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Gilead Sciences Inc. (GILD) Has Jumped To A New High For The Year

8/2/2012 9:41 AM ET

Gilead Sciences Inc. (GILD: Quote) has gapped open sharply higher Thursday morning and is now up 4.07 at $57.70. The stock has broken out past resistance and has set a new high for the year.

Bristol-Myers Squibb (BMY: Quote) announced after the bell Wednesday that it has suspended study drug administration in an ongoing Phase II study of BMS-986094, a nucleotide polymerase inhibitor in development for the treatment of hepatitis C.

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by RTT Staff Writer

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