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But his position remains a huge challenge, and despite the new details released Wednesday there’s still very little information on what the new venture’s goals are and how it will go about achieving them.

But it "remains a fluid situation, and there may be a need to upgrade our responses from containment to mitigation", Khor said.

But even though the business landscape could change significantly, companies in China should still be looking for acquisitions there.

But an Indian official told Reuters that reasons for the delay in approval at the highest level "have more to do with giving control of a large pharma company to a Chinese entity that itself is facing questions from the regulators at home".

But it appears Gilead isn't interested in the proposed deal and prefers strategic partnerships to a merger.