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John F. Milligan will step down as head of Gilead Sciences at the end of the year. Milligan has spent his entire career at the Foster City, Calif.-based biotech firm, ascending to president in 2008 and CEO in 2016. He took over the top role at a time when Gilead was under pressure to make a splashy acquisition that could help offset an expected sales dive for its hepatitis C drug franchise; the company subsequently paid nearly $12 billion for CAR-T therapy-focused Kite Pharma. Milligan’s successor has yet to be named.
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