Why Gilead Sciences Stock Is Trading Higher Friday
Portfolio Pulse from Dylan Berman
Gilead Sciences, Inc. (NASDAQ:GILD) stock is trading higher on Friday following the release of positive Phase 3 trial data for its HIV prevention drug, Lenacapavir. The drug showed 100% efficacy in preventing HIV in cisgender women, outperforming the once-daily oral Truvada.
June 21, 2024 | 3:36 pm
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POSITIVE IMPACT
Gilead Sciences' stock is trading higher due to positive Phase 3 trial results for its HIV prevention drug, Lenacapavir, which showed 100% efficacy in cisgender women.
The positive Phase 3 trial results for Lenacapavir, showing 100% efficacy in preventing HIV in cisgender women, are likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100