Immatics and BMS ink deal worth up to $920 million
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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