Gild
Gilead's purchase of Kite Pharma poised to pay off
Gilead Sciences Inc.'s $11 billion bet on Kite Pharma Inc. is poised to pay off, with the approval Wednesday of Kite's flagship cell-therapy treatment for advanced lymphoma patients.
The therapy, known as a Car-T treatment, uses genetically engineered T-cells to attack the blood cancer. It is the second such therapy to get a regulatory green light, after Novartis AG's (NOVN.EB) Car-T drug Kymriah was approved in late August.
earnings the 26
estimates increasing during the quarter