Under The Partnership Terms, Assembly Bio's $100M From Gilead Consists Of $84.8M Upfront Payment And $15.2M Equity Investment From Gilead At Premium Of 19.9%
Portfolio Pulse from Benzinga Newsdesk
Assembly Bio has entered into a partnership with Gilead, receiving $100M, which includes an upfront payment of $84.8M and a $15.2M equity investment at a premium of 19.9%.
October 17, 2023 | 11:43 am
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POSITIVE IMPACT
Assembly Bio has received a significant investment from Gilead, which could provide a financial boost and potential collaboration benefits.
The significant investment from Gilead provides Assembly Bio with a financial boost, which could be used for research, development, and other operational activities. The partnership could also lead to collaboration benefits, potentially enhancing Assembly Bio's product portfolio and market reach.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Gilead has made a significant investment in Assembly Bio, which could lead to potential collaboration and access to Assembly Bio's product portfolio.
Gilead's investment in Assembly Bio could provide it with potential collaboration opportunities and access to Assembly Bio's product portfolio. This could enhance Gilead's market presence and diversify its product offerings.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100