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Yescarta One Of Few Gilead Bright Spots, And Now It Has A Competing CAR-T

Executive Summary

Yescarta is off to a strong launch, but with US FDA approval of Novartis' Kymriah in a similar indication it now it has a competing CAR-T product with a similar label. Gilead's HCV business declined as expected, but the HIV franchise had a worse Q1 than anticipated. 

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