Tuesday, February 22, 2011

Gilead to buy Calistoga Pharmaceuticals for $375M

Glead Sciences Inc. has agreed to acquire Calistoga Pharmaceuticals Inc. for $375 million, the companies said Tuesday.
Calistoga could earn up to an additional $225 million if certain milestones are achieved.
Seattle-based Calistoga is a privately held biotech company focused on the development of medicines to treat cancer and inflammatory diseases.

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