One Factor Driving Gilead Sciences (GILD) Stock Up to a One-Year High Today

NEW YORK (TheStreet) -- Gilead Sciences  (GILD) hit a new 52-week high of $107.40 as of 11:07 a.m. on Monday.

The biotech sector rose Monday after Swiss-based company Roche agreed to buy InterMune ITMN for $8.3 billion in an all-cash deal. The news sent several biotech stocks, including Gilead, Regeneron REGN and Celgene CELG, higher in morning trading.

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GILD Chart GILD data by YCharts

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