Cognizant and Gilead Expand Partnership to Drive Greater Value Through Advanced Technology Applications

Rhea-AI Summary

Cognizant (NASDAQ: CTSH) has expanded its partnership with Gilead Sciences (NASDAQ: GILD) to enhance value creation through advanced technology applications. The expanded agreement focuses on delivering cost leadership and productivity improvements through AI-driven solutions.

The collaboration will leverage Cognizant's Neuro AI generative AI platform to accelerate value creation, enhance IT and business processes, and improve operational efficiencies across customer service, employee interactions, and business value management. The partnership aims to generate significant cost savings that can be reinvested into Gilead's core life sciences business.

Building on their decade-long relationship supporting Gilead's global IT infrastructure, Cognizant will implement custom-built Gen AI solutions to transform user experience and boost operational efficiency. This expansion enables Gilead to focus on its mission of developing treatments for cancer, HIV, and other diseases while optimizing its technological capabilities.

Positive

• Expansion of existing partnership indicates strong business relationship and trust
• Implementation of AI solutions expected to generate significant cost savings
• Enhanced operational efficiencies through advanced technology applications
• Long-term strategic partnership securing steady revenue stream

Negative

• None.

Cognizant will provide AI-driven solutions to enhance customer service, employee engagement, and business value

TEANECK, N.J., Jan. 30, 2025 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) has announced an expansion of its longstanding relationship with biopharmaceutical leader Gilead Sciences (NASDAQ: GILD) that aims to unlock even greater value for Gilead as it advances innovations to prevent and treat life-threatening diseases. The expanded agreement aims to deliver greater cost leadership and productivity enhancement for Gilead while seeking to extract greater value from the existing relationship. Leveraging machine learning and generative AI within an agentic framework, the work addresses multiple use cases across customer service, employee interactions, and business value management. Gilead is expected to enhance its efficiency through leveraging Cognizant's expertise in AI and advanced technology applications. By deploying these cutting-edge solutions across the value chain, Cognizant aims to help Gilead achieve significant benefits through a newly optimized financial framework.

Over the last decade, Cognizant has helped support Gilead's global IT infrastructure, platforms, applications and advanced analytics, and leads initiatives designed to accelerate its digital transformation. Today's announcement builds on a collaboration aimed at creating capacity to allow Gilead to continue its focus and mission, aimed at discovering and delivering critical medicines for cancer, HIV and other diseases. 

"Cognizant continues to provide critical expertise as we advance our technology journey," said Joydeep Ganguly, SVP & Head – Corporate Operations and Interim CIO at Gilead. "The expansion of this partnership is pivotal in accelerating our capabilities roadmap while driving a new level of cost leadership across our technology programs. This collaboration aims to bring innovative changes to Gilead's business, exploring new possibilities and enhancing our operations in novel ways."

Expanding on the company's partnership, Cognizant intends to leverage its Neuro AI generative AI platform to assist Gilead in accelerating value creation, enhancing IT and business processes, and improving operational efficiencies. This initiative aims to provide significant cost savings, which can be reinvested into Gilead's core life sciences business. As part of this expanded agreement, Cognizant also intends to transform the user experience of IT services with custom-built Gen AI solutions that allow Gilead to benefit from greater efficiency and user experience.

"We're proud of our longstanding relationship with Gilead, a leader in leveraging advanced technologies, and are excited about expanding our partnership in a new dimension with the company to deliver transformative treatments globally," said Surya Gummadi, EVP and President, Cognizant Americas. "Our teams will work together to transform user engagement, and boost productivity and cost savings for Gilead to focus on the critical work they do around preventing and treating life-threatening illnesses."

"This agreement allows us to provide end-to-end Cognizant capabilities through our life sciences domain expertise to provide value acceleration to Gilead," said Mohammad Haque, SVP, Global Large Deals Lead and Business Unit Head, Life Sciences, Cognizant. "Utilizing Cognizant's premier managed services frameworks and tools we intend to enhance operational efficiencies with leading-edge automation."

About Cognizant
Cognizant (Nasdaq: CTSH) engineers modern businesses. We help our clients modernize technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. Together, we're improving everyday life. See how at www.cognizant.com or @cognizant.

About Gilead
Gilead Sciences, Inc. is a biopharmaceutical company that has pursued and achieved breakthroughs in medicine for more than three decades, with the goal of creating a healthier world for all people. The company is committed to advancing innovative medicines to prevent and treat life-threatening diseases, including HIV, viral hepatitis, COVID-19, and cancer. Gilead operates in more than 35 countries worldwide, with headquarters in Foster City, California.

For more information, contact:
Natalie Steffen
Natalie.Steffen@cognizant.com
300 Frank W. Burr Blvd. Suite 36, 6th Floor
Teaneck, NJ 07666 USA
+1 201 801 0233    Cognizant.com

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SOURCE Cognizant Technology Solutions Corporation

FAQ

What are the key benefits of Cognizant's expanded partnership with Gilead Sciences?

The partnership aims to deliver cost leadership, enhance productivity, improve operational efficiencies, and generate significant cost savings through AI-driven solutions and advanced technology applications.

How will Cognizant's Neuro AI platform benefit Gilead Sciences?

Cognizant's Neuro AI platform will help accelerate value creation, enhance IT and business processes, improve operational efficiencies, and transform user experience through custom-built Gen AI solutions.

What areas will CTSH's AI solutions target in the Gilead partnership?

The AI solutions will address multiple use cases across customer service, employee interactions, and business value management.

How long has Cognizant been supporting Gilead's IT infrastructure?

Cognizant has been supporting Gilead's global IT infrastructure, platforms, applications, and advanced analytics for over a decade.

What will Gilead do with the cost savings from CTSH's technology solutions?

The cost savings generated through the partnership will be reinvested into Gilead's core life sciences business, focusing on developing treatments for cancer, HIV, and other diseases.