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Biopharmaceutical company Gilead Sciences reported total revenues of approximately **** billion U.S. dollars in 2024. Product sales accounted for nearly all the company’s total worldwide revenues. 

Gilead’s HIV product portfolio

Gilead Sciences announced total product sales of around **** billion U.S. dollars in 2024, of which around ** percent were derived from its HIV division. Sales of its top HIV treatment Biktarvy generated **** billion U.S. dollars in the same year. The company continues to grow its HIV division, but there were also year-on-year sales declines for two of its top products: Genvoya and Odefsey. Gilead cannot become too reliant on its HIV division and is looking to develop new products and repurpose existing products for new indications.

Curing the COVID-19 pandemic

Drug repurposing is the process of exploring existing treatments to discover new therapeutic benefits. In the race to develop an effective treatment for COVID-19, one potential medication that has gained attention was remdesivir. Originally developed by Gilead Sciences for use against Ebola, clinical trials have shown remdesivir’s safety and efficacy in certain groups of COVID-19 patients. Especially before vaccines became available, the spotlight was on Gilead: it has seen a huge change in its market capitalization.