Gilead Still Sees Strong Demand Despite Weaker HIV Product Sales

Setback For Magrolimab In Hematology

 
• By Alaric DeArment
  
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The drug maker said channel mix was behind a year-over-year decline in HIV product sales, while competition and capacity constraints weighed on cell therapy sales growth.

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Gilead Sciences Inc. pointed the finger at lower realized price due to channel mix as the culprit behind a slight decline in HIV product sales in the fourth quarter of 2023, emphasizing that demand nevertheless remains high and that sales still increased for the full year. Meanwhile, cell therapy faced competition and capacity constraints, the company said, as analysts noted that sales in that segment came in lighter than expected.

The Foster City, CA-based biotech announced its fourth quarter and full year 2023 earnings on 6 February, with product sales...

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