Gilead cash pile burns hole in investors' pockets
San Francisco
IN THE drug industry's biggest-ever period for deals, one wildly successful company with a multibillion-dollar war chest has been oddly silent. So what's Gilead Sciences Inc waiting for?
Drugmakers have done US$179 billion worth of mergers and acquisitions so far this year, on pace to top last year's US$221 billion record. Gilead has stayed on the sidelines, holding US$10.6 billion in cash and equivalents. The company reports second quarter earnings on Tuesday, and M&A will be on shareholders' minds.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Jim Beam owner bets on canned vodka cocktails to double revenue
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Olam outbids Dreyfus’ sweetened deal for Australia’s Namoi, raises offer to A$0.66 per share
Cordlife served letter of demand, notice of claim from customers
IndoAgri appoints former EDB chairman Philip Yeo as chairman and lead independent director
GSK profit drops 23% in Q1 on higher costs