Billion-dollar Bristol Myers deal reflects booming interest in ADCs

20 April 2023

Yet another project focusing on antibody-drug conjugates (ADC) is to get underway, following an agreement between German firm Tubulis and Bristol Myers Squibb (NYSE: BMY).

The deal gives Bristol Myers exclusive rights to access Tubulis’ Tubutecan payloads and proprietary P5 conjugation platform.

The New York-based cancer giant has agreed to pay up to around a billion dollars in development, regulatory and commercial milestones.

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