Bristol-Myers To Pay Largest Fee In Biotech History For Nektar Cancer Drug

Bristol-Myers Squibb says it will pay a record $1.85 billion to Nektar Therapeutics, a small biotech startup, for rights to its experimental cancer drug, codenamed NKTR-214. Nektar will book 65% of global profits on the drug, should it reach the market, with Bristol getting the other 35%.
Source: Forbes.com Healthcare News - Category: Pharmaceuticals Authors: Tags: NYSE:BMY NYSE:MRK NASDAQ:NKTR Source Type: news