Gilead to acquire German biotech firm MYR for about 1.15 billion euros

Gilead to acquire German biotech firm MYR for about 1.15 billion euros

© Reuters. FILE PHOTO: Gilead Sciences Inc pharmaceutical company is seen during the outbreak of the coronavirus disease (COVID-19), in California © Reuters. FILE PHOTO: Gilead Sciences Inc pharmaceutical company is seen during the outbreak of the coronavirus disease (COVID-19), in California

(Reuters) – Gilead Sciences Inc (NASDAQ:GILD) said on Thursday it will acquire German biotech company MYR GmbH for about 1.15 billion euros ($1.39 billion) in cash.

The deal, which will also include a potential future milestone payment of up to 300 million euros, will give Gilead access to Hepcludex, MYR's treatment for chronic hepatitis delta virus, or HDV, infection.

Hepcludex was conditionally approved by the European Medicines Agency in July.

($1 = 0.8252 euros)

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