Kronos Bio and Gilead Sciences Enter Into Asset Purchase Agreement for Gilead's SYK Inhibitor Portfolio
Kronos Bio, Inc., a clinical-stage biopharmaceutical company dedicated to the discovery and development of novel cancer therapeutics designed to transform patient outcomes by targeting dysregulated transcription, today announced that it has entered into an asset purchase agreement with Gilead Sciences, Inc. to acquire Gileads spleen tyrosine kinase (SYK) inhibitor portfolio.
- Kronos Bio, Inc., a clinical-stage biopharmaceutical company dedicated to the discovery and development of novel cancer therapeutics designed to transform patient outcomes by targeting dysregulated transcription, today announced that it has entered into an asset purchase agreement with Gilead Sciences, Inc. to acquire Gileads spleen tyrosine kinase (SYK) inhibitor portfolio.
- Kronos is uniquely positioned to advance these differentiated and selective SYK inhibitors by leveraging our expertise in oncology and transcriptional regulatory networks, said Norbert Bischofberger, Ph.D., President and Chief Executive Officer of Kronos.
- Kronos intends to initially focus on developing the SYK inhibitor program in a biomarker-defined subset of patients with acute myelogenous leukemia (AML).
- The Beat AML Trial directed by The Leukemia & Lymphoma Society has partnered closely with Gilead and looks forward to continued close collaboration with Kronos Bio.