Kite gets wind in its sails as Gilead boosts cell therapy investment

8 December 2017

Three months after Gilead Sciences (Nasdaq: GILD) bought fellow Californian biotech Kite Pharma, the HCV specialist has bolstered its program of diversification, buying privately-held Cell Design Labs for around half a billion dollars.

Shortly after buying Kite at a valuation of nearly $12 billion, Gilead was rewarded with the second ever CAR T-cell therapy approval from the US FDA, for its Yescarta (axicabtagene ciloleucel).

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