Gilead Is Said to Hold Arcus Stake Talks, Spurring 54% Rally [Yahoo! Finance News]
Gilead Sciences, Inc. (GILD)
Last gilead sciences, inc. earnings: 4/30 04:01 pm
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Source: Yahoo! Finance News
) -- Gilead Sciences Inc. is considering acquiring a stake in Arcus Biosciences Inc., a cancer therapeutics company backed by Alphabet Inc., people familiar with the matter said.The companies have held discussions about Gilead taking a significant stake in the Hayward, California-based company, and also about possible development partnerships, said the people, who asked not to be identified as the details are private.Arcus shares jumped as much as 54% after the close of regular trading Wednesday. Earlier in the day, the shares fell 7.2% to $15.58 in New York during the regular trading session, giving the company a market value of $716.3 million.No deal is certain and the talks could still fall apart, the people said.Gilead has been expanding through acquisitions into one of the hottest areas of pharmaceutical research: cancer treatments that harness the immune system to fight tumors. It acquired Forty Seven, an experimental cancer treatment company, in a $4.9 billion deal last month,
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GILD
Earnings
- 10/30/25 - Beat
GILD
Sec Filings
- 12/1/25 - Form 4
- 12/1/25 - Form 4
- 12/1/25 - Form 4
- GILD's page on the SEC website