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Gilead Sciences (GILD) has shared an update.
Gilead Sciences, Inc. successfully completed its acquisition of CymaBay Therapeutics, Inc., marking a significant move in the pharmaceutical industry. The deal, valued at approximately $4.3 billion, involved a tender offer where a majority of CymaBay’s shares were purchased at $32.50 each. This strategic merger is expected to enhance Gilead’s position in the market by expanding its portfolio with CymaBay’s promising therapeutic projects.
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