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Gilead Sciences has signed an agreement to acquire Arresto Biosciences for $225 million and potential payments based on certain sales levels.
December 20, 2010
By: Tim Wright
Editor-in-Chief, Contract Pharma
Gilead Sciences has signed an agreement to acquire Arresto Biosciences for $225 million and potential payments based on certain sales levels. The deal is expected to close in 1Q11, subject to certain closing conditions. Arresto is development-stage biopharma company focused on medicines to treat fibrotic diseases and cancer. Its lead product, AB0024, is a humanized monoclonal antibody (mAb) targeting the human lysyl oxidase-like-2 (LOXL2) protein currently in a Phase I study in patients with ...
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