M&A Deal Summary

Gilead Sciences Acquires Cymabay Therapeutics

On February 12, 2024, Gilead Sciences acquired life science company Cymabay Therapeutics for 4.3B USD

Acquisition Highlights
  • This is Gilead Sciences’ 23rd transaction in the Life Science sector.
  • This is Gilead Sciences’ 5th largest (disclosed) transaction.
  • This is Gilead Sciences’ 17th transaction in the United States.
  • This is Gilead Sciences’ 8th transaction in California.

M&A Deal Summary

Date 2024-02-12
Target Cymabay Therapeutics
Sector Life Science
Buyer(s) Gilead Sciences
Deal Type Add-on Acquisition
Deal Value 4.3B USD
Advisor(s) Centerview Partners
Lazard (Financial)

Target

Cymabay Therapeutics

Newark, California, United States
Cymabay Therapeutics is a clinical-stage bio-pharmaceutical company developing breakthrough therapies addressing unmet medical needs. Cymabay Therapeutics was founded in 1988 and is based in Newark, California.

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Buyer(S) 1

Buyer

Gilead Sciences

Foster City, California, United States

Category Company
Founded 1987
Sector Life Science
Employees17,600
Revenue 28.8B USD (2024)
DESCRIPTION
Entrance to Gilead Sciences' corporate headquarters in Foster City, California.
Entrance to Gilead Sciences' corporate headquarters in Foster City, California.

Gilead Sciences is a research-based biopharmaceutical company that discovers, develops and commercializes medicines. Gilead’s primary areas of focus include human immunodeficiency virus (HIV)/AIDS, liver diseases such as hepatitis B and C and serious cardiovascular/metabolic and respiratory conditions. Gilead Sciences was founded in 1987 and is Based in Foster City, California.


DEAL STATS #
Overall 24 of 24
Sector: Life Science M&A 23 of 23
Type: Add-on Acquisition M&A Deals 20 of 20
State: California M&A 8 of 8
Country: United States M&A 17 of 17
Year: 2024 M&A 1 of 1
Size (of disclosed) 5 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-09 XinThera

San Diego, California, United States

XinThera is a private biotechnology company whose mission is to develop best-in-class small molecule drugs to treat cancer and immunologic diseases. XinThera was founded in 2021 and is headquartered in San Diego, California.

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