NAPSR news: Gilead reveals 2014 Q2 Report, sales soar for blockbuster drug Sovaldi

WASHINGTON - July 25, 2014 - PRLog -- With the announcement of the Gilead’s Q2 report, the company had a record breaking quarter as the total revenues increased to $6.53 billion compared to $2.77 billion for the second quarter of 2013.  Net income for the second quarter of 2014 totaled $3.66 billion, or $2.20 per diluted share compared to $772.6 million or $0.46 per diluted share for the second quarter of 2013.

Gilead’s blockbuster drug Sovaldi made an impressive contribution with sales amounting to $3.48 billion, bringing its total revenues since the beginning of the year to over $5.75 billion. Though the drug has faced criticism over its price, Gilead has come to its defense citing that Sovaldi is a lifetime treatment option that have cured patients quickly that other therapies and will also steer them from additional costs that may arise from other pricey treatment options. For instance, liver transplants and other expensive consequences of Hep C infection.

“During the second quarter, Gilead continued to make significant progress led by strong Sovaldi sales. Since December’s launch, Sovaldi has been prescribed for more than 80,000 patients in the U.S. and Europe, underscoring the medical community’s recognition of the benefits of this product,” said John C. Martin, PhD, Gilead’s Chairman and Chief Executive Officer. “We look forward to making Sovaldi available in additional countries.”

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The CNPR is a federally trademarked certification you can earn by demonstrating the necessary knowledge in pharmacology, medical terminology, physiology, and regulations for selling pharmaceuticals. The CNPR examination is dedicated to increasing the professional level of NAPSR members and to developing meaningful and ethical standards fully accepted by both its members and members of the pharmaceutical community.

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