Gilead shares are trading higher after the company announced interim results from a Phase 3 trial showing that twice-yearly Lenacapavir reduced HIV infections by 96%.
Portfolio Pulse from Benzinga Newsdesk
Gilead Sciences' shares rose following positive interim results from a Phase 3 trial of Lenacapavir, which showed a 96% reduction in HIV infections with twice-yearly administration.
September 12, 2024 | 12:38 pm
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POSITIVE IMPACT
Gilead Sciences' stock is trading higher due to positive interim results from a Phase 3 trial of Lenacapavir, demonstrating a 96% reduction in HIV infections.
The announcement of successful interim results from a Phase 3 trial is a significant milestone for Gilead Sciences, as it indicates potential for a new effective HIV treatment. This positive news is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100