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BMS strikes $350m deal to boost its immuno-oncology pipeline


BMS strikes $350m deal to boost its immuno-oncology pipeline
Will collaborate with US biotech Five Prime Therapeutics
Bristol-Myers Squibb has signed a $350m deal to boost its immuno-oncology pipeline, following through on its promise last year to increase its investment in the area.
The pharma company will collaborate with San Francisco-based biotech Five Prime Therapeutics to discover, develop and commercialise novel immuno-oncology therapies.
BMS prioritised immuno-oncology, which involves research into how a body s own immune system can fight cancer, in November when it discontinued discovery research in neuroscience, hepatitis C and diabetes.
Its new deal with Five Prime will focus on targets identified in two undisclosed immune checkpoint pathways using the biotech s proprietary target discovery platform. ....

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