Gilead Sciences Inc.'s $11.9bn acquisition of chimeric antigen receptor T cell (CAR-T) therapy developer Kite Pharma Inc. will make cell therapy the foundation of the company's oncology platform as it diversifies its revenue base beyond small molecule antiviral medicines.
Gilead Makes Cell Therapy The Base Of Its Oncology Platform With Kite Buy
Gilead's Kite acquisition may finally have appeased investors' thirst for a major deal with a transaction that will diversify revenue and expand its oncology portfolio.
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