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Bristol, BioNTech Ink $11.1-Billion Cancer Deal
Financial Express Pune
|June 03, 2025
BRISTOL-MYERS SQUIBB will pay BioNTech SE as much as $11.1 billion to license a next-generation cancer drug, as competition intensifies in an area of oncology that seeks to harness the immune system to attack tumors.
The German biotech will receive $1.5 billion upfront and $2 billion in installments through 2028, the companies said on Monday.
BioNTech will also be eligible for as much as $7.6 billion in milestone payments, and the partners will split development and manufacturing costs and profits equally.
It's the latest in a slew of deals as pharmaceutical companies battle for a share of a market currently led by Merck & Co.'s Keytruda, the world's best-selling drug.
Diese Geschichte stammt aus der June 03, 2025-Ausgabe von Financial Express Pune.
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