Better to Check out This High-Flier

December 19, 2023

DENVER, Colo., Dec 19, 2023 (247marketnews.com)- Gilead Sciences, Inc. (NASDAQ:GILD) and Compugen Ltd. (NASDAQ:CGEN) jointly announced, this morning, that they signed an exclusive license agreement for its potential first-in-class, pre-clinical antibody program against IL-18 binding protein, including the COM503 drug candidate. Gilead will make $60 million upfront payment and $30 Million in near term milestone payments, with a total deal value of up to $848 million.

Compugen is trading at $1.07, up $0.34 (+46.58%), on 586K shares traded.

Its 52-week range is $0.53 to $1.4897. This may be on its way to a new 52-week high.

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