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BTCC / BTCC Square / Global Cryptocurrency /
Gilead Sciences Stock Dips as CVS Rejects HIV Prevention Drug

Gilead Sciences Stock Dips as CVS Rejects HIV Prevention Drug

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-08-21 16:38:02
0
BTCCSquare news:

Gilead Sciences shares fell 1% after CVS Health declined to include its new HIV prevention drug, Yeztugo, in commercial plans. The decision, based on clinical, financial, and regulatory factors, marks a setback despite FDA approval in June.

Yeztugo, an injectable treatment for HIV prevention, showed 99.9% efficacy in trials. Gilead had hailed its approval as a historic milestone, but CVS's refusal to cover it under ACA formularies dampens near-term prospects.

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