Precision targets HBV with Gilead in half-billion dollar deal

13 September 2018

Shares in California’s Gilead Sciences (Nasdaq: GILD) jumped in pre-market trading on Wednesday, as the firm announced a deal with privately-held biotech Precision BioSciences to develop therapies for the hepatitis B virus (HBV).

Gilead, which has recently faced mounting patent challenges over its HCV therapy Sovaldi (sofosbuvir), also announced positive results from a trial of its investigational JAK1 inhibitor filgotinib this week.

Under the terms of the collaboration, Precision will take the lead on developing investigational nucleases, and Gilead, which will fully fund the R&D, will take on clinical development and commercialization of potential therapies.

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