On August 30, 2015 Bristol-Myers Squibb Company (NYSE:BMY) and QIMR Berghofer Medical Research Institute reported that they have signed a research collaboration and license agreement to discover novel therapeutic antibodies against an undisclosed immuno-oncology (I-O) target (Press release, Bristol-Myers Squibb, AUG 30, 2015, View Source [SID:1234507358]). Schedule your 30 min Free 1stOncology Demo! "Bristol-Myers Squibb continues to invest in strategic partnerships that accelerate the discovery and development of novel immunotherapies through innovative science and technologies," said Carl Decicco, Ph.D., Head of Discovery, R&D, Bristol-Myers Squibb. "We are excited to work with QIMR Berghofer Medical Research Institute, a partner that brings significant experience and expertise in cancer research."
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"QIMR Berghofer is committed to translational research, so it is gratifying when high quality research at the Institute results in the strategic collaboration announced today," said Professor Frank Gannon, QIMR Berghofer Director and CEO. "Bristol-Myers Squibb is the ideal partner to progress these assets to the clinic, with their world-leading expertise in immuno-oncology and a proven track record developing multiple cancer therapies on the market. We look forward to a fruitful, long-term collaboration, delivering new therapies for cancer patients."
QIMR Berghofer Medical Research Institute is a world leading translational research institute focused on cancer, infectious diseases, mental health and a range of complex disorders. Bristol-Myers Squibb will be solely responsible for clinical development and commercialization of antibodies discovered through the collaboration. Financial terms were not disclosed.