Gilead and Arcus add inflammation and up to $1 billion to collaboration
Californian companies Gilead Sciences (Nasdaq: GILD) and Arcus Biosciences (NYSE: RCUS) have expanded a previously-announced research collaboration focused on oncology to include therapies for the treatment of inflammatory diseases.
According to the companies, the expanded collaboration builds upon Gilead’s growing presence in inflammatory disease and towards broadening Arcus’ capabilities and portfolio beyond oncology and into inflammation.
Shares in Arcus were up by more than 5% in Monday morning’s early trading in New York.
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