The active ingredient in Sovaldi, sofosbuvir, was discovered by
Pharmasset, a Princeton, N.J.-based biotech firm with fewer than 100
employees. Seeing potential,
Gilead Sciences
acquired Pharmasset in 2011 for a surprising $11 billion. The bet,
although big, has already paid off: Sovaldi sales were $8.5 billion in
the first nine months of this year.
For Gilead, a fast-growing drug company with a portfolio of
successful therapies in areas such as HIV/AIDS and oncology, Sovaldi
exemplified the kind of product most highly prized in drug discovery and
development: one that has a novel and positive impact on an intractable
disease.
Read more of this interesting review of the year in pharmaceuticals here....