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Gilead Makes Additional Equity Investment & Raises Ownership Stake in Arcus

Enables both companies to leverage their respective strengths and focus on efficiently advancing novel combinations for cancer treatment.

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By: Charlie Sternberg

Associate Editor

Gilead Sciences and Arcus Biosciences have expanded their collaboration agreement, with Gilead making an additional equity investment of $320 million and raising its ownership stake in Arcus to 33%.   Gilead’s separate equity investment of $320 million will be in Arcus common stock at $21 per share. The deal will also see Gilead Chief Commercial Officer Johanna Mercier join Arcus’ board, marking a third Gilead member.   According to the announcement, the amendment to the companies’ partnersh...

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