Bristol-Myers, Eisai in up to USD 3.1 billion deal to develop cancer drug candidate
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New Delhi: Bristol-Myers Squibb Co and Eisai Co said on Thursday they had entered into an agreement worth up to USD 3.10 billion to jointly develop and market an experimental cancer drug.
Bristol-Myers would pay USD 650 million, including for research and development expenses to Eisai, which will also be eligible for up to USD 2.45 billion in milestone payments, the companies said.
They would jointly develop and market the drug, MORAb-202, in Asia, Europe, the United States and Canada.
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