A merger of drugmakers AstraZeneca Plc and Gilead Sciences Inc. is unlikely, according to analysts, after Bloomberg News reported that the U.K. company made a preliminary approach to its U.S. peer last month.

Political opposition from both Britain and America could derail any attempt at a deal, especially given the backdrop of the Covid-19 outbreak, Citi said. The timing is also questionable, as while Gilead is in the middle of a turnaround, AstraZeneca is well positioned and has a strong pipeline, analysts said.

Yet there is potential for synergies, and Gilead could compliment AstraZeneca’s portfolio in the areas of virology and inflammatory treatment, according to RBC.

AstraZeneca shares fell as much as 3% in London, underperforming the Stoxx 600 Health Care Index. Gilead rose 4.6% in premarket trading.

https://www.bloomberg.com/news/articles/2020-06-08/astrazeneca-gilead-deal-seen-facing-political-strategic-hurdles

>>9531728

There’s a kneeling meme in there somewhere - gmornin Anons. Enjoying some covfefe and a good night of sleep last night. Thank you Jesus!

>>9531874

Do you know these movies? Are these good memes?

I want to post this when there’s moar bread. Look at these flu stats! I need a smarter anon to look and confirm what I think we are seeing. This week- hospitalizations and deaths. You are able to look up any week and compare. Why you can’t compare it to the flu. Bastards.

https://www.scdhec.gov/health/flu/flu-watch-data-reports-maps/2019-2020-weekly-surveillance-reports

>>9531955

5:5

Yes! MadMax

One meme- The Purge. My kid 20 knew but didn’t know the chick meme from Home Invasion. I’ll ditch the chick. Muh kid likes the Purge one