- AbCellera Biologics Inc ABCL has announced agreements to expand its collaboration with Gilead Sciences Inc GILD, including a multi-year, multi-target antibody discovery collaboration.
- Under the agreements' financial terms, AbCellera will receive an upfront payment and is eligible for milestone payments and royalties.
- Under the new agreement, AbCellera will generate panels of antibodies for up to eight new targets selected by Gilead.
- The expanded collaboration will leverage AbCellera's fully humanized antibodies using the Trianni Mouse platform and the OrthoMab protein engineering platform.
- Price Action: GILD shares increased 1.75% at $65.74, and ABCL shares are up 8.33% at $36.79 on the last check Thursday.
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