Pharma BD Deal Intelligence

Gilead Sciences Inc. / Tubulis GmbH

2026 · Acquisition/Merger · $5.0B · Complete

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

Sep 15, 2025 Targeted Oncology Bullish

The FDA has granted fast track designation to TUB-040, a NaPi2b-targeted antibody-drug conjugate, for the treatment of patients with platinum-resistant ovarian…

Apr 07, 2026 MedCity News Bullish

Gilead Sciences is acquiring Tubulis for $3.15 billion upfront plus up to $1.85 billion in milestone payments. The Munich-based biotech specializes in antibody…

May 21, 2026 www.gilead.com Bullish

Gilead Sciences completed its acquisition of Tubulis GmbH on May 21, 2026. Gilead acquired all the outstanding equity of Tubulis for $3.15 billion in upfront…

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Gilead acquired German ADC specialist Tubulis for $3.15B upfront (cash-free, debt-free) plus up to $1.85B in milestones (~$5B total). The acquisition closed on May 21, 2026. It brings lead asset TUB-040 (NaPi2b TOPO1i ADC in Phase 1b/2 for platinum-resistant ovarian cancer; FDA Fast Track), TUB-030 (5T4 ADC), and a next-gen ADC platform. The Tubulis team remains in Munich as The Tubulis ADC Innovation Center, a dedicated next-gen ADC hub within Gilead.

Key facts

Related deals — scored

DealYearValueOutcome
Gilead Sciences Inc. / Tubulis GmbH (this deal)2026$5.0B
Gilead Sciences Inc. / Pharmasset Inc.2011$11.2B98
Gilead Sciences Inc. / Triangle Pharmaceuticals Inc.2002$464M96
Gilead Sciences Inc. / CymaBay Therapeutics2024$4.4B76
Gilead Sciences Inc. / Nurix Therapeutics Inc.2019$2.3B69
Gilead Sciences Inc. / Immunomedics Inc.2020$21.0B68
Gilead Sciences Inc. / Kite Pharma, Inc.2017$11.9B67

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