8-KRegulation FD

GILEAD SCIENCES, INC. 8-K Report, Regulation FD Disclosure (Jan 10, 2011)

Filed January 10, 2011For Securities:GILD

Summary

Gilead Sciences, Inc. (GILD) filed an 8-K on January 10, 2011, to disclose an amendment to its ongoing Phase III clinical study for elvitegravir, an investigational integrase inhibitor for treatment-experienced HIV patients. Following a recommendation from the FDA, the company is extending the double-blinded study period from 48 weeks to up to 96 weeks. This extension aims to gather more comprehensive safety and efficacy data from a direct comparison between two integrase inhibitors, elvitegravir and raltegravir, within a controlled, blinded setting. Importantly, Gilead stated that there are no identified issues with the current study that would warrant halting or significantly altering its design. The company also anticipates that this change will not impact the expected timelines for data availability from ongoing pivotal studies of the investigational "Quad" combination (Truvada®, elvitegravir, and cobicistat), nor the anticipated timelines for regulatory submissions for the Quad, cobicistat, or elvitegravir, assuming positive study outcomes. The filing also includes standard forward-looking statement disclaimers, highlighting potential risks and uncertainties that could affect future results and commercialization.

Key Highlights

  • 1Gilead is extending the double-blind study period for its investigational integrase inhibitor elvitegravir from 48 to 96 weeks, based on FDA recommendation.
  • 2The study amendment aims to collect more extensive safety and efficacy data from a direct comparison of elvitegravir with raltegravir.
  • 3Gilead has not encountered any issues that would lead to halting or altering the study design.
  • 4The company expects no impact on the timelines for data from pivotal studies supporting the 'Quad' combination (Truvada®, elvitegravir, cobicistat).
  • 5Regulatory submission timelines for the 'Quad', cobicistat, or elvitegravir are also not expected to be affected, pending positive study results.
  • 6The filing includes standard forward-looking statements and risk disclosures related to drug development and regulatory approvals.

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