Gilead Sciences

Foster City biopharma company focused on HIV, liver disease and oncology

Overview

Gilead Sciences, headquartered in Foster City, California, researches, develops and commercialises medicines in HIV and AIDS, liver diseases, haematology, oncology, inflammation and respiratory diseases.[2] Its antiviral brands include Genvoya, Descovy, Odefsey, Truvada, Epclusa and Harvoni.[2] Forbes records sales of US$29.8bn, up 3.8%, and profit of US$9.2bn, a margin of about 31%, the fourth highest in this ranking.[2] With 17,000 employees, it generates around US$1.75m of sales per employee, one of the highest ratios among the top 25. Forbes notes the company was founded by Michael L. Riordan on 22 June 1987.[2] Gilead remains in sixteenth position. Its reliance on HIV medicines gives it steady revenue but limited diversification compared with the larger groups.

Gilead Sciences strengths and limitations

Strengths

  • Profit margin of about 31%
  • High sales per employee
  • Leading HIV franchise

Limitations

  • Concentrated in antivirals
  • Sales growth of 3.8%
  • Oncology business smaller than peers'

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