- Gilead and GSK have lagged many pharma peers and both still offer attractive dividends on their rather compressed prices.
- Their profiles are not very different in terms of therapeutic areas, and their main difference is in how much revenue is at risk in the medium term.
- While GSK has a lot of its pains behind it, Gilead's troubles are more protracted despite the amazing rise of Biktarvy due to LoEs coming and a probable Veklury slowdown.
- At this moment, we'd put the incremental dollar in GSK, not Gilead, because we think that their downside is more limited with the pandemic having unambiguously hurt their business.
For further details see:
Gilead Or GlaxoSmithKline? Choices In High-Yield Pharma