Vir and Gilead Partner on 1.9B Cancer Deal
Vir Biotechnology and Gilead Sciences formed a collaboration worth up to 1.9 billion dollars to develop solid tumor cancer treatments. Vir will use its proprietary technology to design three novel drug candidates while Gilead handles clinical testing.
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Vir Biotechnology signed a partnership worth up to $1.88B with Gilead Sciences on Wednesday morning to develop solid tumor cancer therapies. The deal sent Vir's shares up 12% in premarket trading. The collaboration targets three dual-masked T-cell engager candidates designed to direct immune responses against solid tumors.
