ESMO: Bristol Myers axes Immatics' bispecific after $150M bet

ESMO: Bristol Myers axes Immatics' bispecific after $150M bet

Source: 
Fierce Biotech
snippet: 

Bristol Myers Squibb has jettisoned another cancer candidate in-licensed under its former CEO. Immatics is the latest partner to get a termination notice, leaving it in full control of a bispecific molecule that BMS picked up for $150 million upfront late in 2021.