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Bristol's Fibrotic Game Plan: Promedior Buy Hinges On Phase II Data

 
• By Joseph Haas

Already very active in deal-making for fibrotic disease companies and candidates in the past year, Bristol-Myers Squibb ponied up $150m in upfront cash on Aug. 31 for an option to acquire Promedior Inc. and its mid-stage biologic for myelofibrosis (MF) and idiopathic pulmonary fibrosis (IPF).

Already very active in deal-making for fibrotic disease companies and candidates in the past year, Bristol-Myers Squibb ponied up $150m in upfront cash on Aug. 31 for an option to acquire Promedior Inc. and its mid-stage biologic for myelofibrosis (MF) and idiopathic pulmonary fibrosis (IPF).

Privately held Promedior is developing PRM-151, a recombinant form of human pentraxin-2 protein, in both indications, and has completed the first stage of a Phase II trial in MF and a Phase Ib study in IPF

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