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Gilead Sciences has entered into a definitive agreement to acquire CV Therapeutics for approximately $1.4 billion in cash through a tender offer and second-step merger.
March 12, 2009
By: Tim Wright
Editor-in-Chief, Contract Pharma
Gilead Sciences has entered into a definitive agreement to acquire CV Therapeutics for approximately $1.4 billion in cash through a tender offer and second-step merger. CV Therapeutics will become a wholly owned subsidiary of Gilead. CV Therapeutics focuses on the development of small molecule drugs for the treatment of cardiovascular diseases. In 2008, its two marketed products — Ranexa extended-release tablets for the treatment of chronic angina and Lexiscan (injection, a pharmacologic str...
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