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Gilead Sciences invests $320M in Arcus Biosciences, increasing ownership to 33%, and amends collaboration agreement, with Gilead's CCO joining Arcus's board.
Gilead Sciences has invested $320 million in Arcus Biosciences, increasing its ownership stake in the company to 33%.
This investment, along with amendments to their collaboration agreement, will accelerate the growth of the companies' joint development programs across multiple indications.
Additionally, Gilead's Chief Commercial Officer will join Arcus's board.
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Gilead Sciences invierte 320 millones de dólares en Arcus Biosciences, aumentando la propiedad al 33 % y modifica el acuerdo de colaboración, con el CCO de Gilead uniéndose a la junta directiva de Arcus.