Nektar Therapeutics and Bristol-Myers Squibb Amend Strategic Collaboration Agreement for bempegaldesleukin Plus Opdivo (nivolumab)
Retrieved on:
Friday, January 10, 2020
Oncology, Health, Clinical trials, Research, Science, Pharmaceutical, Biotechnology, Drugs, Clinical medicine, Monoclonal antibodies, Life sciences, Antineoplastic drugs, Breakthrough therapy, Bempegaldesleukin, Bristol-Myers Squibb, Nivolumab, Nektar Therapeutics, Squib, Bristol-Myers Squibb, the Bristol-Myers Squibb and Ono Pharmaceutical Collaboration, Nektar Therapeutics
Nektar Therapeutics (Nasdaq:NKTR) and Bristol-Myers Squibb Company (NYSE:BMY) announced today the companies have agreed to a new joint development plan to advance bempegaldesleukin (bempeg) plus Opdivo (nivolumab) into multiple new registrational trials.
Key Points:
- Nektar Therapeutics (Nasdaq:NKTR) and Bristol-Myers Squibb Company (NYSE:BMY) announced today the companies have agreed to a new joint development plan to advance bempegaldesleukin (bempeg) plus Opdivo (nivolumab) into multiple new registrational trials.
- The costs for these studies will be shared based upon the cost-sharing outlined in the terms of the original collaboration agreement.
- Bristol-Myers Squibb and Nektar view bempeg as an important asset and IL-2 as an important target, said Fouad Namouni, M.D., head of oncology development, Bristol-Myers Squibb.
- Withhold OPDIVO monotherapy for Grade 2 or 3 and permanently discontinue for Grade 4 or recurrent colitis upon re-initiation of OPDIVO.