Gilead And Tentarix To Discover And Develop Novel Therapies To Address Unmet Medical Needs Across Cancer And Inflammation; Tentarix To Receive Payments And Equity Investment $66M; Gildead Option To Acquire Up To Three Subsidiaries For $80M/Subsidiary
Portfolio Pulse from Benzinga Newsdesk
Gilead Sciences and Tentarix have announced a collaboration to discover and develop novel therapies for cancer and inflammation. Tentarix will receive payments and an equity investment of $66M from Gilead. Gilead also has the option to acquire up to three subsidiaries from Tentarix for $80M each.
August 15, 2023 | 12:37 pm
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Gilead Sciences has entered into a partnership with Tentarix to develop novel therapies. This could potentially expand Gilead's product portfolio and strengthen its position in the oncology and inflammation market.
The partnership with Tentarix could potentially lead to the development of novel therapies that could expand Gilead's product portfolio. This could strengthen Gilead's position in the oncology and inflammation market, potentially leading to increased revenues in the future. The equity investment and potential acquisition of Tentarix's subsidiaries also indicate Gilead's commitment to this partnership and its strategic importance.
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