other material
confidence high
sentiment positive
materiality 0.85
Arcus closes Gilead amendment; receives $725M option fees for 3 programs
Arcus Biosciences, Inc.
- Closed amendment to Option, License and Collaboration Agreement with Gilead on Dec 21, 2021.
- Gilead acquires rights to anti-TIGIT (domvanalimab/AB308), adenosine antagonist (etrumadenant), CD73 (quemliclustat).
- Gilead to pay $725 million in option fees, expected early Q1 2022.