Dark pool activity was detected in GILD stock on January 24, 2020.

This huge dark pool order was for 2.1M shares which represents 26% of the average daily volume.

We are unable to determine if this dark pool order was a buy or sell order; however, major news was announced last week on the coronavirus front which suggests this could be a buy order.

On January 23, 2020, Bloomberg’s Jeannie Baumann reported that a possible vaccine to stop the spreading coronavirus may move into early-stage human testing in the next three months, citing Anthony Fauci, director of the NIH’s National Institute of Allergy and Infectious Diseases. In addition to pursuing a vaccine, the NIAID is also working on developing antivirals with one being remdesivir, an investigational agent Gilead Sciences has been researching to treat the Ebola virus. Source: https://news.bloomberglaw.com/pharma-and-life-sciences/coronavirus-vaccine-candidate-eyed-for-human-trials-by-april

On January 9, 2020, Gilead Sciences, Inc. (NASDAQ: GILD) announced that the company has licensed The Rockefeller University’s portfolio of broadly neutralizing antibodies (bNAbs) against HIV, including the two clinical-stage agents 3BNC117 and 10-1074. These investigational agents have potential for use in HIV long-acting therapies for treatment and prevention, as well as cure strategies.

HIV bNAbs are a class of immunotherapy agents that were originally derived from HIV-infected individuals with a strong anti-HIV immunologic response and were designed to target HIV, particularly originating from the latent viral reservoir. Initial pre-clinical and clinical research has shown that HIV bNAbs can produce an enhanced, prolonged immune response to HIV, representing a promising new approach for HIV treatment or prevention in combination with other long-acting agents, or prolonged virologic remission in the absence of antiretroviral use. This licensing agreement provides an additional pathway for innovations in Gilead’s HIV pipeline in areas of evolving and unmet medical need.

“The Rockefeller University’s broadly neutralizing HIV antibodies are well studied and have shown exceptional promise in early clinical trials,” said Diana Brainard, MD, Senior Vice President, HIV and Emerging Viruses, Gilead Sciences. “By harnessing the body’s own immune system against HIV, we seek to continue driving scientific innovation that will transform care and improve overall outcomes for all people living with HIV.”

“Our scientists have amassed an extensive body of research showing that neutralizing antibodies have the potential to transform HIV therapy for many people living with the disease,” said Jeanne Farrell, PhD, Associate Vice President for Technology Advancement at The Rockefeller University. “We are committed to ensuring that this and other promising discoveries realize their promise to impact healthcare, by partnering with commercial stewards capable of advancing academic programs into potential future products that may benefit patients.”

Under the agreement, Gilead acquires exclusive global licenses to develop and commercialize Rockefeller’s full portfolio of HIV bNAbs. Rockefeller will receive an upfront payment and is eligible to receive cumulative milestone payments, as well as royalties on net sales. Additionally, Rockefeller will retain rights to perform non-clinical and early-stage clinical research on the portfolio of HIV antibodies.

On December 24, 2019, Gilead Sciences, Inc. (Nasdaq: GILD) and Eisai Co., Ltd. (Tokyo, Japan) announced that Gilead Sciences K.K. (Tokyo, Japan) and Eisai have entered into an agreement for the distribution and co-promotion of filgotinib, an investigational, oral, selective JAK1 inhibitor, in Japan, pending regulatory approval for the treatment of rheumatoid arthritis (RA). Through this collaboration, Gilead Japan will retain responsibility for manufacturing and marketing approval of filgotinib, while Eisai will be responsible for product distribution in Japan in RA and other potential future indications. The companies will jointly commercialize the medicine if approved.

Approximately 600,000 to 1 million people are living with RA across Japan, and despite available options, many still do not experience disease remission. In the global Phase 3 FINCH studies, filgotinib demonstrated durable efficacy and safety results across multiple RA patient populations, including in people with prior inadequate response to methotrexate treatment (MTX), those who were intolerant to one or more biologic treatments and those who were MTX treatment-naïve.

“We are very pleased to announce this important new partnership with Eisai, which brings together our complementary expertise and commitment in inflammation, to deliver this important new option to patients living with inflammatory diseases in Japan,” said Luc Hermans, M.D., President and Representative Director, Gilead Japan.

“We have extensive clinical development and commercialization experience spanning more than 20 years in RA and have established a solid RA franchise in Japan,” said Hidenori Yabune, President of Eisai Japan, Senior Vice President of Eisai. “With this agreement, we look forward to contributing more to patients living with RA by adding filgotinib to our product line-up.”

Global studies investigating filgotinib in additional diseases are also underway, including the Phase 3 SELECTION trial in ulcerative colitis, the DIVERSITY Phase 3 trial in Crohn’s disease, the Phase 3 PENGUIN trials in psoriatic arthritis, as well as Phase 2 studies in uveitis and in small bowel and fistulizing Crohn’s disease.

Gilead and Galapagos NV (Mechelen, Belgium) have entered into a global collaboration for the development and commercialization of filgotinib in inflammatory indications. Filgotinib is an investigational drug whose efficacy and safety have not been established. Filgotinib is pending regulatory approval in Japan, Europe and the United States, based on global Phase 3 trials evaluating its efficacy and tolerability.

Gilead Sciences will release its fourth quarter and full year 2019 financial results on Tuesday, February 4, after the market closes.

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