Gilead Sciences, Inc. entered into partnership negotiations with Immunomedics, Inc. six months ago and emerged from those discussions on 13 September with plans to buy the company for $21bn, giving the biotechnology giant its first approved solid tumor therapy – the Trop2-targeting antibody-drug conjugate (ADC) Trodelvy (sacituzumab govitecan) for third-line metastatic triple-negative breast cancer (TNBC).
Gilead Buys Pipeline-In-A-Product With $21bn Immunomedics Deal
Acquisition Gives The Big Biotech Its First Approved Solid Tumor Drug
The company paid twice Immunomedics’ last closing stock price to access Trodelvy, approved for triple-negative breast cancer with potential in other solid tumors as monotherapy and in combinations.
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