Gilead Sciences Inc., the developer of life-changing HIV, hepatitis C and cancer therapies, plans to build a 175,000-square-foot, multi-story research center on its Foster City headquarters campus.
"It's a significant investment," Ganguly said."It is the largest capital investment that we will be making in our master plan in the last four years."in its master plan with Foster City. That long-range document gives the company flexibility to accelerate building projects, yet the new research center still must go through a number of city reviews and isn't planned to open until late 2026.
Gilead has been known as a deep-pocketed buyer of drug programs already in clinical trials, including some of its early HIV drugs, its string of hepatitis C therapies, its cancer cell therapy business and its potential multi-cancer drug Trodelvy, which it received as part of its $21 billion acquisition of Immunomedics Inc. in October 2020.
"A key tenet of the master plan is to create an internal research infrastructure that catalyzes our ambitions in the three therapeutics areas" — virology, inflammation and cancer — Martin said."This new center will do just that by helping further accelerate and scale our ability to create new solutions to serious medical challenges.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ireland: A Global Center for Life SciencesCompanies from around the world are investing millions of dollars in setting up and maintaining their life sciences operations in Ireland. From a deep pool of talent to consistent support from the government, the Irish life sciences sector is booming. Ireland is a fantastic story and a natural escape destination from Brexit ... speaking (some) English also helps Or because they have a 13% corporate income tax. There could be that.
Source: Reuters - 🏆 2. / 97 Read more »
California Academy of Sciences study finds 28 new gecko speciesDespite growing concerns for biodiversity in the wild, a new study from the Academy of Sciences has identified several new gecko species in New Calendonia, Australia .
Source: abc7newsbayarea - 🏆 529. / 51 Read more »
Jewelry worth $560k,000 taken from car during robbery at red light in Southern CaliforniaThe victim chased and collided with the suspect’s vehicle at Garden Grove intersection.
Source: mercnews - 🏆 88. / 68 Read more »
Tips for battling seasonal depression on 'Blue Monday'Dr. Kelli Johnson, dean of the College of Psychology and Behavioral Sciences at National Louis University, explains the science behind 'Blue Monday' and offers advice on how people can overcome seasonal depression.
Source: fox32news - 🏆 547. / 51 Read more »
Alzheimer’s drug saga prompts journal to scrutinize whistle-blowersPublication requires complainants to disclose financial conflicts in the wake of controversy over Cassava Sciences’ experimental treatment simufilam. this is what ADT drug degarelix/firmagon has done to my brain
Source: Nature - 🏆 64. / 68 Read more »
Ora’s Good Cat Said To Be Coming To South Africa This YearEstimates are that the Good Cat is expected to retail in South Africa for around R600,000 ($35,000), which would make it the most affordable fully-electric model in the country.
Source: cleantechnica - 🏆 565. / 51 Read more »