PFNLive
Gilead Bolsters Cancer Drug Portfolio in $510M Buyout of YM Bio
Published: Wednesday, December 12th 2012

(Fierce) - Gilead Sciences ($GILD) wants a bigger stake in the massive cancer drugs business, building on the Foster City, CA-based company's large footprint in anti-HIV and virology treatments. And today the major drugmaker announced a $510 million cash buyout of Canada's YM BioSciences ($YMI) in a deal that includes a lead JAK inhibitor candidate for combatting blood diseases.

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