Baker Bros. Advisors Adds $3M in Arcus Biosciences, Inc. ($RCUS)
Key Points
- Baker Bros. Advisors changed its Arcus Biosciences, Inc. ($RCUS) stake by 53.9% last quarter, boosting to 415,621 shares worth $9.89 million.
- Wall Street's consensus rating on $RCUS is Strong Buy and an average price target of $35.75.
- $RCUS last traded around $23.80.
Baker Bros. Advisors increased its position in Arcus Biosciences, Inc. ($RCUS) by 53.9% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 415,621 shares of Arcus Biosciences, Inc. after buying 145,621 shares during the quarter. Baker Bros. Advisors's holdings in Arcus Biosciences, Inc. were worth $9.89 million as of its most recent filing.
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About Arcus Biosciences, Inc.
Arcus Biosciences, Inc., a clinical-stage biopharmaceutical company, develops and commercializes cancer therapies in the United States. The company's development product portfolio includes Casdatifan, a HIF-2a inhibitor for the treatment of kidney cancer; Domvanalimab, an anti-TIGIT antibody, which is in Phase 2 and Phase 3 clinical trial for lung and gastrointestinal cancers; and Zimberelimab, an anti-PD-1 antibody. It also develops Quemliclustat, a small molecule inhibitor that targets the CD73 enzyme in the ATP-adenosine pathway, which is in phase 3 and phase 1/1b clinical trial for lung and pancreatic cancer. In addition, the company develops AB598, a CD39 antibody, which is in phase 1/1b clinical study for gastrointestinal cancer and AB801, an AXL inhibitor, which is in Phase 1b clinical trial for lung cancer. It has clinical collaboration with AstraZeneca for the Phase 3 PACIFIC-8 trial evaluating domvanalimab and durvalumab in Stage 3 NSCLC and for a Phase 1/1b study evaluating casdatifan and volrustomig in IO-naive patients with ccRCC; BVF Partners L.P. to support the discovery and development of compounds for the treatment of inflammatory diseases; and Bristol-Myers Squibb Company to develop a novel treatment regimen that delivers tumor control in kidney cancer. Arcus Biosciences, Inc. was incorporated in 2015 and is based in Hayward, California.
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