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BMS Signs a Research Collaboration and License Agreement with Century for Allogeneic Cell Therapies to Treat Hematologic Malignancies and Solid Tumors

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BMS Signs a Research Collaboration and License Agreement with Century for Allogeneic Cell Therapies to Treat Hematologic Malignancies and Solid Tumors

Shots:

  • Century to receive a $100M up front, $50M in an equity investment in its common stock at $23.14/ share & is eligible to receive reimbursement of preclinical development costs, $3B+ in milestone for 4 programs along with royalties
  • Century gets the rights to co-promote AML & 1 additional program in the US with no exercise fee & will lead the discovery & preclinical activities. BMS get an option for 2 additional programs & will lead the clinical development & commercialization activities
  • The collaboration combines Century’s iPSC-derived allogeneic cell therapy platform with BMS’ expertise to develop allogeneic cell therapies for hematologic & solid tumor malignancies

Ref: BMS | Image: BMS

Click here to­ read the full press release 

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This content piece was prepared by our former Senior Editor. She had expertise in life science research and was an avid reader. For any query reach out to us at connect@pharmashots.com

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