Skip to Main Content

Observations, lessons, and takeaways from Monday’s failure of Gilead Sciences’ (GILD) NASH drug, selonsertib.

1. In defense of Gilead, a broad swath of Wall Street’s covering analysts argued the negative outcome of the Phase 3 study was expected and therefore already baked into the biotech’s diminished stock price.

advertisement

But if everyone knew selonsertib was a zero — based on mediocre data culled from mid-stage studies — Gilead’s decision to forge ahead anyway with large and expensive late-stage clinical trials looks desperate and amateurish.

Unlock this article by subscribing to STAT+ and enjoy your first 30 days free!

GET STARTED

Comments are closed.