Seeking Alpha

Deutsche still bullish on Gilead after Sovaldi launch

  • Deutsche Bank is out with some commentary on Gilead (GILD -0.6%) two weeks into the Sovaldi launch.
  • IMS data reportedly show 834 new patient starts as of the week ending December 20.
  • "Assuming new starts increasing to 1000/wk by end of the year and gross to net of 15%, we [calculate] Q4 sales at $61M. If new starts rise to 2000/wk by year end, assuming a gross to net of 15%, we [calculate] Q4 sales at $98M," analyst Robyn Karnauskas notes.
  • Buy rating maintained.
  • Price target is $95.
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