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New Deal


Announced

Gilead Sciences to invest $320m in Arcus Biosciences.

Financials

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Transaction Value£251m
Consideration TypeCash
Capital Owned13%
Capital Bid For20%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Minority

Public

Pending

Friendly

Single Bidder

Biotechnology

United States

biotechnology company

Domestic

Synopsis

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Gilead Sciences, a biopharmaceutical company, agreed to invest $320m in Arcus Biosciences, a biopharmaceutical company. “This amendment allows Gilead to accelerate the domvanalimab program and enables Arcus to focus on progressing multiple pipeline assets, including both Gilead-optioned and non-optioned programs. We look forward to strengthening our collaboration as we explore the collective power of our cross-portfolio combinations to help transform how cancer is treated,” Merdad Parsey, Gilead Sciences Chief Medical Officer.

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