Green & Jigarjian LLP announces the filing of a class action lawsuit on behalf of investors in the securities of Gilead Sciences, Inc.

Green & Jigarjian LLP announces that a class action lawsuit has been commenced against Gilead Sciences, Inc., John C. Martin, John F. Milligan, Mark L. Perry, Norbert W. Bischofberger, Anthony Carraciolo, and William A. Lee. The lawsuit is pending in the United States District Court for the Northern District of California. The lawsuit was filed on behalf of purchasers of Gilead Sciences, Inc. ("Gilead" or the "Company") (NASDAQ: GILD - News) securities during the period from July 14, 2003 to October 28, 2003, inclusive (the "Class Period").

(PRWEB) November 19, 2003 --The complaint alleges that defendants falsely represented that strong sales during the second quarter of 2003 of Viread, the Company's HIV drug, were due to an increase in prescriptions and not due to inventory build-up by distributors in anticipation of a price increase. Gilead insiders sold 303,981 shares of Gilead stock in August 2003 for more than $19 million. Then, on October 28, 2003, Gilead announced that sales of Viread in the third quarter of 2003 would be materially less than expected because distributors would meet end-user demand for Viread by selling off the overstock they accumulated in the second quarter. In reaction to the news, the price of Gilead common stock plummeted, falling $7.46 in one day, from a close of $59.46 per share on October 28, 2003 to $52 per share on October 29, 2003.

If you purchased securities of Gilead Corp., between July 14, 2003 and October 28, 2003 and sustained damages, you may request that the Court appoint you as lead plaintiff, but you must do so no later than January 12, 2004. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. You may retain Green & Jigarjian LLP, or other counsel of your choice, to serve as your counsel in this action.

Green & Jigarjian LLP is a San Francisco law firm that handles class actions and complex litigation. To learn more about our national class action attorneys, visit us on the web at www.classcounsel.com. If you wish to discuss this action with us, or have any questions concerning this notice or your rights and interests with regard to the case, please contact the following attorney:

      Robert A. Jigarjian, Esq.
      235 Pine Street, 15th Floor
      San Francisco, CA 94104
      telephone: (415) 477-6700
      email: gild@classcounsel.com
###