Tag Archives: myl

Video: Gilead OKs Generic Sovaldi To Expand Access

Big-cap biotech and IBD 50 stock Gilead Sciences (GILD) said Monday that it’s licensing its megablockbuster hepatitis C drug Sovaldi to seven Indian generic-drug companies to improve access in 91 developing countries. Gilead’s stock fell about 2% on the stock market today. The Sovaldi licensing deal includes the big names in the Indian drug business, such as Ranbaxy Labs and Cipla, as well as U.S.-based Mylan (MYL). The drugmakers will be able to

Gilead OKs Generic Sovaldi To Expand Global Access

Big-cap biotech and IBD 50 stock Gilead Sciences (GILD) said Monday that it’s licensing its megablockbuster hepatitis C drug Sovaldi to seven Indian generic-drug companies to improve access in 91 developing countries. Gilead’s stock fell about 2% on the stock market today. The Sovaldi licensing deal includes the big names in the Indian drug business, such as Ranbaxy Labs and Cipla, as well as U.S.-based Mylan (MYL). The drugmakers will be able to

Treasury Urges Halt to Tax Inversion M&A ‘Abuse’

As American companies such as AbbVie (ABBV) and Mylan (MYL) edge closer to mergers with firms based overseas, the Obama administration is pushing for an end to inversion, a practice in which U.S. companies reincorporate abroad to reduce taxes. In a letter to four members of the House Ways and Means Committee, Treasury Secretary Jacob Lew urged lawmakers to immediately enact legislation that will “shut down this abuse of our tax system” — and make