Arcus Biosciences Retains Rights to Casdatifan, a Potential Best-in-Class HIF-2a Inhibitor, and Announces Pricing of $150 Million Common Stock Offering
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Arcus Biosciences retains rights to its HIF-2a inhibitor, casdatifan, after Gilead's option rights expired. Arcus also announced a $150 million common stock offering.
February 18, 2025 | 12:15 pm
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Arcus Biosciences retains rights to casdatifan, a potential best-in-class HIF-2a inhibitor, after Gilead's option rights expired. Arcus also announced a $150 million common stock offering.
The expiration of Gilead's option rights allows Arcus to retain full control over casdatifan, which could be a significant asset if it proves to be best-in-class. The $150 million stock offering indicates confidence in future prospects and provides capital for further development.
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