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Gilead and BioNTech Had a Great Year in 2020

Gilead’s peak revenue in Spain was in 2015 when the company had a turnover $1.15 billion (€978.5 million). Those figures were due to the commercialization of its hepatitis C therapies Sovaldi and Harvoni. BioNTech, the German company which has developed the COVID-19 vaccine model together with Pfizer, forecasts revenues of $18.6 billion (€15.9 billion) in sales from the COVID-19 vaccine in 2021

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In 2020, Gilead posted a turnover in Spain of $449 million (€382.7 million), 13.6% more than in the previous year, as reflected in the accounts recently presented by the company. The Spanish subsidiary’s net profit last year fell to $1.45 million (€1.24 million), compared with $2.7 million (€2.3 million) the previous year.

The context that explains these figures is the introduction in its portfolio of Veklury, a treatment against Covid-19 that was approved in 2020. The company’s worldwide data show that it had a total turnover of $2.81 billion with this drug, contributing around 11.5% of sales that year and driving revenue growth of 10% over the previous year.

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Gilead expects to bill between $2 billion and $3 billion in 2020 from the commercialization of Veklury

Gilead’s peak revenue in Spain was registered in 2015 when the company had a turnover of $1.15 billion (€978.5 million). Those figures were due to the commercialization of its hepatitis C therapies Sovaldi and Harvoni.

In 2020, Gilead also commercialized the innovative therapy Yescarta through a pay-for-results agreement set by the Ministry of Health. This treatment is based on T-cell gene therapy to treat some rare tumors. Gilead Sciences is a U.S. biotech company engaged in the research, discovery, development, and commercialization of drugs to treat diseases. The company is mainly engaged in the development of antiviral drugs to treat patients infected with HIV, hepatitis B, Covid-19, or influenza.

BioNTech expects sales of $18.6 billion (€15.9 billion) from COVID-19 vaccine in 2021

BioNTech, the German company which has developed the COVID-19 vaccine model together with Pfizer, forecasts revenues of $18.6 billion (€15.9 billion) in sales from the COVID-19 vaccine in 2021, the company said in a statement. Last year, the company posted a loss of $166.2 million (€141.7 million), but for the first six months of 2021, it posted a net profit of $4.6 billion (€3.91 billion). This turnaround in the accounts was mainly due to revenues from the coronavirus vaccine.

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The German company also managed to shoot up its turnover in 2020 to $8.63 billion (€7.36 billion). This figure is equivalent to a 106-fold increase in turnover in the previous year when it posted revenue of $81.4 million (€69.4 million).

Currently, the Pfizer-BioNTech vaccine is the most widely distributed vaccine in developed countries

Ugur Sahin, CEO and co-founder of BioNTech, stressed that, together with Pfizer, the company has surpassed “one billion doses of Covid-19 vaccine shipped worldwide; a milestone achieved in six months”. The Pfizer-BioNTech vaccine was the first to be approved in the United States and the European Union (EU) in December last year and is currently the most widely distributed vaccine in developed countries.

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(Featured image by geralt via Pixabay)

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Anthony Donaghue writes about science and technology. Keeping abreast of the latest tech developments in various sectors, he has a keen interest on startups, especially inside and outside of Silicon Valley. From time to time, he also covers agritech and biotech, as well as consumer electronics, IT, AI, and fintech, among others. He has also written about IPOs, cannabis, and investing.