Gilead Exec Says Co Will Will Continue To Look At Smaller Deals Worth "Mid-Single-Digit Billions" On Average Every Few Years
Portfolio Pulse from Benzinga Newsdesk
Gilead Sciences plans to pursue smaller acquisitions worth 'mid-single-digit billions' on average every few years, as stated by a company executive at the Goldman Sachs conference.
June 12, 2024 | 6:04 pm
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Gilead Sciences plans to focus on smaller acquisitions worth 'mid-single-digit billions' every few years, which could lead to strategic growth and diversification.
The announcement indicates a strategic approach to growth through smaller, manageable acquisitions. This could lead to steady expansion and diversification, positively impacting Gilead's stock price in the short term.
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