Gilead’s $11.9 Billion Purchase of a Groundbreaking Cancer Therapy Could Drag it Into a New Debate on Prices

Gilead Sciences has ended the long-running suspense about what it would do with some of the billions in cash it has amassed from selling effective, but expensive hepatitis C drugs: Buy a groundbreaking cancer therapy.

Gilead, which has come under congressional investigation for the $84,000 price tag it put on its first hepatitis C drug, announced Monday it would shell out $11.9 billion to acquire California-based Kite Pharma. The acquisition could stir a whole new debate on drug prices.

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