- cafead Feb 12, 2021 at 11:12: AM
via Bristol Myers Squibb is putting down up to $1.3 billion on a next-gen engineered toxin body (ETB) cancer platform from Molecular Templates as it cuts an unwanted cell therapy from its Celgene buyout.
The deal, heavily backloaded and worth just $70 million upfront with the rest in milestones, sees BMS tap Austin, Texas-based Molecular Templates' ETB platform for a new way of seeking out cancer therapies.
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The deal, heavily backloaded and worth just $70 million upfront with the rest in milestones, sees BMS tap Austin, Texas-based Molecular Templates' ETB platform for a new way of seeking out cancer therapies.
article source