Bristol Myers bets $1.5B on BioNTech's PD-L1xVEGF from Biotheus

BioNTech bought out its China-based biotech partner Biotheus for $800 million upfront in November. Now, the German drugmaker is set to receive $1.5 billion upfront from Bristol Myers Squibb to co-develop and ...

Jun 2, 2025 - 11:54
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Bristol Myers bets $1.5B on BioNTech's PD-L1xVEGF from Biotheus
BioNTech bought out its China-based biotech partner Biotheus for $800 million upfront in November. Now, the German drugmaker is set to receive $1.5 billion upfront from Bristol Myers Squibb to co-develop and ...