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Trump Hates Them – We Love Them

A few weeks after Donald Trump was elected president of the United States, he was asked about pharmaceuticals prices. With typical rhetorical gusto, he declared, “Pharmaceutical companies are getting away with murder.” Well, my firm has been increasing our allocation to those “murderers,” and despite Mr. Trump’s comments, we are very comfortable with our positions in the […]

Gilead, Buy HIV, Get Hepatitis C for Free

A few months ago I wrote a long article about Gilead that I wanted to title “Gilead: Buy Hepatitis C, Get AIDS for free”.  Today I want to flip that title backwards and call it “Gilead, Buy HIV, Get Hepatitis C for Free.” We spent a lot of time this quarter talking to our colleagues in the […]

Gilead Sciences’ Miracle Drug Combination

It was 1986. I was a junior high school student in Soviet Russia. In political information (propaganda) class, the teacher told us that the HIV virus was killing millions of people in the U.S. Though she didn’t say it explicitly, she made it sound like HIV was a just punishment for the U.S.’s flawed economic […]