Gilead Sciences holds annual stockholders meeting

Published 08/05/2025, 22:48
©  Reuters

On Wednesday, Gilead Sciences, Inc. (NASDAQ:GILD) ($123 billion market cap) conducted its 2025 annual meeting of stockholders, with a quorum of over 1.1 billion shares represented. The biotech giant, which has delivered an impressive 57% return over the past year according to InvestingPro data, maintains a strong financial health rating. The meeting resulted in the re-election of nine directors for the upcoming year. Additionally, Ernst & Young LLP was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2025.

The stockholders approved, on an advisory basis, the compensation of the company’s Named Executive Officers. However, two stockholder proposals were not approved: one requesting the CEO pay ratio be included in executive compensation programs and another requesting an independent Board Chair policy.

Furthermore, stockholders did not approve proposals for a comprehensive human rights policy and due diligence process, nor a report on the risks of the company’s Diversity, Equity, and Inclusion (DEI) practices for contractors.

This news is based on a recent 8-K filing by Gilead Sciences with the Securities and Exchange Commission.

In other recent news, Gilead Sciences reported its first-quarter 2025 earnings, exceeding Wall Street expectations with an earnings per share (EPS) of $1.81, compared to the forecast of $1.77. However, the company’s revenue fell short, reaching $6.67 billion against the anticipated $6.78 billion. Gilead has also agreed to a $202 million settlement to resolve a civil fraud lawsuit related to alleged kickbacks paid to doctors for prescribing its HIV drugs. The U.S. Attorney’s office cited this practice as a violation of the federal False Claims Act. Additionally, Gilead is set to present new research findings at the European Association for the Study of the Liver Congress, focusing on liver disease treatments. The company is preparing for multiple product launches, including lenacapavir for PrEP. Lastly, S&P recently upgraded Gilead’s long-term debt rating, reflecting the company’s stable revenue growth and strong cash flow generation.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.