Gilead Sciences (GILD), the manufacturer of Remdesivir, which has shown effectiveness in treating COVID-19 patients, has priced the treatment at $390 per vial for public insurance subscribers and $520 for private insurance subscribers. Remdesivir was originally developed as an Ebola treatment and demonstrated a reduction in recovery time by more than 30% in clinical trials involving severe COVID-19 patients.
Accordingly, investor interest is rising not only in Gilead Sciences, which has started selling the COVID-19 treatment, but also in biotech stocks.
According to ChoiceStockUS, a specialized U.S. stock analysis service, among companies with sales volumes similar to Gilead Sciences, the company with the lowest price-to-earnings ratio (PER) is Biogen (BIIB) at 7.4 times. Gilead Sciences’ PER is 19.3 times, AbbVie (ABBV) 17.3 times, Amgen (AMGN) 19.8 times, and GlaxoSmithKline (GSK) 18.4 times.
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