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RCUS — Arcus Biosciences News Story

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HealthcareAdventurousMid CapMomentum Trap

Arcus falls after co and Gilead scrap late-stage trial of cancer drug combo

** Shares of drug developer Arcus Biosciences RCUS.N fall 8.5% to $23 premarket

** Co says it and Gilead GILD.O will stop a late-stage study testing their experimental cancer drug combination in patients with advanced stomach and esophageal cancers after it failed to show a survival benefit

** An interim analysis showed the combination of GILD's domvanalimab and RCUS' zimberelimab with chemotherapy did not improve overall survival compared to Bristol Myers Squibb's BMY.N nivolumab and chemotherapy

** Up to last close, stock had risen 68.8% YTD

 (Reporting by Puyaan Singh in Bengaluru)

 ((Puyaan.Singh@thomsonreuters.com;))

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