Deal Watch: Gilead Grows Oncology, Inflammation Pipeline With XinThera Buy

Syneos Purchased For $7.1bn In Go-Private Deal

The XinThera deal gives Gilead multiple PARP1 and MK2 inhibitors. Also, Roche licenses a HER2 kinase inhibitor from Zion, Amgen partners with TScan in Crohn’s disease and Baxter sells the last of its biopharma operations – a CDMO business – for $4.5bn.

Deal Watch 2021
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Scrip regularly covers business development and deal making in the biopharmaceutical industry. Deal Watch is supported by deal intelligence from Biomedtracker.

Gilead Sciences, Inc. announced on 9 May that it will acquire privately held XinThera, Inc. for an undisclosed price, although the biotechnology giant said the transaction will reduce its GAAP and non-GAAP earnings per share by about $0.12 and $0.15, respectively

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