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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Gilead Sciences Inc | NASDAQ:GILD | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.0901 | 0.14% | 64.8701 | 64.87 | 64.88 | 65.12 | 64.34 | 64.78 | 2,535,075 | 18:32:54 |
From Nov 2023 to May 2024
By Colin Kellaher
Shares of Arcellx jumped more than 10% in premarket trading Wednesday after the clinical-stage biotechnology company inked an extension of its collaboration with Gilead Sciences that includes a $200 million equity investment at a rich premium.
Gilead, which late last year invested $100 million for a nearly 7.2% stake in Arcellx, is buying an additional 3.24 million share at $61.68 each, 30% above Tuesday's closing price of $47.47 and nearly triple Arcellx's closing price of $21.68 on Dec. 8, 2022, the day before the companies unveiled their collaboration.
The new investment will raise Gilead's stake in Arcellx to around 13%, making it the Gaithersburg, Md., company's largest shareholder, according to FactSet data.
Arcellx shares were recently up 12% to $53.26 in premarket trading.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
November 15, 2023 08:15 ET (13:15 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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