77.4 F
New York
Thursday, July 29, 2021

Gilead Sciences [NASDAQ: GILD] To Acquire Tizona Therapeutics For $300 Million

Must read

Digital Realty [NYSE: DLR] Considering Developing 64 MW Facility in South Korea

Digital Realty Trust, Inc. has shown its intention to build the 64-megawatt facility in Seoul, South Korea. The firm has decided that the...

Why Shares of IZEA Worldwide [NASDAQ: IZEA] Skyrocketing Today?

Shares of IZEA Worldwide, Inc. surged 8.10% at the time of writing on Wednesday. The strong performance of the firm has highlighted the...

BIT Mining [NYSE: BTCM] Ink Purchase Agreement to Buy Bitcoin Mining Machine

BIT Mining Limited has inked a purchase agreement to increase the fleet of bitcoin mining machines. As per the new purchase agreement, the...

Dyadic International [NASDAQ: DYAI] Inks Licensing Agreement with the Rubic Consortium

Dyadic International, Inc. disclosed that it has inked a COVID-19 vaccine technology transfer and licensing agreement with the Rubic Consortium. It has been...

Gilead Sciences, Inc. [NASDAQ: GILD] disclosed today it has acquired 49.9% equity interest in Tizona Therapeutics, Inc. for $300 million. Tizona Therapeutics, Inc. is a privately held firm engaged in the making of first-in-class immunotherapies.

Gilead Sciences also has the option to acquire the remaining shares of Tizona in an additional $1.25 billion, including an option exercise fee and future milestone payments. Gilead Sciences has the opportunity to buy the remainder of Tizona before or following the readout of Phase 1b study of Tizona’s investigational antibody, TTX-080.

Investigational antibody TTX-080 discovered by Tizona is a first-in-class drug that targets HLA-G. US Food and Drug Authority has given the all-clear for the application of TTX-080. Tizona is planning to start the phase 1 clinical trial to check TTX-080 both as monotherapy and in combination with other agents in patients with advanced cancers.

Shares of Gilead Sciences have exhibited a change of 0.67% during the trading of Tuesday. It has a day low and high range of $77.20-$77.89, respectively. GILD has a closing price of $77.56 and has opened at $77.46. In the past 52-weeks of trading, this company’s stocks have changed between the low of $60.89 and a high of $85.97.

If we turn our focus on profitability, it has a return on assets of 8.10%, its return on equity is 22.60% and return on investment is 9.50%. This company’s gross margin is 79.40%, the profit margin is 21.80% and an operating margin is 19.60%.

More articles

Latest article

Binance, FTX Cut Leverage Limits on Crypto Futures Trading to 20x

Two major cryptocurrency trading platforms Binance Futures and FTX disclosed on Monday that they both have made a remarkable decision related to the crypto...

TD Holdings [NASDAQ: GLG] Inks Letter of Intent with Guangdong Jinbochuang

TD Holdings, Inc. has inked a letter of intent (LOI) with Guangdong Jinbochuang Special Purpose Vehicle Co., Ltd. and (Jinbochuang) and Hunan Jinmeike...

ASGN [NYSE: ASGN] Acquire IndraSoft Inc

ASGN Incorporated disclosed that it has acquired IndraSoft Inc. IndraSoft Inc has gained recognition as a prominent cybersecurity and digital transformation solutions offeror...

Link Reservations Decides to Accept Bitcoin/Crypto Payments

Link Reservations Inc disclosed Friday that it has decided to start accepting Bitcoin and cryptocurrency payments. This is the major breakthrough for the firm...

Athene [NYSE: ATH] Announces Acquisition of Foundation Home Loans

Athene Holding Ltd. disclosed on Thursday that it has inked a definitive agreement to purchase Foundation Home Loans (FHL). FHL had a £3...

Ping [NYSE: PING] and Anexinet Announces Partnership

Ping Identity Holding Corp. and Anexinet Corporation have both entered into a partnership agreement. The collaboration will integrate Ping Identity’s centralized Identity Access...

Digital Realty [NYSE: DLR] and Brookfield Announces Joint Venture

Digital Realty Trust, Inc.   and Brookfield Infrastructure Partners L.P. and its institutional partners disclosed on Wednesday that they have launched a 50/50 joint...

Red Cat [NASDAQ: RCAT] Announces Acquisition of Teal Drones

Red Cat Holdings, Inc. has inked an agreement on Tuesday to buy Teal Drones in an all-stock transaction. This acquisition will add Teal...