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Stock impact report

Arcus Surges 50% In After-Hours Trading On Rumored Gilead Stake [Yahoo! Finance News]

Mizuho Financial Group, Inc. Sponosred ADR (Japan) (MFG) 
US:NYSE Investor Relations: mizuho-fg.com/investors/index.html
Shares of cancer therapy researcher Arcus Biosciences RCUSGILDArcus, which is partly backed by GV, Alphabet’s GOOGLRCUS has a number of I/O [immuno-oncology] clinical assets, with AB154 anti-TIGIT) receiving considerable attention following the advancement of a competitor candidate Roche’s tiragolumab) into Phase III studies earlier this year.According to Mizuho Securities analystMara Goldstein“The focal point for RCUS today for investors is AB154, an anti-TIGIT, which could be on a path to be the “next checkpoint” approved for cancer; and RCUS does have a full pipeline of assets that are on the way toward clinical validation” she writes.Plus with GILD’s takeout of Forty Seven for $4.9 billion in March for the addition of Forty Seven’s investigational lead product candidate, magrolimab), she sees compelling valuation scenarios for RCUS shares.However Goldstein believes that the stock deserves support, regardless of Gilead, writing “Bottom line for us that is that partner activity or n Show less Read more
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