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US drug maker Gilead Sciences and Britain's AstraZeneca in talks for historic merger

from CBC

US drug maker Gilead Sciences and Britain's AstraZeneca in talks for historic merger CBC Shares of Gilead Sciences Inc rose as much as 3 per cent on Monday after a report said the U.S. drugmaker had been approached by Britain's AstraZeneca for a possible merger to form one of the world's largest drug companies. AstraZeneca contacted Gilead last month, but the U.S. company, which is testing its drug remdesivir as a COVID-19 treatment, was not interested in combining with another big drugmaker, Bloomberg reported. READ MORE

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