RE: Deal,Takeover ?27 Nov 2025 10:48
On Monday, Gilead bought Sprint’s TREX1 preclinical cancer immunotheraphy programme for a potential $400m. Prior to this, the entire Swedish company was only valued at c$15-$20m and the sale just involved one of their assets.
The new agreement calls for Gilead to pay Sprint $14 million up front and as much as $400 million more if the program meets certain clinical, regulatory and commercial milestones.
Once the imminent CLX and Blue Ribbon Bio (VAL201) patents are secured, early partnering is on the cards for both. As in the Sprint deal, any partnership may only involve one or maybe both of these assets, leaving multiple other assets and the Inaphaea lab on a free ride. Of course, it may be that the interested party looks at the total Val package and buys lock, stock and barrel.