
Gilead Sciences to acquire Repare’s RP-3467

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Gilead Sciences has agreed to acquire Repare Therapeutics' Polθ ATPase inhibitor, RP-3467, for up to $30 million. The deal includes a $25 million upfront payment and up to $5 million upon technology transfer completion. This acquisition boosts Repare's cash reserves, impacting shareholder payments, estimated at $2.20 per share. Repare's CEO, Steve Forte, highlights the transaction as a significant portfolio move, combining Gilead's oncology expertise with RP-3467's potential in targeting BRCA mutations.
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