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Gilead Calls Forty Seven Buyout Complementary To Kite, Other IO Efforts

 
• By Joseph Haas

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.

Business PEOPEL Assembling JIGSAW Puzzle
Forty Seven's anti-CD47 candidates add new potential to Gilead's IO pipeline

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.

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