Bristol-Myers Squibb to pay $1.85 billion in cancer deal with NektarStaff Writer | February 15, 2018
Bristol-Myers Squibb will pay Nektar Therapeutics $1.85 billion for a global development and profit-sharing deal on a promising Nektar cancer drug.
Acquisition One of the largest single-drug collaboration deals ever
If all potential development, regulatory and sales milestones in the deal are met, it could be worth more than $3.6 billion to Nektar, while giving Bristol-Myers a new immunotherapy platform.
The partnership is built around the Nektar drug, NKTR-214, which will be tested with Bristol's immuno-oncology (IO) drugs Opdivo and Opdivo and Yervoy in 20 cancer indications across nine different tumor types, including melanoma, kidney and lung cancers, following "very encouraging" early data from clinical trials. ■