AstraZeneca's Gilead glances fade after baffled reaction

9 June 2020

Investors and analysts could have been excused for coughing up a few corn flakes as they read Sunday morning’s report from Bloomberg revealing that AstraZeneca (LSE: AZN) had approached Gilead Sciences (Nasdaq: GILD) about a mega-merger last month.

The speculation led to numerous analysts questioning why the Anglo-Swedish pharma major might embark on what would likely be a messy, drawn-out takeover of a company that operates in different therapy areas.

Current strategy 'working just fine'

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