trending Market Intelligence /marketintelligence/en/news-insights/trending/SF1Qv9-5HLBpXRHD7CRH1w2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Gilead pays $80M up front for first access to Scholar Rock fibrotic treatments

Blog

COVID-19 Impact & Recovery: Healthcare Outlook for H2 2021

Video

Climate Credit Analytics: Linking climate scenarios to financial impacts

Blog

Global M&A Infographic Q1 2021

Blog

Q1 2021 Global Capital Markets Activity: SPAC IPOs, Issuance in Consumer Discretionary Sector Surge


Gilead pays $80M up front for first access to Scholar Rock fibrotic treatments

Gilead Sciences Inc. has joined with Scholar Rock Holding Corp. to discover and develop treatments for fibrosis, a disease that scars tissues and vital organs and can be fatal.

Under the agreement, Gilead will pay $80 million up front for exclusive access to results of Scholar Rock's research in transforming growth factor beta, an inhibitor that targets what is thought to be a central regulator of fibrosis.

The up-front payment is a combination of $50 million in cash and $30 million of Scholar Rock common stock. Also available down the road is an option for Scholar Rock to gain $25 million in milestone payment for successful preclinical studies and a potential $1.43 billion based on research, development, regulatory and commercial goals. The research company would also be eligible for royalties.

Foster City, Calif.-based Gilead has recently signed a new CEO, Daniel O'Day, who previously led Roche Holding AG's pharmaceutical group.