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Neuroscience
BMS doubles down on neurodegenerative diseases
by Shi En Kim
July 16, 2023
| A version of this story appeared in
Volume 101, Issue 23
In quick succession, Bristol Myers Squibb has entered global licensing agreements with both Evotec and Prothena for their neurodegenerative programs. A BMS partner since 2016, Evotec will receive $40 million for the rights to its late-stage discovery programs, plus milestone and royalty payments. BMS will pay Prothena $55 million for PRX005, an anti-tau antibody for treating Alzheimer’s disease. Earlier this year, Prothena announced that PRX005 was well tolerated among participants in Phase 1 clinical studies.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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