Bristol-Myers Squibb Completes Previously Announced Acquisition of IFM Therapeutics

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The FINANCIAL — Bristol-Myers Squibb Company on September 7 announced that it has completed the previously announced planned acquisition of IFM Therapeutics.

The transaction includes full rights to IFM’s preclinical STING (stimulator of interferon genes) and NLRP3 agonist programs focused on enhancing the innate immune response for treating cancer. IFM’s STING agonist program includes a lead asset that accelerates the company’s efforts against this target, while the NLRP3 agonist program includes a potential first-in-class pipeline candidate. A newly formed entity will be established by the current shareholders of IFM – IFM Therapeutics LLC – and it will retain IFM’s current personnel and facilities, as well as its remaining research programs, which include an NLRP3 antagonist program focused on curbing immune responses that lead to inflammatory diseases and fibrosis, according to Bristol-Myers Squibb.

 

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