Bristol-Myers commits up to $1.2bn in CytomX deal

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...

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