BioArctic's global license agreement with Bristol Myers Squibb for PyroGlutamate-amyloid-beta antibody program effective after antitrust clearance and closing
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BioArctic has finalized a global license agreement with Bristol Myers Squibb for its PyroGlutamate-amyloid-beta antibody program, following antitrust clearance. BioArctic will receive a $100 million upfront payment.
February 20, 2025 | 6:00 am
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Bristol Myers Squibb has completed a global license agreement with BioArctic for the PyroGlu-Aβ antibody program, following FTC clearance. This strategic move involves a $100 million upfront payment to BioArctic.
The completion of the license agreement and the $100 million payment indicate a strategic expansion for Bristol Myers Squibb in the biotech sector, likely boosting investor confidence and potentially impacting stock positively.
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