Arcus Biosciences Announces That Taiho Pharmaceutical Has Exercised Its Option to Develop and Commercialize AB928 in Its Territories
Arcus Biosciences, Inc. (RCUS)
Last arcus biosciences, inc. earnings: 3/5 04:10 pm
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Source: Business Wire
HAYWARD, Calif.--(BUSINESS WIRE)-- Arcus Biosciences, Inc. (NYSE:RCUS), a clinical-stage biopharmaceutical company focused on creating innovative cancer immunotherapies, today announced that Taiho Pharmaceutical Co., Ltd. (Taiho) exercised its option under the Option and License Agreement entered into in September 2017 (Taiho Agreement) to obtain an exclusive development and commercialization license to the Company’s adenosine receptor antagonist program, which includes AB928 and back-up compounds, in Japan and certain other territories in Asia (excluding China). In addition to an option exercise payment, Arcus is eligible to receive clinical and regulatory milestones totaling up to $130 million as well as commercialization milestones and royalties on net sales for this program. “We are pleased that Taiho has decided to exercise their option just as we are initiating our Phase 1/1b program for AB928 in the U.
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News
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- Arcus Biosciences Announces New Employment Inducement GrantsBusiness Wire
- Arcus Biosciences, Inc. (NYSE: RCUS) had its "buy" rating re-affirmed by analysts at Truist Financial Co.. They now have a $50.00 price target on the stock.MarketBeat
RCUS
Earnings
- 2/21/24 - Beat
RCUS
Sec Filings
- 3/29/24 - Form 4
- 3/27/24 - Form 144
- 3/20/24 - Form 4
- RCUS's page on the SEC website