Bristol Myers ends cancer drug collab with Immatics

17 September 2024

US pharma major Bristol Myers Squibb (NYSE: BMY) has decided to end its collaboration with Germany-based Immatics (Nasdaq: IMTX) for the co-development of IMA401.

The firm’s have been working together on the TCR-based bispecific cancer immunotherapy under the terms of a partnership established in late 2021.

The decision, driven by Bristol Myers' ongoing portfolio prioritization, will take effect on December 12, after which all rights to IMA401 will revert to Immatics.

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