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Gilead Sciences Closes Tubulis Acquisition

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Gilead Sciences (GILD) has completed its previously announced acquisition of Germany-based Tubulis, a biotechnology company developing antibody-drug conjugates or ADCs, for $3.15 billion, Gilead said Thursday.

The transaction entitles Tubulis to up to $1.85 billion in contingent milestone payments, according to the statement.

Tubulis will remain based in Munich, Germany to establish its ADC innovation center, Gilead said.

Price: $130.53, Change: $-0.16, Percent Change: -0.12%

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