Gilead pays $43M to license Xilio’s IL-12 program that could turn ‘cold’ tumors ‘hot’
28 Mar 2024
License out/inPhase 1PROTACs
Xilio Therapeutics had a bevy of announcements on Thursday — it entered a licensing deal for its Phase 1 IL-12 program with Gilead, took an investment from private investors, shuffled its pipeline and is laying off 15 employees.
Gilead is placing a $43.5 million bet on Xilio’s engineered interleukin-12, a cytokine that regulates the immune system and could be used to treat cancers. Gilead’s decision to buy into an IL-12 program comes after other Big Pharma companies like AstraZeneca and Bristol Myers Squibb scrapped their IL-12 candidates.
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Source: EndPoints
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