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Alzheimer's Drug Deal: How BioArctic's $1.3B Bristol Myers Agreement Could Transform Treatment

Summary by stocktitan.net
Major licensing agreement finalized for innovative Alzheimer's antibody program, featuring $100M upfront payment and potential $1.25B in milestones.
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pressreach.compressreach.com

BioArctic's global license agreement with Bristol Myers Squibb for PyroGlutamate-amyloid-beta antibody program effective after antitrust clearance and closing - PressReach

STOCKHOLM, Feb. 20, 2025 /PRNewswire/ — BioArctic AB (publ) (Nasdaq Stockholm: BIOA B) today announced that BioArctic and its partner Bristol Myers Squibb (NYSE: BMY) have received clearance from the U.S. Federal Trade Commission (FTC) for BioArctic to out-license its PyroGlutamate-amyloid-beta (PyroGlu-Aβ) antibody program to Bristol Myers Squibb. Closing of the agreement has been completed and BioArctic will receive an upfront payment of USD 1…

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stocktitan.netstocktitan.net

Alzheimer's Drug Deal: How BioArctic's $1.3B Bristol Myers Agreement Could Transform Treatment

Major licensing agreement finalized for innovative Alzheimer's antibody program, featuring $100M upfront payment and potential $1.25B in milestones.

Read Full Article
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stocktitan.net broke the news in on Thursday, February 20, 2025.
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