FOSTER CITY, Calif.--(BUSINESS WIRE)--Feb. 8, 2013--
Gilead Sciences, Inc. (Nasdaq: GILD) today announced that it has
completed its acquisition of YM BioSciences Inc. (NYSE MKT: YMI, TSX:
YM).
On February 8, 2013, a subsidiary of Gilead acquired all of the
outstanding common shares of YM pursuant to the terms of a plan of
arrangement. As a result, YM has become a wholly-owned subsidiary of
Gilead and it is anticipated that the common shares of YM will no longer
be listed for trading on the NYSE MKT LLC or the Toronto Stock Exchange,
on or about February 12, 2013. Shareholders of YM on this date will be
entitled to receive U.S. $2.95 per common share in cash, and holders of
warrants and stock options will be entitled to receive a cash payment
equal to the difference between U.S. $2.95 and the exercise price of
such warrant or stock option.
About Gilead Sciences
Gilead Sciences is a biopharmaceutical company that discovers, develops
and commercializes innovative therapeutics in areas of unmet medical
need. Gilead’s mission is to advance the care of patients suffering from
life-threatening diseases worldwide. Headquartered in Foster City,
California, Gilead has operations in North America, Europe and Asia
Pacific.
Forward-Looking Statements
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, including risks
related to the ability of Gilead to advance YM's product pipeline,
including CYT387, and the possibility of unfavorable results of clinical
trials of CYT387. These risks, uncertainties and other factors could
cause actual results to differ materially from those referred to in the
forward-looking statements. The reader is cautioned not to rely on these
forward-looking statements. These and other risks are described in
detail in Gilead’s Quarterly Report on Form 10-Q for the quarter ended
September 30, 2012, as filed with the U.S. Securities and Exchange
Commission. 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 Sciences, please visit the company’s
website at www.gilead.com,
follow Gilead on Twitter (@GileadSciences) or call Gilead Public Affairs
at 1-800-GILEAD-5 or 1-650-574-3000.
Source: Gilead Sciences, Inc.
Gilead Sciences, Inc.Patrick O’Brien, 650-522-1936 (Investors)Nathan
Kaiser, 650-522-1853 (Media)
