What excuses does Amgen have for Repatha? No access. Well Gilead's third drug in HCV made close to $600M it's first quarter on market without strong reimbursement. In this market, they have Solvaldi and Harvoni the first 2 Gilead HCV drugs and Vierka Pak from Abbvie on market. Yet, the 4th new HCV drug is still making $600M first quarter. You wanna know what is sad, Kyprolis after 4 years on market doesn't even make $600M in a year! What this shows you is Amgen management is incompetent and Gilead may sucks balls to work at but they do know how to sell and make money. Amgen is clueless.
2. Still potential for current hepatitis C drugs
While it's the end of the road for HCV treatment development, it's certainly not the end for Gilead's current hepatitis C lineup. Yes, sales for Harvoni and Sovaldi are falling off a cliff. But Gilead still has a bright spot with Epclusa, and the company still has efforts in progress that could help its HCV franchise continue to generate significant revenue.
Epclusa made $593 million in its first full quarter on the market. That level was reached without reimbursement approval from all payers yet, although Gilead reported significant progress in gaining formulary access for its latest HCV drug. Also, while Epclusa has been launched in Germany, Sweden, Norway, Finland, and Denmark, Kevin Young said that Gilead probably won't market the drug in other European countries until the second half of 2017 after pricing and reimbursement levels are finalized.
2. Still potential for current hepatitis C drugs
While it's the end of the road for HCV treatment development, it's certainly not the end for Gilead's current hepatitis C lineup. Yes, sales for Harvoni and Sovaldi are falling off a cliff. But Gilead still has a bright spot with Epclusa, and the company still has efforts in progress that could help its HCV franchise continue to generate significant revenue.
Epclusa made $593 million in its first full quarter on the market. That level was reached without reimbursement approval from all payers yet, although Gilead reported significant progress in gaining formulary access for its latest HCV drug. Also, while Epclusa has been launched in Germany, Sweden, Norway, Finland, and Denmark, Kevin Young said that Gilead probably won't market the drug in other European countries until the second half of 2017 after pricing and reimbursement levels are finalized.