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Gilead To Let Kite Fly Free; O’Day Says It Will Become Separate Business Unit

 
• By Joseph Haas

On his first earnings call, the new CEO said he wanted to make a quick decision on Kite, which will have its own CEO and autonomy. The unit's Yescarta posted 19% sequential revenue growth.

Businessman's hand showing diagram on financial report with pen. Business background 03 - Image
Gilead reported its first quarter 2019 financials on 2 May

Saying he wanted to “make some swift decisions here,” new Gilead Sciences Inc. CEO Daniel O’Day told the company’s first quarter 2019 earnings call on 2 May that Kite Pharma Inc. will become a separate business unit of the company with its own CEO, for whom a search effort is under way.

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