VRTX/BMY/GILD/VRUS/ITMN/IDIX: According to GILD’s 2Q10 today, the all-oral combination of GS9256 (a PI) and GS9190 (a non-nuke) is not producing adequate antiviral efficacy even when ribavirin is added to the mix.
GILD’s slip ought to be bullish for the other all-oral HCV players: VRTX, Roche/VRUS/ITMN, BMY, Boehringer Ingelheim, and IDIX.
“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”