Feb. 23 at 5:28 PM
$MGNX Gilead Sciences has struck a deal to buy Arcellx for
$7.8 billion to take full control of a CAR-T cell therapy that is on the cusp of approval.
Arcellx partnered with Gilead to develop the BCMA-directed CAR-T anitocabtagene autoleucel (anito-cel) in 2022. Gilead invested in Arcellx as part of the agreement and, having invested again when amending the deal in 2023, owns 11.5% of the company. With Gilead on the hook for
$530 million in milestones for anito-cel, analysts had speculated about a potential buyout.