CytomX Therapeutics will get a $50m upfront payment from Bristol-Myers Squibb and is eligible to receive up to $1.2bn in milestone fees plus research funding and royalties under an agreement to discover, develop and commercialize novel immunotherapies.
The deal announced on 27 May is one of a growing number of collaborations meant to bolster the BMS immuno-oncology pipeline, which includes the approved melanoma treatment Yervoy (ipilimumab) and...
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