other material
confidence high
sentiment positive
materiality 0.75
Assembly Bio receives $10M from Gilead, Gilead buys 940,499 shares at $21.37
ASSEMBLY BIOSCIENCES, INC.
- Gilead pays $10M upfront payment creditable against future collaboration obligations.
- Opt-in fees for ABI-6250 restructured; total aggregate payments unchanged.
- Gilead purchases 940,499 shares at $21.37/share, a 35% premium to 30-day VWAP.
- Amendment redefines Phase 1b clinical trial and Triggering Clinical Trial for certain programs.
- Additional Funding Payment of $10M due within [***] days; use restricted per Section 15.5(a).