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Finance
Gilead partners with Assembly Bio for $100 million
by Laura Howes
October 20, 2023
| A version of this story appeared in
Volume 101, Issue 35
Gilead Sciences is paying Assembly Biosciences $100 million for first refusal on all Assembly’s programs. The deal comprises $84.8 million in cash, plus $15.2 million in equity investment. Rather than buying the antiviral R&D firm outright, Gilead will integrate the company’s expertise in the herpes virus and hepatitis B and D. Assembly Bio will be responsible for early-stage research and development; if Gilead opts into any programs, it will take on all further work.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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