Gilead links up Assembly Biosciences on viral diseases
US antiviral-focused biotech Assembly Biosciences (Nasdaq: ASMB) saw its share price rocket nearly 95% to $1.42, on news of a research collaboration with Gilead Sciences (Nasdaq: GILD).
The companies have entered into a 12-year partnership to advance the research and development of novel antiviral therapies, with an initial focus in Assembly Bio’s established areas of herpesviruses, hepatitis B virus (HBV) and hepatitis D virus (HDV).
Assembly Bio’s current portfolio of small molecule antiviral therapeutics includes both clinical and pre-clinical programs, including next-generation core inhibitor ABI-4334 for the treatment of HBV, long-acting helicase-primase inhibitor ABI-5366 for herpes simplex virus (HSV), an orally bioavailable HDV entry inhibitor ABI-6250, and a pan-herpes polymerase inhibitor program.
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