Bringing in an experienced leader and dealmaker would be wise for Gilead, says analyst
With current Gilead Sciences (Nasdaq: GILD) chief executive John Milligan standing down at the end of the year, the announcement on his successor is one of the most eagerly-awaited in biopharma at present.
RBC Capital Markets analyst Brian Abrahams has made three major observations in a report about the appointment that was published on Tuesday.
Mr Abrahams suggests that a chief executive with a history of success in business development would be very well-received, given Gilead’s cash pile to spend on in-licensing deals and acquisitions.
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