Pharma BD Deal Intelligence

Gilead Sciences, Inc. / HOOKIPA Pharma Inc.

2025 · Asset Purchase · $10M · Complete

Gilead Sciences agreed to acquire HOOKIPA Pharma's assets for the HB-400 chronic hepatitis B program and certain assets of the HB-500 HIV program, both previously developed under the parties' 2022 amended and restated research collaboration and license agreement. Consideration is up to $10 million in cash, with $3 million payable at closing and up to $7 million in staged transfer-completion payments. The sale required HOOKIPA stockholder approval and closed on October 30, 2025.

This deal is too recent to grade. Critic Score and Outcome Score are assigned after the announcement-week coverage settles and, for Outcome, after the 5-year post-close assessment window opens — expected 2030 at the earliest for this deal, once/if it closes.

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