Gilead announces another cancer deal – MarketWatch
Shares of Gilead Sciences Inc.
gained 0.3% in premarket trading on Tuesday after the drugmaker on Monday evening announced a deal worth more than $6 billion with Tango Therapeutics. The collaboration, which began in 2018, has been expanded to allow Gilead option rights to 15 programs rather than the original five. Gilead will give Tango a $150 million upfront payment and make a $20 million investment. It can also option each of the programs for up to $410 million per program. …