Pharma BD Deal Intelligence

Servier Pharmaceuticals LLC / Black Diamond Therapeutics, Inc.

2025 · Licensing/Option · $780M · Complete

Black Diamond Therapeutics granted Servier Pharmaceuticals a worldwide license to develop and commercialize BDTX-4933, a small molecule designed to address RAF/RAS-mutant solid tumors. Servier leads development activities and worldwide commercialization across multiple indications including non-small cell lung cancer. Black Diamond receives a $70.0 million upfront payment and is eligible for up to $710.0 million in additional payments.

This deal is too recent to grade. Critic Score and Outcome Score are assigned after the announcement-week coverage settles and, for Outcome, after the 5-year post-close assessment window opens — expected 2030 at the earliest for this deal, once/if it closes.

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