Gilead gains rights to TGFβ programs in deal that could cost it over $1.5 billion
In yet another licensing deal, Gilead Sciences (Nasdaq: GILD) has entered into a strategic collaboration with Scholar Rock Holding (Nasdaq: SRRK) to discover and develop highly specific inhibitors of transforming growth factor beta (TGFβ) activation for the treatment of fibrotic diseases.
Scholar Rocks’ shares gained about 8% in early trading and were still up 4.98% at $23.62 by mid-morning, while Gilead rose 1.8% to $66.00.
Less than a couple of months ago, Gilead inked an immuno-oncology collaboration worth a potential $1.75 billion with USA-based cancer therapy discoverer Tango Therapeutics. And in September it linked up with Precision BioSciences to develop therapies for the hepatitis B virus (HBV), which could cost it up to half a billion dollars
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