Bristol-Myers Squibb (BMY) has announced a transformative global collaboration and licensing deal with Jiangsu Hengrui Pharmaceuticals, valued at up to $15.2 billion. This strategic partnership targets the development of 13 early-stage programs in oncology, hematology, and immunology, addressing significant unmet medical needs. The alliance not only enhances BMY's portfolio but also underscores its commitment to innovative science in critical therapeutic areas, as the company strives to maintain strong earnings momentum amidst growing market pressures.
“Bristol Myers Squibb and Hengrui Pharma · have entered into · global strategic collaboration and license agreements · to advance a portfolio of 13 early stage programs in oncology, hematology and immunology”
“Bristol-Myers Squibb Company · is involved in · the discovery, development, licensing, manufacturing, marketing, distribution, and sale of biopharmaceutical products”