Gilead Pays $1.875 Billion for Exclusive License to Vir's Three Dual-Masked Solid Tumor TCEs
Vir Biotechnology has granted Gilead an exclusive license to develop and commercialize three novel PRO-XTEN dual-masked T cell engagers (TCEs) targeting selected solid tumor antigens, under a collaboration and license agreement announced October 14 in San Francisco. The deal is worth $1.875 billion. The companies will work to discover and design the three development candidates.
Why it matters: Large licensing deal for solid tumor TCEs between Gilead and Vir Biotechnology.
