Gilead Sciences Inc. paid $11.9bn for Kite Pharma Inc. in a deal that closed earlier this month and will soon reap rewards from that long-awaited transaction following the Oct. 18 US FDA approval of Yescarta (axicabtagene ciloleucel), but its return on investment won't come at a market-leading price.
Gilead/Kite Pricing For Yescarta Undercuts Novartis's CAR-T Kymriah
Gilead's newly acquired CAR-T therapy Yescarta, developed by Kite Pharma, won FDA approval for certain B cell lymphomas on Oct. 18 and the company set its price $102,000 below Novartis's competing therapy Kymriah, which was approved in a small pediatric leukemia indication.
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Pipeline Watch is a weekly snapshot of selected late-stage clinical trial events and approvals announced by pharmaceutical and biotech companies at medical and industry conferences, in financial and company presentations, and in company releases and statements.
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