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Gilead Sciences to Promote Low-Cost HIV Medicine in Developing World

By Chelsea Stevenson Gilead Sciences Inc. (GILD) said it plans to partner with Mylan Inc. (MYL), Ranbaxy Laboratories Ltd. (500359.BY) and Strides Arcolab Ltd. (532531.BY) to promote access to high-quality, low-cost generic versions of Gilead's HIV medicine emtricitabine in developing countries. The medicine includes single tablet regimens and fixed-dose combinations of emtricitabine co-formulated with other Gilead HIV medicines. Under the new agreement, Gilead will provide a technology transfer for the manufacture of emtricitabine as well as funding to reduce overall manufacturing costs. Emtricitabine is marked by Gilead under the name Emtriva and the fixed-dose is available under the name Truvada. But costs are an obstacle for high-volume production. More than 2.7 million patients living with HIV in developing countries are currently receiving a medicine innovated by Gilead and subsequently licensed to Indian generic partners, as part of the company's efforts to increase global access. Strides Arcolab Managing Director Arun Kumar said the partnership will also re-enforce commitments to provide affordable drugs in the tuberculosis and malaria fields. Gilead's second-quarter earnings slid last week as the company posted a double-digit increase in costs, which offset its strong revenue growth. Earlier this year, the company bought Pharmasset Inc. for more than $11 billion, expecting the company to help accelerate the development of treatments for hepatitis C. Write to Chelsea Stevenson at [email protected] Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Gilead Sciences (GILD)
DateTimeHeadline
02/21/201716:55:58Current Report Filing (8-k)
02/16/201711:30:00Gilead reçoit l'approbation au Canada d'ODEFSEY(MC) pour le...
02/16/201711:30:00Gilead Receives Approval in Canada for ODEFSEY™ for the Treatment o...
02/14/201719:00:00Gilead Announces 144-Week Data Evaluating Safety and Efficacy...
02/14/201712:54:49Statement of Changes in Beneficial Ownership (4)
02/14/201711:21:38Amended Statement of Ownership (sc 13g/a)
02/13/201718:45:00Gilead Announces Findings from New Preclinical Study Evaluating...
02/13/201718:45:00Gilead Presents New Phase 2 Data on Bictegravir, an Investigational...
02/13/201709:20:01Amended Statement of Ownership (sc 13g/a)
02/08/201717:00:00Gilead Sciences to Present at the RBC Capital Markets 2017 Global...
02/08/201716:13:44Current Report Filing (8-k)
02/08/201708:25:00Nouvelle direction pour Gilead Sciences Canada, Inc.
02/08/201708:22:00New leadership for Gilead Sciences Canada, Inc.
02/07/201717:31:00Gilead Posts Profit, Revenue Declines
02/07/201716:04:45Current Report Filing (8-k)
02/07/201716:02:00Gilead Sciences Announces 10 Percent Increase in First Quarter...
02/07/201716:01:00Gilead Sciences Announces Fourth Quarter and Full Year 2016 Financial...
02/07/201714:20:26Confidential Treatment Order (ct Order)
02/03/201717:34:24Statement of Changes in Beneficial Ownership (4)
02/03/201717:26:26Statement of Changes in Beneficial Ownership (4)

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