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GILD reported Q2 results Thursday. The stock, which had begun underperforming the sector (IBB), dropped further, and on a weak day for biotech Friday closed down 3.9% at $69.53. After having led the sector up this year, it is now lagging IBB's total return by a few points. Let's consider some risks that GILD bears can point to.
COVID-19 hurts it more than it helps it
It can be argued that while remdesivir (Veklury in the EU) will generate some profits this year and