Gilead to Buy Ouro Medicines for Its Autoimmune Drugs
A scientist at the Gilead Sciences Inc. makes human proteins at the Gilead laboratory in Foster City, California.
Photographer: David Paul Morris/Bloomberg
Gilead Sciences Inc. said it would acquire Ouro Medicines, a closely held company testing novel antibody drugs against autoimmune diseases, for as much as $2.18 billion.
Under terms of the deal, Gilead will pay $1.68 billion in cash up front to buy Ouro, plus as much as $500 million more contingent on meeting certain milestones. The deal would provide Gilead access to Ouro’s antibody drug gamgertamig, which received so-called “Fast Track” designation from the US Food and Drug Administration in January. It’s in early-stage trials for autoimmune hemolytic anemia, immune thrombocytopenia and other autoimmune conditions.