During Friday’s Afternoon trade, Shares of Gilead Sciences, Inc (NASDAQ:GILD), lost -0.89% to $120.13, after China rejected the company’s patent application for its controversial hepatitis C treatment Sovaldi.
Sovaldi has received criticism due to its prohibitive costs. Priced at $1,000 a pill, the complete 12-week treatment course in the U.S. costs $84,000.
Despite the regulatory rejection, Gilead does hold the Chinese patent to the base compound for the drug, so the decision to not approve the patent does not clear the way for generic knock-offs to be sold in the country, according to Reuters.
The stock has price to sale ratio of 6.48, however, price to book ratio is 10.49. With recent decline, the year-to-date (YTD) performance reflected a 26.12% incline below last year. During the past month the stocks gain 8.68%, bringing three-month performance to 18.45% and six-month performance to 13.85%. The mean recommendation of analysts for this stock is 2.00. (where 1=Buy, 5=Sale).
Gilead Sciences, Inc., a biopharmaceutical company, discovers, develops, and commercializes medicines in areas of unmet medical need in North America, South America, Europe, and the Asia-Pacific. The company’s products comprise Stribild, Complera/Eviplera, Atripla, Truvada, Viread, Emtriva, Tybost, and Vitekta for the treatment of human immunodeficiency virus (HIV) infection in adults; and Harvoni, Sovaldi, Viread, and Hepsera products for the treatment of liver disease.
Shares of Las Vegas Sands Corp (NYSE:LVS), declined -1.55% to $53.52, during its afternoon trading session.
Sands China Ltd. has received its latest environmental accolade, earning a spot in Newsweek magazine’s Top Green Companies in the World 2015. Newsweek’s annual Green Rankings examines the world’s 500 largest publicly-traded companies, ranking them on corporate sustainability and environmental impact.
Sands China is ranked 99th globally, and is the only Macao company represented in this year’s Newsweek Green Rankings — one of the world’s most recognised assessments of corporate environmental performance. Sands China placed second globally in the list’s Hotels, Restaurants & Leisure category, and is second among the 56 companies representing Greater China.
“Sustainable operations is a central part of the thinking at Sands China,” said Mark McWhinnie, senior vice president of resort operations and development. “We are keenly aware of our responsibility to the environment, to our community and to future generations; this recognition by Newsweek is welcome confirmation of the success of our continued efforts toward environmental sustainability.”
Sands China implements numerous sustainability measures under the Sands ECO360 degree global sustainability strategy. By installing LED lights and optimising heating, ventilation and air-conditioning systems, the company saved a total of 28 million kWh of electricity in 2014 — enough to power more than 70,000 households every month. Sands China raised its waste recycling rate from 2 per cent in 2012 to 12 per cent in 2015. The company also processes its properties’ landscaping waste into compost with a wood chipping machine, and converts large volumes of waste into bio-water via innovative food waste digester machines.
In recognition of efforts such as these and others, Sands China holds several environmental awards and certifications. Among them, The Venetian® Macao’s convention and exhibition centre is ISO 20121 certified in event sustainability administration.
Sands China Ltd. is a Cayman Islands registered company and is listed on The Stock Exchange of Hong Kong Limited. Sands China is the largest operator of integrated resorts in Macao. The Company’s Sands Resorts Cotai Strip Macao is comprised of The Venetian® Macao, The Plaza™ Macao and Sands® Cotai Central. The Company also owns and operates Sands® Macao on the Macao peninsula. The Company’s integrated resorts contain a diversified mix of leisure and business attractions and transportation operations, counting large meeting and convention facilities, a wide range of restaurants, shopping malls, world-class entertainment at the Cotai Arena and The Venetian Theatre, and a high-speed Cotai Water Jet ferry service between Hong Kong and Macao. The Company’s property development projects on Cotai have the aim of transforming it into Asia’s premier entertainment and business destination. Sands China is a partner of global resort developer Las Vegas Sands Corp. (LVS).
Finally, JD.Com Inc(ADR) (NASDAQ:JD) dropped -3.51%, and is now trading at $34.39.
JD.com, Inc. (JD), China’s largest online direct sales company, declared record-breaking one-day results from its June 18 anniversary sale.
During the annual 24-hour event, which began at midnight on June 18, the company set numerous sales records, counting number of orders placed, which grew by more than 100% from last year to 15 million.
More than 60% of orders were placed via mobile on June 18, counting through JD.com’s native app, its mobile website and its Weixin (WeChat) and Mobile QQ entry points. The one-day rate of orders from mobile for JD.com’s November 11 Singles Day sales event in 2014 was 40%. The surge comes almost exactly a year after Tencent’s mobile social media platforms, Weixin and Mobile QQ, launched Level-1 access points for shopping with JD.com.
Apparel and shoes continue to be one of JD.com’s fastest growing segments, and saw the most items sold out of any product category on June 18. GAP flagship store sales on June 18 were 13-fold higher than its average daily sales volume in May. In total for the day, JD.com sold more than 8 million articles of clothing and 1.2 million pairs of shoes, following 230% growth on an annual basis during the first quarter of the year.
Another area of rapid growth was JD’s flash sales channel, which saw a 30-fold enhance in orders contrast to the company’s 2014 June 18 sale.
JD.com released the following figures for the June 18 anniversary one-day sales event:
- Over 15 million orders were placed.
- During the event, apparel and shoes recorded the largest number of orders among all product categories.
- Total sales of smart devices on June 18 were 7.5 times higher than last year’s sale.
- M Band from Xiaomi topped the smart device category, selling more than 45,000 on June 18.
- Over 60% of orders were placed via mobile on June 18.
- Order volume on JD Daojia, JD.com’s O2O platform which launched three months ago, was five-fold higher on June 18 than its normal average, setting a new one-day record.
- com’s flash sales on June 18 were 30-fold higher than during the company’s 2014 sale.
- Contrast to the May averages, for the day JD.com saw a 20-fold enhance in the sales of the personal care and cosmetics category, in addition to the mother and children’s products category.
- For the day, food sales saw a four-fold enhance over the May average.
JD.com, Inc., through its auxiliaries, operates as an online direct sales company in the People’s Republic of China. It primarily offers electronics and home appliances products; and general merchandise products, counting audio and video products, and books. The company sells its products directly to customers through its Website jd.com and mobile applications. It also provides an online marketplace for third-party sellers to sell products to customers through its Website and mobile applications; and services, such as online advertising, transaction processing, and Internet financing, in addition to offers a suite of value-added fulfillment and other services for third-party sellers. The company is headquartered in Beijing, the People’s Republic of China.
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