Gilead Sciences shares are trading higher after announcing a strategic collaboration with Genesis Therapeutics to develop novel small molecule therapies. Gilead will gain exclusive rights to develop and commercial products using Genesis's GEMS AI platform for target optimization.
Portfolio Pulse from Benzinga Newsdesk
Gilead Sciences has announced a strategic collaboration with Genesis Therapeutics to develop novel small molecule therapies. This partnership grants Gilead exclusive rights to use Genesis's GEMS AI platform for target optimization, leading to a positive market reaction.
September 10, 2024 | 6:27 pm
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Gilead Sciences shares are trading higher following a strategic collaboration with Genesis Therapeutics. The partnership allows Gilead exclusive rights to use Genesis's AI platform for developing novel therapies, which is seen as a positive move by investors.
The strategic collaboration with Genesis Therapeutics is a significant development for Gilead Sciences, as it provides exclusive access to advanced AI technology for drug development. This is likely to enhance Gilead's product pipeline and innovation capabilities, leading to a positive market reaction and a rise in share prices.
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