Assembly Biosciences shares are trading higher after the company and Gilead announced they entered into a 12-year partnership to advance the research and development of novel antiviral therapies.
Portfolio Pulse from Benzinga Newsdesk
Assembly Biosciences and Gilead have entered into a 12-year partnership to advance the research and development of novel antiviral therapies. This has led to a rise in Assembly Biosciences' share prices.
October 17, 2023 | 1:40 pm
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Assembly Biosciences' shares are trading higher after the announcement of a 12-year partnership with Gilead for R&D of antiviral therapies.
The partnership with Gilead, a major player in the pharmaceutical industry, is a significant development for Assembly Biosciences. This collaboration is expected to boost the company's R&D capabilities and potentially lead to the development of successful antiviral therapies, which is reflected in the rise of its share prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Gilead has entered into a 12-year partnership with Assembly Biosciences for the research and development of novel antiviral therapies.
The partnership with Assembly Biosciences allows Gilead to expand its R&D capabilities in the field of antiviral therapies. This strategic move could potentially lead to the development of successful therapies and strengthen Gilead's position in the market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80