Bristol Myers Squibb has opted to buy the global rights to Prothena’s anti-tau Alzheimer’s candidate PRX005, paying $55m to expand an existing US-only deal.
BMS And Prothena’s Expanded Deal Shows Growing Confidence In Targeting Tau
But First Clinical Benefits Yet To Be Seen
After serial failures with tau antibodies for Alzheimer’s, BMS’ expanded deal with Prothena signals its growing confidence in PRX005, a new molecule targeting a different region on the toxic protein.
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