How is it possible that GILD didn’t do their DD
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It is possible but only on one condition: GILD is absolutely confident that LL will not be allowed to commercialize. Under what condition, GILD can be absolutely confident of this? Only if the FDA is fully in GILD's pocket. How is it possible that the FDA is in Gild's pocket? Only on one condition: Gild belongs to a group of entities which is called "too big to fall." How is it possible to be "too big too fall" in the so-called "free market" system? Only on one condition: the very existence of the so-called "free market" system depends on the existence of a group of entities which has been designated as "too big to fall."
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Le-Ron-Li-Mab, and they have not.