Gilead Sciences to acquire EpiTherapeutics for $65 million

6 May 2015

US biotech giant Gilead Sciences (Nasdaq: GILD) says it has reached agreement to acquire EpiTherapeutics, a privately-held Danish company, for $65 million, subject to certain purchase price adjustments, to be financed through available cash on hand, giving Gilead a foothold into the field of epigenetics.

EpiTherapeutics has generated a library of first-in-class, selective small molecule inhibitors of epigenetic regulation of gene transcription, in particular histone demethylases. The company's lead preclinical compounds are being studied for the treatment of certain cancers.

Strategic fit with Gilead R&D pipeline

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