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MarketWatch 10/07/2019 08:40
Gilead Sciences Inc. said Monday it named Merdad Parsey its chief medical officer, effective Nov. 1. Parsey was most recently a senior vice president of early clinical development at Roche Holding AG's Genentech Inc. Merdad will report directly to Chief Executive Daniel O'Day. The biopharmaceutical company's stock, which eased 0.3% in light premarket trading, is little changed year to date through Friday, while the iShares Nasdaq Biotechnology ETF has gained 3.2% and the S&P 500 has advanced 17.8%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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