Sunday, February 25, 2024
HomeStocks NewsDrugmaker Gilead to acquire CymaBay for $4.3 billion

Drugmaker Gilead to acquire CymaBay for $4.3 billion

The deal will give Gilead access to CymaBay’s lead drug candidate called seladelpar for the treatment of primary biliary cholangitis, a type of chronic inflammatory liver disease.

CymaBay had submitted a marketing application to the U.S. Food and Drug Administration (FDA) for the drug in December.

Shares of CymaBay were halted ahead of the announcement in premarket hours.


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