Replies to post #76367 on Biotech Values

[DewDiligence]

Good News and Bad News for GILD

The good news is that HHS released $780M for the ADAP (AIDS Drug Assistance Program) for the FY ending 9/30/09:

http://newsroom.hrsa.gov/releases/2009/partb.htm
http://finance.yahoo.com/news/HHS-to-Award-179-Billion-to-bw-15246745.html

Of US patients who take HIV drugs, a sizable proportion receives reimbursement through ADAP, a component of the Ryan White federal-state assistance program.

The bad news for GILD: Obama’s FY2010 budget calls for an increase in Ryan White funding of only 2%, down from the 3% increase in FY2009.