Gilead’s Hep C Revenue Slips As Competition Increases And Pricing Pressure Mounts
In other news, many children who have hepatitis C are not getting treatment because they don't realize they have the disease, and inmates file a lawsuit alleging the Tennessee Department of Correction is denying them hep C treatment because the best available medication is too expensive.
The Wall Street Journal:
Gilead Sales Of Hepatitis C Drugs Fall 19%
Gilead Sciences Inc. said its revenue from its hepatitis C drugs continued to fall, dropping 19% during the second quarter, with sales of Harvoni missing expectations as competition from rival drugs and pricing pressures intensified. Shares of the company slipped 3% to $85.90 after hours. The Foster City, Calif., biopharmaceutical company also lowered its 2016 product sales outlook to $29.5 billion to $30.5 billion, from its previous estimate for products sales of $30 billion to $31 billion. (Stynes, 7/25)
NPR:
Children Exposed To Hepatitis C May Be Missing Out On Treatment
Several times a month, Jessica Wen, a pediatrician specializing in liver diseases, has a teenager show up at her clinic at the Children's Hospital of Philadelphia with an unexpected diagnosis: hepatitis C. Hepatitis C virus, or HCV, is the most common bloodborne infection in the U.S. and a leading cause of liver failure and cancer. Injection drug use is a common risk factor, as is receiving a blood transfusion before 1992. But some of the teens Wen sees picked up the illness another way: at birth, from their mothers. (Gordon, 7/26)
The Tennessean:
Inmates With Hepatitis C Sue Tennessee Prison Officials For Treatment
Tennessee inmates infected with hepatitis C filed a federal lawsuit against state prison officials late Monday, asking the court to force the state to start treating all inmates who have the potentially deadly disease. The lawsuit, filed by attorneys with the American Civil Liberties Union and other advocates in U.S. District Court in Nashville, says the Tennessee Department of Correction officials knowingly denying inmates care for their hepatitis C, also known as HCV, constitutes cruel and unusual punishment. (Boucher, 7/25)