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Bristol, BioNTech Ink $11.1-Billion Cancer Deal
Financial Express Kochi
|June 03, 2025
BREAKTHROUGH
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.
Dit verhaal komt uit de June 03, 2025-editie van Financial Express Kochi.
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