Pharma BD Deal Intelligence

Bristol-Myers Squibb Company / Agenus Inc.

2021 · Licensing/Option · $1.6B · Terminated

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

Jan 12, 2021 American Cancer Society Cancer Facts & Figures 2021 Neutral

In 2021 the American Cancer Society projected 235,760 new cases of lung and bronchus cancer in the United States and 131,880 lung cancer deaths, making lung…

Feb 03, 2022 Merck 2021 Q4 Earnings Neutral

Merck reported full-year 2021 Keytruda (pembrolizumab) sales of $17.186 billion, up 20% year-over-year, with growth driven by uptake in earlier lines of NSCLC,…

Aug 08, 2024 Fierce Biotech Bearish

Bristol Myers Squibb has returned rights to AGEN1777 to Agenus, terminating the 2021 license agreement and ending the Fc-enhanced anti-TIGIT bispecific's run…

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Bristol Myers Squibb obtained an exclusive global license to Agenus' AGEN1777, a TIGIT-targeting bispecific antibody program. Agenus received $200M upfront and is eligible for up to $1.36B in development, regulatory and commercial milestones plus tiered double-digit royalties.

Key facts

Related deals — scored

DealYearValueOutcome
Bristol-Myers Squibb Company / Agenus Inc. (this deal)2021$1.6B
Bristol-Myers Squibb Company / Medarex Inc.2009$2.4B92
Bristol-Myers Squibb Company / Celgene Corporation2019$74.0B77
Bristol-Myers Squibb Company / MyoKardia Inc.2020$13.1B76
Bristol-Myers Squibb Company / Karuna Therapeutics2023$14.0B76
Bristol-Myers Squibb Company / Ono Pharmaceutical Co., Ltd.201176
Bristol-Myers Squibb Company / SystImmune Inc.2023$8.4B71

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