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BMS Bets $8.4bn On Biokin’s Bispecific ADC

New Validation Of Chinese Innovation

 
• By Dexter Jie Yan

In a record licensing deal involving a single biopharma asset from China, Biokin and its US subsidiary SystImmune will receive up to $8.4bn from BMS, including $800m upfront, for a bispecific ADC with broad oncology potential. 

acquisition deal
BL-B01D1 adds another ADC to BMS's diverse pipeline • Source: Shutterstock

Bristol Myers Squibb Company has gained access to the bispecific antibody-drug conjugate (ADC) BL-B01D1 from Shanghai-listed Sichuan Biokin Pharmaceutical, in a huge deal worth up to $8.4bn that the US major intends to ride to bolster its oncology pipeline across multiple possible indications.

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