Key negotiations that helped seal Gilead Science’s $21 billion purchase of Immunomedics, announced Sunday, took place on the makeshift patio of a suburban New Jersey restaurant during a socially distanced dinner two weeks ago, separated from a highway by some hedges.
Immunomedics’ Executive Chairman Behzad Aghazadeh, eating at a restaurant for the first time since the Covid-19 pandemic struck, ordered lamb chops. Gilead CEO Daniel O’Day had steak. They requested a table away from other diners in order to be discreet. But the main thing on the menu, from Gilead’s perspective, was Trodelvy, Immunomedics’ recently approved drug to treat women with triple-negative breast cancer, a particularly aggressive form of the disease with few treatment options.
Can someone find out ASAP what is Behzad’s severance psckage then share it publicly? I am sure it would be transformative for his personal wealth!
John, the transformation won’t come in the form of a severance package. It will come in Behzad’s 20% carry on Avoro’s huge profits in IMMU. That is his leverage.
Hey Mr. Lawman,
I thought Dan is the new management after Martin and Milligan? You think he is doing much better? Seriously?
So Trodelvy would be destined or would turn outvsimilarly for Gilead as Opdivo and Yervoy for Bristol Myers Squib and Keytruda for Merck? Who is drinking this preposterous Kool Aid? Not I!
“You cannot under-appreciate how the people behind a drug will impact its successful advancement.”
This comment seems to apply to Cytodyn that has a great drug in Leronlimab, but, in my opinion, could fare better with new management.
Lawman,
Do you seriously feel Dan is doing much better than Martin & Milligan?