Gilead Waives Acquisition Option As Pionyr Explores Other Strategies
$315m Buy Off The Cards
• By Ayisha Sharma
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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.
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.
Back in 2020, Gilead paid $275m for an equity stake in Pionyr in a bid to build out into the...
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