Thursday, July 19, 2007

Gilead shares rise ahead of 2nd-quarter report

(Reuters) - The Swiss drugmaker earlier on Thursday reported stronger- than-expected second-quarter Tamiflu sales of $369 million as pandemic sales more than offset minimal seasonal flu sales.




"This translates into approximately $77 million in royalty revenue to Gilead in the third quarter of 2007, 26 percent higher than our estimate of $61 million," Jefferies & Co. analyst Eun Yang wrote in a research note.


Read more at Reuters.com Hot Stocks News

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