CBAY · CymaBay Therapeutics
Acquired Company
Gilead acquired CymaBay Therapeutics, Inc. on 3/22/2024 for approximately $4.3 billion in total equity value.
03/22/2024- Acquired by Gilead. As a result of the completion of the merger, CymaBay has become a wholly-owned subsidiary of Gilead. CymaBay Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing therapies for liver and other chronic diseases with high unmet medical need. CymaBay Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing therapies for liver and other chronic diseases with high unmet medical need. CymaBay is developing seladelpar, a potent, selective, orally active PPARδ agonist for patients with primary biliary cholangitis (PBC). Seladelpar has received an orphan designation from the US Food and Drug administration (FDA) and the European Medicine Agency (EMA). Seladelpar also received Breakthrough Therapy Designation from the FDA for early stage PBC and PRIority MEdicines status from the EMA. CymaBay is currently commencing a global, Phase 3 registration study of seladelpar for PBC. This study is a 52-week, placebo-controlled, randomized, phase 3 study to evaluate the safety and efficacy of seladelpar (RESPONSE) in patients with PBC.
Market Cap
N/A
52 Wk Range
N/A - N/A
Previous Close
$32.48
Open
$32.48
Volume
73
Day Range
$32.48 - $32.48
Enterprise Value
N/A
Cash
N/A
Avg Qtr Burn
N/A
Insider Ownership
0.52%
Institutional Own.
N/A
Qtr Updated
Jun 30th 2024
