Biogen expands neurology pipeline with B-MS deal

13 April 2017

American biotech firm Biogen (Nasdaq: BIIB) has acquired from Bristol-Myers Squibb (NYSE: BMY) an exclusive license for BMS-986168, a therapy candidate in Alzheimer’s disease (AD) and progressive supranuclear palsy (PSP).

Biogen plans to begin Phase II studies in both AD and PSP for the antibody, which targets ‘extracellular tau’, a protein associated with these conditions.

The company will receive worldwide rights to the candidate and will be responsible for full development and global commercialization in these therapy areas.

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