BMS Inks Cancer Drug Pact with Japanese Pharma
Ono Pharmaceutical, based in Osaka, has granted BMS exclusive rights to develop and sell the potential cancer treatment worldwide except in Japan, Korea and Taiwan.
New York-based drug maker Bristol-Myers Squibb Co. announced Wednesday its deal with Japan's Ono Pharmaceutical Co. Ltd. for expanded rights to develop a potential cancer treatment.
The companies also will develop and sell the rheumatoid arthritis treatment Orencia in Japan. Orencia is a biologic therapy that suppresses the inflammation pathway in rheumatoid arthritis. It was launched in Japan last year.
Bristol-Myers said Ono, based in Osaka, has granted it exclusive rights to develop and sell the potential cancer treatment worldwide except in Japan, Korea and Taiwan. The treatment is in early and mid-stage testing on several forms of cancer and aims to allow the immune system to work against tumor cells.
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