GlobeImmune updates on business after partner pulls out of HBV drug deal

22 November 2016

Last week, US biotech major Gilead Sciences (Nasdaq: GILD) terminated its licensing deal with GlobeImmune (Nasdaq: GBIM) to develop a hepatitis-B (HBV) drug, GS-4774, and returned rights to the drug.

GlobeImmune now has the rights back to the GS-4774 drug, but has not said what it proposes to do with the drug candidate, which had failed a mid-stage trial last year.

The announcement was made after Gilead received approval on November 11 from the US Food and Drug Administration for its once-daily hepatitis B drug, Vemlidy (tenofovir alafenamide). Also this month, Vemlidy was recommended for approval by the advisory unit of the European Medicines Agency.

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