Gilead tosses $100M milestone chip in its fast-growing gamble on new NASH drugs
Almost two years to the day since Gilead $GILD struck a deal worth up to $470 million for Phenex’s FXR agonist program for NASH, the big biotech has followed up with a $100 million milestone payment. Phenex execs say that Gilead has selected GS-9674 to test in NASH, primary biliary cholangitis (PBC) and primary sclerosing cholangitis.
The drug is now in Phase II in all three indications.
Gilead has been investing heavily in an expanding NASH pipeline. Last November it added a $200 million milestone — on top of a $400 million upfront — to Nimbus for an ACC inhibitor now known as GS-0976.
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