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-3.62555289681347E-05 0.00029004423174549 0.000435066347618028 -0.000253788702777149 -0.0021390762091218 -0.000725110579363312 -7.25110579362693E-05 -0.00195779856428092
Stock impact report

Citi Raises Gilead (GILD) Price Target Ahead of Q1 Biopharma Preview [Yahoo! Finance]

Gilead Sciences, Inc. (GILD) 
Last gilead sciences, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.gilead.com
Company Research Source: Yahoo! Finance
On April 13, Citi analyst Geoff Meacham lifted the firm's price recommendation on Gilead Sciences, Inc. (NASDAQ:GILD) to $165 from $156. It reiterated a Buy rating on the shares. The update came as part of a broader Q1 preview in the biopharma space. On April 7, Reuters reported that Gilead said it would acquire Germany-based Tubulis GmbH for up to $5 billion, as it looks to strengthen its cancer drugs pipeline. The move adds to Gilead's recent deal activity. The company has been pushing beyond its core areas as it faces patent expiries and weaker sales from its COVID-19 treatment. With this acquisition, Gilead gains access to Tubulis' experimental drugs. These are part of a class known as antibody-drug conjugates, or ADCs, often described as “guided missiles” because they deliver chemotherapy directly to cancer cells while limiting damage to healthy tissue. Gilead will acquire all outstanding equity of Tubulis for $3.15 billion in upfront cash, payable at closing, along with up Show less Read more
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