Gilead boosts immunology pipeline with over $2 billion buyout of Ouro Medicines

Gilead Sciences announced it will acquire privately held biotech firm Ouro Medicines for over $2 billion to expand its immunology pipeline. This deal includes an upfront payment of $1.68 billion in cash and up to $500 million in milestone payments, adding Ouro’s experimental antibody drug OM336 for autoimmune conditions to Gilead’s portfolio. Gilead is also in discussions with partner Galapagos to collaborate on research and development for Ouro Medicines’ assets.

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