June 22, 2024

Arcus Biosciences: Did Gilead Sciences overpay for its latest investment? (NYSE:RCUS)

Earlier this week, Gilead Sciences (NASDAQ:GILD) raised its stake in Arcus Arcus Biosciences (NYSE:RCUS) to 33% from ~20% by making an additional equity investment of ~$320 million. The new share purchase came priced $21/share, compared to the $15.49 that RCUS shares were trading at on

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