Tag Archives: gild

Valeant Subpoenaed By Federal Prosecutors On Pricing

Valeant Pharmaceuticals (VRX) late Wednesday said it has received subpoenas from U.S. Attorneys in Massachusetts and the Southern District of New York related to drug pricing and how it helps patients pay for drugs. It comes as Valeant and a slew of biotechs such as Biogen (BIIB), Gilead Sciences (GILD), Amgen (AMGN) and Celgene (CELG). Valeant said in a statement: “Most of the materials requested by the subpoenas relate to documents with respect

Alexion, Vertex Steal Mo Stanley’s Eyes From Gilead

Morgan Stanley analyst Matthew Harrison downgraded Gilead Sciences (GILD) while upgrading Alexion Pharmaceuticals (ALXN) and Vertex Pharmaceuticals (VRTX), based on where he sees near-term catalysts in the current volatile market. Harrison maintained his price target of 127 on Gilead, but lowered his rating to equal-weight from overweight based on “relative attractiveness” to the other two stocks. Harrison wrote in a research note that while it’s

5 Key Drugs That Just Won EU Endorsements

The European Union’s medical advisory committee endorsed several key drugs from leading stocks Friday, making EU approval likely for some potential blockbusters: The Committee for Medicinal Products for Human Use, known by its French abbreviation, CHMP, adopted a positive opinion on Gilead Sciences ‘ (GILD) Genvoya to manage HIV infection. Genvoya is a four-drug combo pill identical to Gilead’s popular treatment Stribild, except that in place of