Foster City Newswire
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Gilead Sciences Inc. said the U.S. Food and Drug Administration granted a priority review of its experimental hepatitis C combination drug. The Foster City, Calif., drugmaker filed a new drug application for the treatment--a combination of the biopharmaceutical company's Sovaldi with velpatasvir--in late October. Comment?
The Foster City, Calif.-based payments network is in advanced negotiations to buy its European counterpart--Visa Europe--for about $22 billion in a deal that would unite Visa's global operations under one roof, according to people familiar with the matter. which has held sporadic talks over the years with Visa Europe, confirmed in recent months that it was moving ahead with negotiations and would try to finish the deal by the end of October. Comment?
For the year ending in July 2016, the company forecast per-share earnings of 54 cents to 63 cents and revenue of $405 million to $415 million. Analysts polled by Thomson Reuters expected per-share profit of 64 cents and revenue of $416 million. Comment?
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