Gilead Sciences Inc

GILD: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$31.00	Kdvyw	Tkgcybwf

Gilead: Maintaining Our $97 Fair Value Estimate as CymaBay Acquisition Looks Like a Good Fit

Karen Andersen

Feb 12, 2024

Gilead is acquiring CymaBay and its oral PPAR-delta agonist seladelpar for $4.3 billion in an effort to expand its liver disease portfolio. We think this is a good complement to Gilead’s existing hepatitis C portfolio of drugs, and we’re not making any changes to our $97 Gilead fair value estimate. Overall, we think HIV and oncology sales remain the biggest supports for Gilead’s wide moat.

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