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Gilead Sciences (GILD) Set to Acquire Arcellx
Gilead Sciences (NASDAQ: GILD) has announced the attainment of all regulatory approvals for its acquisition of Arcellx and has extended the tender offer for Arcellx’s common stock. This news follows a positive rating update from Truist, which raised Gilead’s price target to $155 from $152, maintaining a Buy rating. The biotech firm is also preparing for the launch of Yeztugo and updating on anito-cel, anticipating continued deal activity in the biotech sector.