Bristol-Myers Squibb in $600 million deal with Padlock Therapeutics
US pharma company Bristol-Myers Squibb (NYSE: BMY) has agreed to acquire all the outstanding capital stock of privately-held autoimmune disease treatment developer Padlock Therapeutics in a deal worth up to $600 million.
The acquisition will give Bristol-Myers Squibb full rights to Padlock’s Protein/Peptidyl Arginine Deiminase (PAD) discovery program.
PADs are a family of enzymes that produce autoantigens which play an active role in the development and progression of rheumatoid arthritis (RA) and other autoimmune diseases.
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