Bristol-Myers Squibb Co. will pay $105 million up front and as much as $1.76 billion in milestones to use Halozyme Therapeutics Inc.'s Enhanze technology to develop subcutaneous versions of drugs against up to 11 immuno-oncology targets. [See Deal] The deal has the potential to be Halozyme's most lucrative to date. Also in September, Halozyme announced that Roche will pay $30 million up front and up to $160 million in milestone fees to add a target to their existing partnership. [See Deal]
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