Bristol Myers Squibb (BMS) and Hengrui Pharma have entered a $15.2 billion collaboration to co-develop 13 early-stage programs in oncology, hematology, and immunology, combining BMS’s global capabilities with Hengrui’s discovery expertise. This partnership is crucial for both companies as it helps BMS diversify its pipeline amid the loss of patent exclusivity on key drugs, while enhancing Hengrui's global presence.
Read the full article at Genetic Engineering News
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