Gilead Sciences Inc, which hired Roche veteran Daniel O'Day to be its new c...
- Gilead Sciences Inc, which hired Roche veteran Daniel O’Day to be its new chief executive, on Thursday said Kite Pharma, the cancer-focused cell therapy company it acquired in 2017, will become a separate business unit.
On an adjusted basis, Gilead said it earned $1.76 per share in the quarter, helped by share buybacks. Wall Street analysts, on average, expected $1.61, according to IBES data from Refinitiv. “Kite itself in cell therapy oncology is in an ultracompetitive area,” O’Day said. “We have a leadership position, but I think we need to maintain that.”
Gilead said first-quarter sales of Yescarta totaled $96 million, which was short of the average analyst estimate of $103 million.
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