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Arcus Biosciences reports $694M cash for pipeline advancement through pivotal trials

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Arcus Biosciences reports $694M cash for pipeline advancement through pivotal trials

Arcus Biosciences has $694M in cash to advance its pipeline through pivotal trials, including the Phase 3 PRISM-1 study of quemliclustat in pancreatic cancer.

Directly affected

  • RCUS Arcus Biosciences

    Named in this report.

Indirectly affected

  • XOM Exxon Mobil

    Oil producers earn more when crude prices rise

  • CVX Chevron

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  • OXY Occidental Petroleum

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  • COP ConocoPhillips

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  • VLO Valero

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  • MPC Marathon Petroleum

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  • XOP SPDR S&P Oil & Gas Exploration

    A fund of oil and gas producers

  • XLE Energy Select Sector SPDR

    A fund of energy companies

  • USO United States Oil Fund

    This fund moves with oil prices

  • OIH VanEck Oil Services

    Oilfield services rise when drilling follows oil prices

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
RCUS———————
XOM———————
CVX———————
OXY———————
COP———————
VLO———————
MPC———————
XOP———————
XLE———————
USO———————
OIH———————

Arcus Biosciences reports $694M cash for pipeline advancement through pivotal trials The Clinical Trial Vanguard

Source: The Clinical Trial Vanguard

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How solid the energy case looks

12 out of 100

“Arcus Biosciences reports $694M cash for pipeline advancement through pivotal trials” scores 12 out of 100. The score uses 1 sources.