Gilead Plans to Acquire Cancer Cell Therapy Company Arcellx for $7.8 Billion

On February 23, Gilead Sciences announced plans to acquire cancer cell therapy company Arcellx for $7.8 billion. Following the announcement, Arcellx’s stock price surged nearly 80%. Previously, Gilead Sciences’ subsidiary Kite Pharma had partnered with Arcellx to jointly develop and sell an experimental CAR-T therapy for multiple myeloma. (Yicai Global)

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