Gilead to pay $11.9 billion for cancer treatment developer Kite

Local cell therapy company acquired

Gilead to pay $11.9 billion for cancer treatment developer Kite

The firm has "Buy" rating by Deutsche Bank given on Wednesday, September 30. The firm earned "Overweight" rating on Thursday, November 5 by Piper Jaffray. The stock of Morgan Advanced Materials PLC (LON:MGAM) earned "Sell" rating by Panmure Gordon on Friday, September 18. The stock of Bank of Nova Scotia (NYSE:BNS) has "Overweight" rating given on Tuesday, May 23 by Barclays Capital. The rating was maintained by RBC Capital Markets on Wednesday, July 29 with "Outperform".

According to Gilead Sciences, Inc.'s latest 13F filing with the US Securities and Exchange Commission (SEC), institutional ownership is at 75.59%. Miracle Mile Advisors Llc sold 382 shares as Gilead Sciences Inc (GILD)'s stock declined 8.05%.

The main Israeli beneficiary of the acquisition is the Pontifax fund, which invested $3.8 million in Kite Pharma at an early stage, but which distributed Kite Pharma shares worth $120 million to its investors. Hendershot Invests Incorporated has invested 1.83% in Gilead Sciences, Inc. Beyond hepatitis, the human immunodeficiency virus-1 (HIV-1) treatment Atripla (efavirenz/emtricitabine/tenofovir disoproxil fumarate) sales fell almost 17%, to $2.605 billion. About 11.72M shares traded or 46.87% up from the average.

United States biopharmaceutical firm Gilead Sciences, Inc. said on Monday it has agreed to buy the Israeli-founded Kite Pharma for about $12 billion in an all-cash deal. It has outperformed by 38.77% the S&P500.

The Bank of Nova Scotia is an global bank and a financial services well-known provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. The firm has a market capitalization of $96.36 billion, a price-to-earnings ratio of 8.01 and a beta of 1.21. When considering if perhaps the stock is under or overvalued, the average price target is $103.00 which is -26.0% under where the stock closed last Friday.

Uni-Pixel Inc (NASDAQ: UNXL) shares dropped 73 percent to $0.0698. It has underperformed by 0.18% the S&P500.

Since March 1, 2017, it had 0 insider purchases, and 7 insider sales for $16.39 million activity. Dsam Prtn (London) Ltd has invested 1.11% of its portfolio in Kite Pharma Inc (NASDAQ:KITE). Cogan John Francis also sold $668,667 worth of Gilead Sciences, Inc. Balyasny Asset Management LLC augmented its holdings by buying 166,100 shares an increase of 4,259.0% as of 06/30/2017. Its down 0.32, from 1.63 in 2016Q3. 111 funds opened positions while 421 raised stakes.

The stock decreased 1.00% or GBX 5.68 on August 25, reaching GBX 562.32. Cwm Ltd Liability Corporation has invested 0.16% in Gilead Sciences, Inc. Savings Bank Of New York Mellon Corp reported 27.84 million shares or 0.57% of all its holdings. Cap Intll owns 1.31 million shares. Spark Invest Limited Liability Co has invested 0.5% in Gilead Sciences, Inc. (NASDAQ:GILD). One Natl Association has 19,735 shares for 0.11% of their portfolio.

That deal came in the form of Kite Pharma, a small biotech which has been making headlines for competing neck and neck with Novartis to bring the first CAR-T therapy to market. It also reduced F5 Networks Inc Com (NASDAQ:FFIV) stake by 12,037 shares and now owns 273,774 shares. Gamble Jones Investment Counsel has invested 0.33% in Gilead Sciences, Inc. (NASDAQ:GILD) for 122,649 shares. Ipswich Investment Mngmt Company holds 0.98% of its portfolio in Gilead Sciences, Inc. More interesting news about Gilead Sciences, Inc. Fort Limited Partnership accumulated 85,156 shares.

A rating of 1 or 2 would represent a Buy, and a 3 rating would signify a Hold on the stock. Kite Pharma had 45 analyst reports since August 4, 2015 according to SRatingsIntel.

Gilead Sciences, Inc.is a research biopharmaceutical firm that discovers, develops and commercializes medicines in areas of unmet medical need. As per Tuesday, June 20, the company rating was maintained by Oppenheimer.

Mexico offers to help Hurricane Harvey victims in Texas