Immatics and BMS ink deal worth up to $920 million

14 December 2021

Germany-based Immatics (Nasdaq: IMTX), a company focused on the discovery and development of T cell-redirecting cancer immunotherapies, has entered into a license, development and commercialization agreement with US pharma major Bristol Myers Squibb (NYSE: BMY).

The agreement secures BMS a global exclusive license to Immatics’ TCR bispecific program, IMA401.

Following the announcement of the news, Immatics’ share price rose 5% in the first two hours of trading on Tuesday.

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