The FDA Issues a Stunning Rejection
In this video, health-care analyst David Williamson discusses the FDA's shocking rejection of two drugs they already approved. Gilead Sciences received a complete response letter for HIV drugs elvitegravir and cobicistat, both of which are currently components of the big biotech's quad pill Stribild.
Watch and find out why the FDA came to this conclusion, and what it means for Gilead and investors.
What macro trend was Warren Buffett referring to when he said "this is the tapeworm that's eating at American competitiveness"? Find out in our free report: "What's Really Eating at America's Competitiveness." You'll also discover an idea to profit as companies work to eradicate this efficiency-sucking tapeworm. Just click here for free, immediate access.
The article The FDA Issues a Stunning Rejection originally appeared on Fool.com.David Williamson has no position in any stocks mentioned. Follow David on Twitter: @MotleyDavid. The Motley Fool recommends Gilead Sciences. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.