Gilead Sciences Inc.’s efforts to build out its immuno-oncology business continued with the company’s 2 March bid to acquire Forty Seven Inc. for roughly $4.9bn, bringing in that firm’s potential first-in-class anti-CD47 candidate magrolimab – although some analysts question whether the deal offers as much upside as the company claims.
On a same-day investor call, CEO Daniel O’Day and other Gilead execs described the transaction as complementary to its ongoing...








