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GSK buys HIV medicines for $1.4bn
2015-12-18 14:06:55| BBC News | Business | UK Edition
GlaxoSmithKline ends a frenetic week for the pharmaceutical sector with a $1.4bn takeover of HIV drug development assets from Bristol-Myers Squibb.
GSK to buy HIV drugs from Bristol-Myers Squibb for initial $350 million
2015-12-18 11:02:16| Biotech - Topix.net
It used to dominate the market but ViiV's 2014 sales of 1.5 billion pounds were less than a quarter of the HIV revenue generated by market leader Gilead Sciences ViiV will pay an initial $317 million to buy late-stage HIV drug candidates from Bristol-Myers, including a phase III development treatment fostemsavir, plus $33 million for its preclinical assets. HIV is often treated by mixing at least three medicines together because of the ability of the virus that causes AIDS to mutate and become drug-resistant.
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Why Gilead Is Still A Growth Stock - Focus On HIV And China, With Projections For 2016
2015-12-08 14:07:47| Biotech - Topix.net
Yet it continues to demonstrate growing earnings power from medical trends in HIV, new products in HIV and HCV, and geographic expansion. At its current valuation, I believe that Gilead Sciences is reasonably valued even if its non-HCV, non-HIV pipeline flops.
HIV infections fall over last decade, progress uneven
2015-12-07 05:59:20| Biotech - Topix.net
The rate of new HIV infections in the U.S. fell over the last decade, but progress wasn't equal for all groups, according to a new government report. Across the country, new diagnoses of HIV, the virus that causes AIDS, fell by about 20 percent between 2005 and 2014.
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New HIV infections in gay black men finally may be levelling off, as overall diagnoses fall
2015-12-07 01:53:56| Biotech - Topix.net
Overall, new cases of HIV have been falling in the United States, while the number has been growing in gay and bisexual black men. The AIDS virus is far more common in that group.
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