September 15, 2003
Gilead Purchases Foster City Campus
FOSTER CITY, Calif., Sep 15, 2003 (BUSINESS WIRE) -- Gilead Sciences, Inc. (Nasdaq:GILD) today announced that the company has completed the purchase of its Foster City, California campus from a subsidiary of Equity Office Properties Trust (NYSE:EOP) for approximately $123 million. The company announced it had entered into an agreement to purchase the facility in August 2003.
Under the terms of this agreement, Gilead has acquired 16 buildings, totaling 496,000 square feet of office and laboratory space, on Lakeside Drive in Foster City, California. Gilead currently occupies eight of the 16 buildings acquired in the purchase transaction. Gilead expects this transaction will be accretive to earnings in 2003.
Gilead Sciences is a biopharmaceutical company that discovers, develops and commercializes therapeutics to advance the care of patients suffering from life-threatening diseases worldwide. The company has seven marketed products and focuses its research and clinical programs on anti-infectives. Headquartered in Foster City, CA, Gilead has operations in the United States, Europe and Australia.
This press release includes forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those referred to in the forward-looking statements. All forward-looking statements are based on information currently available to Gilead and Gilead assumes no obligation to update any such forward-looking statements.
For more information on Gilead, please call the Gilead Public Affairs Department at 1-800-GILEAD-5 (1-800-445-3235) or visit www.gilead.com.
SOURCE: Gilead Sciences, Inc.
Gilead Sciences, Inc. Susan Hubbard, 650-522-5715 (Investors) Amy Flood, 650-522-5643 (Media)
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