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FeMike

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FeMike

Re: attilathehunt post# 666955

Thursday, 01/25/2024 12:05:00 PM

Thursday, January 25, 2024 12:05:00 PM

Post# of 695440

Immunomedics, Inc. acquired by Gilead Sciences for $8.4 billion in 2020: This translates to a staggering 1,062% premium over Immunomedics' closing share price just before the acquisition news broke. The deal was driven by Gilead's interest in acquiring Trodelvy, Immunomedics' lead drug for treating triple-negative breast cancer.



Haha, what?

Gilead paid a 108% premium for Immunomedics. And they paid $21B, not $8.4 billion. And Gilead ran a campaign to drive the Immuno price up to a point where the value would be approvable at 108%.

Damn y'all are bad at this.
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