Gilead’s revenue increases by 17%, driven by remdesivir sales

Maia Anderson –
Thursday, October 29th, 2020
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Gilead reported better-than-expected third quarter results Oct. 28, increased by sales of remdesivir, CNBC reported..

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Remdesivir produced $873 million in sales throughout the third quarter, primarily in the U.S., CNBC reported. Gileads total sales were $6.5 billion in the 3rd quarter, up $5.5 billion from in 2015 and greater than the $6.3 billion experts predicted..

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Remdesivir, which ended up being the very first drug to receive complete FDA approval to treat COVID-19 Oct. 22, drove Gileads income up by 17 percent from in 2015. The drugmaker has actually been offering remdesivir under the brand name Veklury..

Leaving out remdesivir, the companys total sales increased 2 percent, to $5.6 billion, compared to last years, according to CNBC..