Simcere & BMS Expand Partnership for Cardiovascular Compound
Simcere will receive exclusive rights to develop and commercialize BMS-795311 in China while Bristol-Myers Squibb will retain exclusive rights in all other markets.
Bristol-Myers Squibb and China-based pharmaceutical company Simcere Pharmaceutical announced Tuesday that the companies have expanded the strategic partnership formed last year to include a second collaboration in a different therapeutic area.
The companies agreed to co-develop BMS-795311, Bristol-Myers Squibb's preclinical small molecule inhibitor of the Cholesteryl Ester Transfer Protein (CETP). Inhibiting CETP could potentially raise HDL (good cholesterol) levels and help prevent cardiovascular disease.
Under the terms of the agreement, Simcere will receive exclusive rights to develop and commercialize BMS-795311 in China while Bristol-Myers Squibb will retain exclusive rights in all other markets. The companies wil
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