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Gilead Sciences Inc. shares fell 4% in the extended session Monday after the pharma company said a late-stage, placebo-controlled study designed to evaluate a type of chronic liver disease drug, Selonsertib, did not meet its desired outcome without worsening the patients' condition. "While we are disappointed that the STELLAR-4 study did not achieve its primary endpoint, we remain committed to advancing therapies for patients with advanced fibrosis due to (nonalcoholic steatohepatitis), where there is a significant unmet need for effective and well-tolerated treatments," the company said in a statement. Data collected in this study "will further advance our understanding of the disease," Gilead said. Gilead had ended the regular trading day up 0.2%. 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.