60 F
New York
Friday, May 7, 2021

Gilead Sciences [NASDAQ: GILD] Announces Agreement With Jounce [NASDAQ: JNCE]

Must read

Coinbase Pro Announces it will be Listing Internet Computer’s ICP

Coinbase Pro cryptocurrency exchange has disclosed that it has decided to list ICP once it goes live. ICP is the governance token of the...

WISeKey [NASDAQ: WKEY] Gets Investment to finance its TrustNFT.IO NFT Platform

WISeKey International Holding AG disclosed Friday that it has inked a term-sheet to enter into an unsecured short-term loan and the issuance and...

Moderna [NASDAQ: MRNA] Inks Supply Agreement with Switzerland

Moderna, Inc. disclosed that it has inked a supply agreement on Thursday with the Swiss Federal Government. As per the agreement, Moderna Inc...

TeraBlock Will Have its Own BSCPad IDO Soon

TeraBlock which is a project making a platform for automated cryptocurrency portfolio management disclosed that it is preparing for an initial DEX offering (IDO)...

Gilead Sciences, Inc. [NASDAQ: GILD] announced Tuesday it has signed a new deal with Jounce Therapeutics, Inc. [NASDAQ: JNCE] for a novel Immunotherapy program. The purpose of the deal is to license the JTX-1811 program.

Gilead Sciences will have exclusive rights to develop and commercialize Anti-CCR8 antibodies. JTX-1811 is a monoclonal antibody developed to selectively destroy immunosuppressive tumor-infiltrating T regulatory (TITR) cells.

Shares of Gilead Sciences traded down 1.00% after losing -0.67 on Tuesday. It has a day low range of 66.06 and a day high range of 66.47.

Gilead Sciences Inc last closed at $66.08, in a 52-week range of $60.89 to $85.97. It has traded up 8.52% from its 52-weeks low and traded down -23.14% from its 52-weeks high.

Let’s take a quick look at its profitability, it has a return on assets (ROA) of -0.40%, return on equity (ROE) of -1.20%, and return on investment (ROI) of 9.50%.

Furthermore, Gilead Sciences has a Gross Margin of 78.60%, a Profit Margin of -1.20%, and an Operating Margin of -4.30%.

Gilead Sciences (GILD) has a current ratio of 2.30. Moreover, its quick ratio is 2.20. The market cap of GILD has remained high, hitting $84.06 billion at the time of writing.

Now looking at the share price of Jounce Therapeutics soared 70.04%, as it gained +3.39 on Tuesday. It has a day low and high range of $7.10 and $8.50, respectively.

The share price of Jounce Therapeutics went from a low point around $2.79 to briefly over $10.00 in the past 52 weeks, though shares have since pulled back to $8.23. JNCE market cap has remained high, hitting $157.59 million at the time of writing.

Turing our focus on its profitability, its return on assets (ROA), return on equity (ROE), and return on investment (ROI) is 11.30%, 13.50%, and 30.20%. Furthermore, its Profit Margin is 18.20%.

If we look at the terms of the Agreement, will pays an upfront payment of $85 million to, and a $35 million equity investment at a premium in, Jounce upon closing.

Additionally, Jounce may get up to an additional $685 million in future clinical, regulatory, and commercial milestone payments.

Jounce will lead the development of JTX-1811 through IND clearance, after that Gilead Sciences will have exclusive rights to develop JTX-1811. The deal is expected to close in the second half of 2020.

More articles

Latest article

Why Chiasma [NASDAQ: CHMA] Stock is Skyrocketed?

Shares of Chiasma, Inc. surged 46.48% during the trading session of Wednesday. Chiasma has disclosed the financial results for the Q1 completed March...

NeoGenomics [NASDAQ: NEO] Announces Acquisition of Inivata Ltd

NeoGenomics, Inc. revealed Wednesday that it has decided to purchase Inivata Ltd. Inivata will grow into a liquid biopsy-centered division together with increasing...

R1 RCM [NASDAQ: RCM] Announces Acquisition of VisitPay

R1 RCM Inc. disclosed Tuesday that it has decided to purchase VisitPay. The firm has inked an agreement to buy VisitPay for nearly...

Binance Coin Makes History as its Market Cap Reach $100 Billion

The market capitalization of Binance set new records as the exchange token of Binance and the native asset of Binance Smart Chain (BSC) touched...

Precipio [NASDAQ: PRPO] Roll Out Rapid COVID-19 Antibody test on Amazon Platform

Shares of Precipio, Inc. skyrocketed 40.35% during the trading session of Monday. The strong performance of the firm has highlighted the positive sentiments...

TechX Ink Deal to Buy Fiat-to-Crypto Merchant Services Gateway XPort Digital

TechX Technologies Inc disclosed Monday that it has bought fiat-to-crypto merchant services gateway XPort digital. The firm has bought a 100% stake in XPort...

Lockheed [NYSE: LMT] Present F-35 Best and Final Offer to Finnish Government

Lockheed Martin Corporation disclosed that it has presented F-35 best and final offer (BAFO) on April 29, 2021, to the Finnish government. It...

Clene [NASDAQ: CLNN] Gets Two Patent Notice of Allowances

Clene Inc. disclosed that Clene Nanomedicine, Inc. U.S. Patent and Trademark Office has provided Notices of Allowance for two significant patent applications. Clene...