Drug pricing concerns? Not at Gilead

Jan 5, 2015

After drug pricing concerns weighed on Gilead Sciences’ stock toward the end of December, the drugmaker has kicked off 2015 the same way it did the previous two years: by increasing prices on several products. The biotech giant raised the prices of seven of its major products by as much as 9.9 percent on Jan. 1, according to research from Cowen, which suggested investor concerns over the drugmaker’s pricing power “have been overblown.” Prices were raised for products including HIV drugs Viread and Atripla, as well as new leukemia drug Zydelig, Cowen’s Phil Nadeau wrote in a research report Monday.

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