A Harvoni Vs. Olysio Price War Will Be Nonexistent: Consider Buying Gilead Now
- During the current market decline Gilead went from an intraday high of $108.97 on October 8th to an intraday low of $91.73 on October 15th, before closing at $96.16.
- Another big elephant in the room was the conference call where, in my opinion, JNJ didn't say anything specific.
- While shares of Gilead have declined significantly over the last week, the valuation still looks favorable. The stock trades at just above 11x 2014 earnings and 10x 2015 forward earnings.