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Gilead boosts immunology pipeline with over $2 billion buyout of Ouro Medicines
Gilead Sciences announced its acquisition of privately-held biotech firm Ouro Medicines for over $2 billion, aiming to expand its immune disorder drug pipeline. The deal includes an upfront cash payment of $1.68 billion and up to $500 million contingent on milestone achievements. This strategic move provides Gilead access to Ouro’s experimental antibody drug, OM336, currently in early-stage studies for autoimmune conditions.