Observers of the pharmaceutical industry got a surprise wake-up call on Sunday (7 June) with a report that AstraZeneca PLC had approached Gilead Sciences Inc. about a potential merger and spent the rest of the day weighing up the pros and cons of a deal that could create a healthcare giant worth over $230bn.
AstraZeneca Gilead Merger Intriguing But Unlikely
Bloomberg Rumor Causes A Stir
The possible creation of a pharma giant worth around $230bn of two firms who are leading the industry’s efforts to combat COVID-19 has caught the imagination but the likelihood of a match is limited.
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