Gilead Holds an Exclusive Option to Acquire Pionyr Immunotherapeutics for ~$1.75B

 Gilead Holds an Exclusive Option to Acquire Pionyr Immunotherapeutics for ~$1.75B

Gilead Holds an Exclusive Option to Acquire Pionyr Immunotherapeutics for ~$1.75B

Shots:

  • Gilead to acquire 49.9% stakes in Pionyr for $275M and get an exclusive option to acquire the remaining shares. Gilead may exercise its option upon completion of P-Ib studies for PY314 and PY159 or can exercise before the completion by paying $315M as option exercise fee
  • Additionally, Pionyr will receive up to $1.15B as milestones. Meanwhile, Gilead will provide Pionyr with additional funding for the PY314 and PY159 clinical programs, as well as ongoing research and development programs
  • Pionyr’s Myeloid Tuning therapies (PY314 & PY159) showed preclinical efficacy, suggesting potential in solid tumors in combination with anti-PD(L)-1 agents. Pionyr anticipates IND filing with the US FDA for both PY314 and PY159 in Q3’20

Click here to read full press release/ article | Ref: Gilead | Image: Contract Pharma

Tuba Khan

Tuba Khan is an Editor and Digital Marketing expert at PharmaShots. She is curious, creative, and passionate about recent updates and innovation in Lifesciences industry. She covers Pharma, Medical devices, Diagnostics and Digital health segment. Tuba also has an experience of digital and social media marketing and can run the campaign independently. She is also certified as a Digital marketer and social media marketer. She can be contacted on tuba@pharmashots.com

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