in the quarter. Cardiovascular product sales increased to $266.7 million, up 14% with Letairis sales of $144.7 million, and Ranexa sales of $122.0 million.

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