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Gilead to acquire German biotech firm MYR for about 1.15 billion euros

Gilead to acquire German biotech firm MYR for about 1.15 billion euros

December 10, 2020

(Reuters) – Gilead Sciences Inc said on Thursday it will acquire German biotech company MYR GmbH for about 1.15 billion euros ($1.39 billion) in cash.

The deal, which will also include a potential future milestone payment of up to 300 million euros, will give Gilead access to Hepcludex, MYR’s treatment for chronic hepatitis delta virus, or HDV, infection.

Hepcludex was conditionally approved by the European Medicines Agency in July.

($1 = 0.8252 euros)

(Reporting by Vishwadha Chander in Bengaluru; Editing by Shounak Dasgupta)

The post Gilead to acquire German biotech firm MYR for about 1.15 billion euros first appeared on One America News Network.

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