What happened to Arcellx stock?
Arcellx completed its definitive merger agreement with Gilead Sciences, under which Gilead acquired the company for a substantial cash price per share plus a contingent value right. Following the successful completion of the tender offer and subsequent transaction closing, Arcellx became a wholly owned subsidiary of Gilead Sciences. Consequently, its common stock was officially delisted from the Nasdaq Global Select Market, terminating its status as an independent publicly traded entity.
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The acronym ACLX serves as the NASDAQ stock ticker symbol for Arcellx, Inc.
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The share price of Arcellx, Inc. (listed on the NASDAQ global market under the ticker symbol ACLX) is approximately 115.07 USD.
Under the definitive agreement and plan of merger between Gilead Sciences and Arcellx Inc (ACLX), Gilead acquired Arcellx through a structured two-step transaction consisting of a cash tender offer followed by a merger.
Gilead Sciences has significantly expanded its antiviral, oncology, and cell therapy pipeline through major strategic corporate acquisitions.