Gilead 
                  and Tibotec To Develop New Combo Pill 
                  
                  
                     
                      | SUMMARY Gilead Sciences and Tibotec Pharmaceuticals announced 
                        a collaboration to develop a fixed-dose combination pill 
                        containing the protease inhibitor darunavir (Prezista) 
                        plus the novel boosting agent cobicistat.
 | 
                  
                  Cobicistat 
                    is an experimental booster, or pharmacoenhancer, that does 
                    not have anti-HIV activity itself. Cobicistat is also included 
                    in the investigational single-tablet regimen "Quad" 
                    pill containing elvitegravir (a new integrase inhibitor) 
                    plus tenofovir/emtricitabine (the drugs in Truvada).
                  Below 
                    is an edited excerpt from a press release issued last week 
                    by Gilead; the full release is available online at 
                    http://investors.gilead.com. Tibotec issued a similar 
                    announcement the same day, available at http://www.investor.jnj.com.
                  Gilead 
                    Sciences Announces Agreement With 
                    Tibotec Pharmaceuticals to Develop and Commercialize 
                    a New Fixed-Dose Combination of Cobicistat and Prezista
                   Foster 
                    City, CA -- June 28, 2011 -- Gilead Sciences, Inc. (Nasdaq:GILD) 
                    today announced that it has entered into a license agreement 
                    with Tibotec Pharmaceuticals for the development and commercialization 
                    of a new fixed-dose antiretroviral combination product containing 
                    Gilead's cobicistat and Tibotec's protease inhibitor Prezista 
                    (darunavir). Cobicistat is an investigational pharmacoenhancing 
                    or "boosting" agent that increases blood levels 
                    of certain HIV medicines to allow for once-daily dosing. Prezista 
                    is indicated in the United States for the treatment of HIV-infected 
                    individuals and is co-administered with ritonavir in combination 
                    with other antiretroviral agents.
Foster 
                    City, CA -- June 28, 2011 -- Gilead Sciences, Inc. (Nasdaq:GILD) 
                    today announced that it has entered into a license agreement 
                    with Tibotec Pharmaceuticals for the development and commercialization 
                    of a new fixed-dose antiretroviral combination product containing 
                    Gilead's cobicistat and Tibotec's protease inhibitor Prezista 
                    (darunavir). Cobicistat is an investigational pharmacoenhancing 
                    or "boosting" agent that increases blood levels 
                    of certain HIV medicines to allow for once-daily dosing. Prezista 
                    is indicated in the United States for the treatment of HIV-infected 
                    individuals and is co-administered with ritonavir in combination 
                    with other antiretroviral agents.
                    
                    "Cobicistat's formulation and clinical profile provides 
                    us with the flexibility to co-formulate and develop new combination 
                    products, including the potential to co-formulate with protease 
                    inhibitors such as Prezista," said Norbert W. Bischofberger, 
                    PhD, Gilead's Executive Vice President, Research and Development 
                    and Chief Scientific Officer. "This agreement represents 
                    another important step forward in our commitment to developing 
                    simplified treatment regimens that can help address the individual 
                    needs of people living with HIV."
                    
                    Subject to regulatory approval, Tibotec will be responsible 
                    for the formulation, manufacturing, registration, distribution 
                    and commercialization of the cobicistat and Prezista fixed-dose 
                    combination worldwide. Gilead retains sole rights for the 
                    manufacture, development and commercialization of cobicistat 
                    as a stand-alone product and for use in combination with other 
                    agents.
                    
                    In connection with this agreement, the companies are also 
                    negotiating terms for the development and commercialization 
                    of a future single-tablet regimen (STR) combining Prezista 
                    with Gilead's Emtriva (emtricitabine), which is approved for 
                    the treatment of HIV infection on a worldwide basis, and its 
                    investigational agents GS 7340 and cobicistat. Gilead would 
                    be responsible for the development and commercialization of 
                    the new STR on a worldwide basis. The agreement to develop 
                    the fixed-dose combination of cobicistat and Prezista iscontingent 
                    uponthe signing of the agreement to develop the Emtriva, GS 
                    7340, cobicistat and Prezista STR.
                    
                    About Cobicistat
                    
                    Gilead is evaluating cobicistat in a pivotal Phase III program, 
                    both as a stand-alone boosting agent for protease inhibitors, 
                    in this case with once-daily atazanavir, as well as part of 
                    the all Gilead investigational fixed-dose single-tablet "Quad" 
                    regimen of elvitegravir, cobicistat and Truvada (emtricitabine/tenofovir 
                    disoproxil fumarate) for the treatment of HIV infection.
                    
                    Cobicistat is Gilead's proprietary potent mechanism-based 
                    inhibitor of cytochrome P450 3A (CYP3A), an enzyme that metabolizes 
                    drugs in the body.
                    
                    About GS 7340
                    
                    GS 7340, Gilead's investigational anti-HIV agent in Phase 
                    Ib studies, is a prodrug of tenofovir, the active agent in 
                    the company's HIV drug Viread (tenofovir disoproxil fumarate). 
                    A GS 7340/Emtriva tablet has been developed and entered a 
                    human bioavailability study earlier this year.
                    
                    Cobicistat and GS 7340 are investigational products and have 
                    not yet been determined safe or efficacious in humans.
                    
                    About Gilead Sciences
                    
                     Gilead 
                    Sciences is a biopharmaceutical company that discovers, develops 
                    and commercializes innovative therapeutics in areas of unmet 
                    medical need. The company's mission is to advance the care 
                    of patients suffering from life-threatening diseases worldwide. 
                    Headquartered in Foster City, California, Gilead has operations 
                    in North America, Europe and Asia Pacific.
Gilead 
                    Sciences is a biopharmaceutical company that discovers, develops 
                    and commercializes innovative therapeutics in areas of unmet 
                    medical need. The company's mission is to advance the care 
                    of patients suffering from life-threatening diseases worldwide. 
                    Headquartered in Foster City, California, Gilead has operations 
                    in North America, Europe and Asia Pacific.
                    
                    7/5/11
                  Sources
                     
                     
                  Gilead 
                    Sciences. Gilead Sciences Announces Agreement With Tibotec 
                    Pharmaceuticals to Develop and Commercialize a New Fixed-Dose 
                    Combination of Cobicistat and Prezista. Press 
                    release. June 28, 2011.
                  Tibotec 
                    Pharmaceuticals. Tibotec Pharmaceuticals announces agreement 
                    with Gilead Sciences to Develop and Commercialize a New Fixed-Dose 
                    Combination of Prezista and Cobicistat. Press 
                    release. June 28, 2011.