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Thursday, February 27, 2020

Gilead Sciences approaches Forty Seven with takeover deal

Forty Seven Inc. (NASDAQ:FTSV) +23% after-hours following a Bloomberg report that Gilead Sciences (NASDAQ:GILD) has approached the company with a takeover offer.
Gilead and Forty Seven are discussing several of options including a partnership, according to the report, which adds that Forty Seven also has received interest from other potential suitors.
Forty Seven is working on cancer treatments that harness the immune system to fight tumors.

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