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Gilead Continues to Dominate in HIV

  • Oppenheimer & Co. Inc.
  • March 30, 2021
Key Opinion Leader Call Takeaways: HIV Therapeutic Landscape

Oppenheimer analysts recently hosted an investor call with two HIV doctors for a discussion on the current and emerging HIV treatment/prevention landscapes.

woman looking into a microscope

Their key takeaways from the call include:

  1. Although the HIV treatment/management has become more effective and straightforward, there is still much work to be done in increased testing, greater awareness, and dosing regimen.
  2. Gilead's HIV franchise (~$17B representing ~70% of its total FY2020 revenues), led by Biktarvy, should continue to grow and dominate over the next several years given the trend of persistent underlying HIV infections and treatment options making patients live longer.
  3. Gilead's oral therapy are not likely to be eroded much by injectables.
  4. PrEP (prophylaxis for HIV) is still an under-penetrated area where differentiated product profiles could drive uptake and increase awareness among at-risk patient populations.

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