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Gilead Sciences to Buy Ouro Medicines, Collaborate With Galapagos on Purchased Assets
Gilead Sciences plans to acquire Ouro Medicines, a developer of autoimmune-disease therapies, for up to about $2.18 billion. The deal includes $1.68 billion in cash upfront and up to $500 million in contingent milestone payments. Gilead will also collaborate with Galapagos to develop the acquired assets, bolstering its inflammation portfolio.