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Gilead Waives Acquisition Option As Pionyr Explores Other Strategies

$315m Buy Off The Cards

 
• By Ayisha Sharma

Gilead has waived its option to acquire Pionyr, allowing the US biotech to explore other partnerships and financing opportunities as it advances a promising pipeline of macrophage-targeting antibodies.  

Three blank, white signposts on a pink background, representing choice
Pionyr Can Now Consider Different Pathways For Its Future • Source: Shutterstock

Following a mutual agreement, Gilead Sciences, Inc. has waived its option to acquire Pionyr Immunotherapeutics Inc. for a pre-set price, enabling Pionyr to shop around for new opportunities as macrophage-targeting therapies grow in popularity.

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