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Stock impact report

Arcus Biosciences: Anti-TIGIT Therapy On Track With ARC-7 Results [Seeking Alpha]

Arcus Biosciences, Inc. (RCUS) 
Last arcus biosciences, inc. earnings: 3/5 04:10 pm Check Earnings Report
Company Research Source: Seeking Alpha
AzmanJaka/E+ via Getty ImagesArcus Biosciences (NYSE:RCUSspecializing in cancerdomvanalimabDespiteany difficulties associated with its mode of activity and competition from other firms, Arcus Biosciences' dedication to the development and fresh treatments for oncology makes them an inviting choice for investors in the biotechnology sector.Financials Signal Growing R&D InvestmentAt the end of December 2022, Arcus Biosciences had cash, cash equivalents, and marketable securities totaling$1.1 billionFor the fourth quarter of 2022, revenues totaled $34 million as compared to those of the same period in 2021 which were recorded at $355 million. Comparing revenues between two different periods can be tricky when there was an anomalous event during the earlier period, such as in the fourth quarter of 2022 and 2021. The latter had an impressive $355 million due toGilead's exercise of their optionsLicense and development service revenues amounted to $26 million following an agreement with Gile Show less Read more
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