Gilead to buy cancer drug developer Arcellx for up to $7.8bn
Deal comes as pharmaceutical groups rush to acquire smaller biotech firms with proven drug pipelines
Deal comes as pharmaceutical groups rush to acquire smaller biotech firms with proven drug pipelines

California-based drugmaker takes advantage of surging share price to strike takeovers after a quiet couple of years

Shares in rare disease biotech surge 26% following approach by Swiss group

A decade after exiting oncology, the UK pharma group is betting that R&D and acquisitions will help it hit sales of £40bn

Reshuffle in preparation for 2028 US patent expiry of blockbuster cancer treatment Keytruda

Gilead Sciences said on Monday it will buy cancer therapy partner Arcellx for an implied equity value of $7.8 billion.

A shortage of late-stage capital pushes the biggest prizes into US hands