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  • Bristol-Myers, Eisai...

Bristol-Myers, Eisai in up to USD 3.1 billion deal to develop cancer drug candidate

Medical Dialogues TeamWritten by Medical Dialogues Team Published On 2021-06-19T11:00:00+05:30  |  Updated On 2021-06-19T17:52:16+05:30
Bristol-Myers, Eisai in up to USD 3.1 billion deal to develop cancer drug candidate

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...

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.

Bristol-Myers in May entered into a USD 1.56 billion deal with Agenus Inc to exclusively develop and market its experimental drug for immuno-oncology treatments, including non-small-cell lung cancer.

Also Read:BDR Pharma launches generic cancer drug Rucaparib in India

The drugmaker has been betting on sales of its Opdivo drug to treat such cancers, in a market currently dominated by Merck & Co's rival treatment, Keytruda.

Eisai's drug, MORAb-202, is being developed for the treatment of solid tumors, including ovarian, lung and breast cancers and is in the early stage of development.

Bristol-Myers will pay Eisai a royalty on sales outside of the collaboration territories, the companies said.

Also Read:Bristol-Myers Squibb gets USFDA nod to multiple myeloma therapy






bristol myers squibb eisai cancer drugs MORAb-202 opdivo 
Source : Reuters
Medical Dialogues Team
Medical Dialogues Team

    Medical Dialogues Bureau consists of a team of passionate medical/scientific writers, led by doctors and healthcare researchers. Our team efforts to bring you updated and timely news about the important happenings of the medical and healthcare sector. Our editorial team can be reached at editorial@medicaldialogues.in.

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