Why Gilead Scinces Stock Tumbled on Tuesday
On some negative news about one of its investigational programs, the stock of pharmaceutical company Gilead Sciences (NASDAQ: GILD) took some hits on Tuesday. Investors traded it down by more than 2%, comparing unfavorably to the 0.6% gain of the benchmark S&P 500 (SNPINDEX: ^GSPC).
That morning, the U.S. Food and Drug Administration (FDA) ordered a halt to Gilead's testing of a two-drug combination to treat human immunodeficiency viruses (HIV), the cause of acquired immunodeficiency syndrome (AIDS).
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Source Fool.com
