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- Gilead Sciences (NASDAQ:GILD) has accomplished its $4.3B acquisition of CymaBay Therapeutics (NASDAQ:CBAY).
- Nonetheless, the biopharma mentioned that the transaction shall be thought-about an asset acquisition and scale back the corporate’s GAAP and non-GAAP 2024 EPS by roughly $3.10 – $3.20.
- As well as, attributable to acquisition prices, related working bills and decrease curiosity revenue, Gilead expects the deal will scale back its GAAP and non-GAAP 2024 EPS by roughly $3.35 – $3.45 relative to the complete 12 months 2024 steerage launched in early February.
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