Assembly Biosciences Says Assembly Bio Eligible For Up To $280M In Milestones And Royalties Outside U.S.; GS-1179 Expected To Advance Into Phase 2 Trial For Genital Herpes By End Of 2026; Assembly Bio Expects Cash Runway Into 2029
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Why It Matters
Assembly Biosciences found a money partner who will pay them up to $280 million if their herpes medicine works well in other countries. This means the company has more cash to keep testing new drugs and won't run out of money for a few more years.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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