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What's Gilead Getting From Kite For Nearly $12bn?

 
• By Mandy Jackson

The $180 per share that Gilead's paying for CAR-T maker Kite was deemed too high by some and just right by others, but the big biotech expects a lot from its new cell therapy platform.

3d illustration of T cells or cancer cells

Gilead Sciences Inc. executives enthusiastically advocated for the company's $11.9bn acquisition Kite Pharma Inc. on Aug. 28, but investors had mixed feelings about the $180-per-share price tag, despite overwhelmingly positive efficacy for Kite's lead chimeric antigen receptor T cell (CAR-T) therapy to date.

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