BridgeBio, BMS Set Sail In Expanded SHP2 Collaboration

Deal Snapshot: The licensing deal worth up to $905m is on top of the companies’ existing partnership to develop BBP-398 together with BMS’s PD-1 inhibitor Opdivo and shows growing pharma interest in SHP2.

BridgeBio and BMS announced an expansion to their partnership to develop SHP2 inhibitor BBP-398 • Source: Shutterstock

Who: BridgeBio/Bristol Myers Squibb

What: The companies are partnering on the development and commercialization of BridgeBio’s SHP2 inhibitor BBP-398, expanding a collaboration announced in July 2021 to develop the drug with BMS’s PD-1

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