BMS completes sale of its HIV R&D portfolio to ViiV Healthcare
The agreements with ViiV Healthcare do not impact BMS’s marketed HIV medicines, including Reyataz, Evotaz, Sustiva and Atripla.
Bristol-Myers Squibb (BMS) has completed the previously announced sale of its HIV R&D portfolio to ViiV Healthcare, which includes a number of programmes at different stages of discovery, preclinical and clinical development.
BMS received from ViiV Healthcare a payment of $350 million in connection with the closing. Under the terms of the transaction agreements, BMS will also receive from ViiV Healthcare potential development and regulatory milestone payments of up to $518 million for the clinical assets, and up to $587 million for the discovery and pre-clinical programs. If and when products are approved and commercialized, ViiV Healthcare will pay tiered royalties. In addition, ViiV Healthcare will pay sales-based milestone payments of up to $750 million for each of the clinical assets and up to $700 million for each of the discovery and pre-clinical programmes.
The agreements with ViiV Healthcare do not impact BMS’s marketed HIV medicines, including Reyataz, Evotaz, Sustiva and Atripla. BMS remains committed to the commercialization of these products and to those patients who rely on these medicines.
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