Galecto option deal doubles Bristol-Myers IPF portfolio

Bristol-Myers Squibb signed a deal worth up to $444m with Galecto Biotech that gives the US big pharma company an option to buy Galecto and adds a second idiopathic pulmonary fibrosis (IPF) drug to the BMS pipeline.

Bristol-Myers Squibb signed a deal worth up to $444m with Galecto Biotech that gives the US big pharma company an option to buy Galecto and adds a second idiopathic pulmonary fibrosis (IPF) drug to the BMS pipeline.

Copenhagen, Denmark-based Galecto's lead drug candidate TD139 is one of 15 IPF therapies in the clinic, according to Sagient Research's...

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