REUTERS/Dado Ruvic/File Photo

Pharmaceutical giants in potential merger amid race to find Covid-19 treatment

June 8, 2020

AstraZeneca Plc has made a preliminary approach to rival drugmaker Gilead Sciences Inc about a potential merger, according to people familiar with the matter, in what would be the biggest health-care deal on record.

The UK-based firm informally contacted Gilead last month to gauge its interest in a possible tie-up, the people said, asking not to be identified because the details are private.

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