MacroGenics Announces Achievement of $10 Million Milestone Following Gilead's Exercise of Option to License Preclinical Bispecific Program
Gilead Sciences exercised its option under a 2022 collaboration agreement to obtain an exclusive license for a preclinical bispecific program from MacroGenics, triggering a $10 million payment to MacroGenics. The announcement was made by MacroGenics on Aug. 11, 2026.
Why it matters — This option exercise results in a $10 million milestone payment to MacroGenics and progresses the companies' collaboration on a preclinical bispecific program.