Texas-based Molecular Templates teams up with Bristol Myers

12 February 2021

Targeted biologic specialist Molecular Templates (Nasdaq: MTEM) has entered into a global research collaboration with Bristol Myers Squibb (NYSE: BMY) which could be worth over $1.3 billion to the Texan company.

The firms will work together with the goal of discovering and developing multiple novel therapies designed for specific oncology targets.

Molecular Templates touts a next generation engineered toxin body (ETB) platform, representing a new class of targeted therapeutic.

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