12:23 PM
 | 
Dec 10, 2018
 |  BC Extra  |  Company News

Veteran Roche cancer executive O'Day to lead Gilead

Editor's Note: This article was updated on Dec 10, 2018 at 5:10 PM PST

Daniel O’Day will inherit a pile of cash and a company that is looking beyond infectious disease to carve out its space in cancer and build on its newly acquired CAR T platform when he becomes chairman and CEO of Gilead Sciences Inc. (NASDAQ:GILD) next spring.

Genentech Inc. CEO Bill Anderson will succeed O’Day as CEO of the Roche (SIX:ROG; OTCQX:RHHBY) pharmaceuticals division on Jan. 1. O’Day, who will step down Dec. 31, will provide support for the transition until he joins Gilead March 1 (see "Genentech's Anderson to Succeed O'Day at Roche").

O'Day succeeds John Milligan as CEO. Together with Chairman John Martin, Milligan grew Gilead into a multibillion dollar biotech bellwether driven by the company's HIV and HCV franchises. Milligan became CEO in March 2016, succeeding Martin who served as...

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