Gilead Sciences Inc.’s efforts to build out its immuno-oncology business continued with the company’s 2 March bid to acquire Forty Seven Inc. for roughly $4.9bn, bringing in that firm’s potential first-in-class anti-CD47 candidate magrolimab – although some analysts question whether the deal offers as much upside as the company claims.
Gilead Calls Forty Seven Buyout Complementary To Kite, Other IO Efforts
Gilead will pay $4.9bn to acquire Forty Seven and its potential first-in-class anti-CD47 agent magrolimab. A fast-track development effort in myelodysplastic syndrome will be the initial focus for that asset.
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