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Gilead Sciences, Inc.

Gilead Sciences is a US biopharmaceutical company specialized in the development of drugs. The corporation was established in 1987 as an organization involved in the creation of medicine against AIDS, hepatitis, influenza, and some lung diseases. Later, the company began developing medications to treat oncological diseases.

Company’s history

In 1987, Michael Riordan, a novice and unknown pharmacist at that time, founded Gilead Sciences, Inc., a pharmaceutical company. Michael Riordan set himself the aim to create an effective drug against viruses. It was not an accidental choice of the field of research. A year earlier, he suffered from dengue fever, a complex viral disease. The corporation founded by Michael Riordan quickly grew, merging with other American pharmaceutical groups and laboratories. That was Gilead Sciences that created Sovaldi, the most expensive drug in the US used to treat hepatitis C.

Today, Gilead Sciences, Inc. employs about 3,500 people. Despite the fact that the company is quite old and really successful, it brought its shares to the market only in 2013. In winter 2019, the share price reached its highest level of $70.05.

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Shares of Gilead Sciences is a promising trading instrument as the company is constantly creating and issuing new drugs, investing its profit into long-term development.