YORK, Feb 3 — Gilead Sciences Inc yesterday reported a higher-than-expected fourth-quarter profit driven by strong demand for its HIV and cancer drugs, while Covid-19 antiviral Veklury had sales that were double Wall Street estimates.
While Veklury sales declined by about half in the United States and Europe as Covid hospitalisation rates fell, they tripled in other international markets. “It’s still the only antiviral indicated at the hospital level at this point,” Mercier said on a conference call with investors. “In many countries around the world, it is the treatment of choice when they decide to treat hospitalised patients.”
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