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BMS Reacquisition Bulks Up ASLAN’s Deal Chest

 
• By Ian Haydock

Singapore's ASLAN has licensed back to originator BMS the Asian rights to a novel oncology molecule with potential as both a mono and combination therapy, boosting funding for potential future deals in the process.

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Bristol-Myers Squibb Co. is paying Aslan Pharmaceuticals Pte. Ltd. $10m upfront to reacquire at an early stage the Asian rights to a first-in-class oncology molecule it originally licensed to the Singapore-based oncology venture back in 2011.

ASLAN will also be eligible for development and regulatory milestones "in excess of" a further $50m, plus royalties on BMS'...

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