Gilead Rises To Highest Price on Potential Drug Sales
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Gilead Sciences Inc. rose to its highest price ever on optimism over potential sales for the company’s experimental hepatitis C medications.
Gilead gained 5.7 percent to $55.15 at 4 p.m. New York time, its highest closing value since the stock first started trading in 1992. The shares of the Foster City, California-based company have more than doubled in the past 12 months.