"Just one word-- Nucleotides" is the opening slide in the "State of the Gilead" talk by the company's founder and CEO Michael L. Riordan in July 1992, shortly after Gilead's IPO. Nucleotides have proven to be an important advance against viral infections, including HIV/AIDS, hepatitis B, and hepatitis C. Excerpts from the presentation: "Gilead's business is science." "We are only as good as our principles," "We're in this boat together." "We learn from each other." "We are receptive to the ideas of others." "Diverse personalities are accepted."

2. Presentation Slides from:
"State of the Gilead"
July 10, 1992
Outline
1.
Gilead's business is science.
2.
Finance has its ups and downs.
3.
There's a lot of competition out there.
4.
The past 12 months were stellar.
5.
The next 12 months will be hard.
6.
Our rapid growth must be disciplined.
7.
We are only as good as our principles.

3. THE GROWING GILEAD TEAM
(Est.)
January
1988
January
1989
January
1990
January
1991
January
1992
July 10,
1992
January
1993
3
12
26
37
58
92
(+8)
115

4. Cumulative Financing History
$(in millions)
140
120
.IPO
100
.Corpora te
Partner
80
60
.Ventur e
40
20
0
1988
1989
1990
1991
Year Ended March 31
1992

5. Team-work Characteristics
Attitudes
We're in this boat together
R & D is a team effort
11
Credit" is shared
We teach each other
We are receptive to the ideas of others
Diverse personalities are accepted
Abilities
Performance that warrants the respect of
colleagues
Communication: written, oral or informal
Problem solving
Practices
Accepting responsibility for yourself
Walking around
Taking risks

6. DATA
INNOVATION
TEAMWORK
AGILITY
PERSEVERANCE
INTEGRITY