Meacham’s man­i­festo to Gilead: It’s time to do some­thing dra­mat­ic — buy, bag or burn

Af­ter watch­ing Gilead’s pipeline fal­ter in the sec­ond half of last year fol­lowed by a stun­ning fore­cast of rapid­ly shrink­ing rev­enue for its hep C fran­chise, Bar­clays se­nior an­a­lyst Ge­off Meacham has had it. In an un­usu­al pub­lic broad­side aimed at Gilead $GILD CEO John Mil­li­gan and his ex­ec­u­tive team, Meacham threw down the gaunt­let in an open let­ter to man­age­ment, call­ing out plays from the bleach­ers de­signed to spur the big biotech to buy some­thing and even pos­si­bly re­struc­ture if the num­bers de­te­ri­o­rate much fur­ther.

Unlock this article instantly by becoming a free subscriber.

You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.

SIGN UP LOG IN BECOME A PREMIUM SUBSCRIBER