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Stock impact report

Gilead Eyes $2.2 Billion Autoimmune Push With Ouro Deal [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
Gilead Sciences ( NASDAQ:GILD ) shares were unchanged in premarket after the company agreed to acquire autoimmune biotech Ouro Medicines for up to $2.2 billion, including roughly $1.7 billion upfront and $500 million in milestone payments, as it ramps up dealmaking following a period of relative inactivity. The move comes shortly after its $7.8 billion acquisition of Arcellx. The deal adds an early-stage T-cell engager therapy targeting autoimmune diseases, described by analysts as a pipeline-in-a-product opportunity with potential applications across multiple conditions. Ouro's lead drug is currently being tested across four autoimmune indications and may also extend into oncology, broadening its strategic relevance. The acquisition pushes Gilead, best known for HIV franchises such as Biktarvy, further into autoimmune disease, expanding beyond its core therapeutic focus. Shares have risen 28% over the past year, supporting a market value of about $170 billion. Recommended Stor Show less Read more
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