Former President Joe Biden has been diagnosed with prostate cancer, according to a statement from his office Sunday afternoon.

"Last week, President Joe Biden was seen for a new finding of a prostate nodule after experiencing increasing urinary symptoms. On Friday, he was diagnosed with prostate cancer, characterized by a Gleason score of 9 (Grade Group 5) with metastasis to the bone," the statement read.

"While this represents a more aggressive form of the disease, the cancer appears to be hormone-sensitive which allows for effective management. The President and his family are reviewing treatment options with his physicians," the statement concluded.

This is a developing story. Check back for updates.