Gilead nears deal to buy Immunomedics for more than $20 billion: Report

An acquisition of Immunomedics would add to several deals Gilead inked this year.

(Reuters) - Gilead Sciences Inc is nearing a deal to buy biopharmaceutical company Immunomedics Inc for more than $20 billion, the Wall Street Journal reported on Saturday, citing people familiar with the matter.

A deal for Immunomedics, which last month reported positive data from a late-stage study for its breast-cancer drug, could be announced Monday if not sooner, the Journal said https://www.wsj.com/articles/gilead-nears-deal-to-buy-immunomedics-for-more-than-20-billion-11599936777?mod=hp_lead_pos2.

Gilead and Immunomedics did not respond immediately to emailed requests from Reuters for comment.

 

(Reporting by Ismail Shakil in Bengaluru)


(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


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