Forbes: Gilead-Kite: A Breakthrough. A $12 Billion Deal.

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November 14, 2017
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Forbes: Gilead-Kite: A Breakthrough. A $12 Billion Deal.

Gilead Sciences, the leading maker of drugs for HIV and hepatitis C, made an expensive and gutsy move into the cutting edge of cancer treatment this morning, spending $11.9 billion in cash to buy Kite Pharma, the developer of a treatment that attacks tumors by genetically modifying patients’ own white blood cells.

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