Gilead to Acquire Myogen

October 26, 2006
BioPharm International Editors

Gilead Sciences, of Foster City, CA (www.gilad.com), has agreed to acquire Myogen for about $2.5 billion, a move aimed at gaining ownership of Ambrisentan, a treatment for pulmonary arterial hypertension that is in late-stage clinical trials.

Gilead Sciences, of Foster City, CA (www.gilad.com), has agreed to acquire Myogen for about $2.5 billion, a move aimed at gaining ownership of Ambrisentan, a treatment for pulmonary arterial hypertension that is in late-stage clinical trials. The drug is Myogen’s lead product candidate. Myogen expects to file a new-drug application for Ambrisentan with the FDA as early as the fourth quarter. British drug maker GlaxoSmithKline holds rights to the product outside of the US.

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