Gilead Sciences Inc.’s hepatitis C cure set off a firestorm of criticism over high drug prices in 2014 that hasn’t let up since. Now an executive says the company can’t cut the product’s price because middlemen who manage drug benefits would refuse to cover it.
Category: San Mateo County, CA
Twitter, Snapchat Probed in France as Facebook Alters User Terms
French fraud watchdogs are investigating potential abusive clauses in the terms and conditions applicable for users of Twitter Inc., WhatsApp, Alphabet Inc.’s Google + and Snap Inc.’s Snapchat. Facebook Inc. was the first social platform to come under scrutiny but the Menlo Park, California-based company amended its user terms in December after the watchdogs identified several issues, Nathalie Homobono, who heads the French fraud office, known as DGCCRF, told journalists in Paris Thursday.
Gilead’s Biggest Blockbusters Are Fading Fast, Biotech Warns
Gilead Sciences Inc.’s massive hepatitis C franchise is fading, the company warned Tuesday, projecting that sales this year could be just two-thirds of what investors had been expecting. Revenue from the company’s drugs for the viral infection will be $7.5 billion to $9 billion in 2017, Gilead said in a statement.
GoPro reports 4Q loss
The San Mateo, California-based company said it had a loss of 82 cents per share. Earnings, adjusted for pretax expenses and restructuring costs, were 29 cents per share.
GoPro Stock Drops After-Hours on Fourth-Quarter Revenue Miss
GoPro stock fell almost 9% to $10 in after-hours trading on Thursday after reporting lower-than-expected revenue for the 2016 fourth quarter and guiding for weak revenue in the current quarter as well. After the market closed, the San Mateo, Calif.-based maker of action cameras said revenue rose 23.8% year-over-year to $541 million, but missed the FactSet consensus of $576 million for the period.
I tried the sushi burrito, the ‘mutant food’ San Franciscans…
” Mutant foods ” from the cronut to the ramen burger come and go, disappearing from social media as quickly as they blow up. But San Francisco’s passion for the sushi burrito refuses to die.
Veteran VC talks about which investments he’ll jump on in 2017, which …
Scott Kupor, Andreessen Horowitz managing partner, is photographed outside of his office in Menlo Park, Calif., on Tuesday, Dec. 13, 2016. After a tough slog through 2016, tech startups have reason to be optimistic heading into the new year, says Scott Kupor, managing partner of Andreessen Horowitz.
Report: Evictions increasing in Menlo Park, county
The number of “no-cause” evictions in San Mateo County rose 300 percent over a three-year period, according to a report by two legal nonprofits. The report, conducted by Legal Aid Society of San Mateo County and Community Legal Services in East Palo Alto, was funded by The San Francisco Foundation.