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Revenue growth for the quarter and full year was primarily due to the launch of Veklury (remdesivir).
February 9, 2021
By: Kristin Brooks
Managing Editor, Contract Pharma
Gilead 4Q Revenues: $7.4 billion (+26%) 4Q Earnings: $1.5 billion (-43%) YTD Revenues: $24.7 billion (+10%) YTD Earnings: $123 million (earnings were $5.4 billion FY19) Comments: Revenue growth for the quarter and full year was primarily due to the launch of Veklury (remdesivir) in 2020. Product sales excluding Veklury for the quarter and full year 2020 decreased 7% and 3%, respectively, due to the continued effects of COVID-19 on Gilead’s HIV and hepatitis C virus franchises, as well as th...
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