Gilead Collaborates With German Biotech Tubulis for Solid Tumor ADC [Yahoo! Finance]
Gilead Sciences, Inc. (GILD)
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Source: Yahoo! Finance
The collaboration is aimed at discovering and developing an antibody-drug conjugate (ADC) against a solid tumor target. Gilead's shares have risen 14.2% year to date against the industry's decline of 6.9%. Image Source: Zacks Investment Research The single-asset focused collaboration, license and option agreement combines Tubulis' differentiated ADC platform technologies with Gilead's research and development expertise in oncology. Per the terms of the agreement, Gilead will gain access to Tubulis' proprietary Tubutecan and Alco5 platforms. In exchange, Tubulis will receive an upfront payment of $20 million and, if Gilead exercises its option, a separate option exercise fee of $30 million. Additionally, it will be eligible for development and commercialization milestone payments of up to $415 million, along with mid-single to low double-digit tiered royalties on sales of marketed products resulting from the collaboration. Tubulis will also lead early-stage research and deve
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