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Will Prime Medicine and Bristol Myers Squibb announce the initiation of a clinical trial for T-Cell Therapy by March 31, 2025?
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Resolution / Starting Odds
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Official announcements from Prime Medicine or Bristol Myers Squibb, clinical trial registries
Story
Prime Medicine and Bristol Myers Squibb Enter $3.5 Billion T-Cell Therapy Collaboration with $110M Upfront
Sep 30, 2024, 12:38 PM
Prime Medicine has entered into a strategic research collaboration and license agreement with Bristol Myers Squibb to develop and commercialize multiple Prime Edited Ex Vivo T-Cell Therapies. Prime Medicine will receive $110 million upfront, consisting of $55 million in cash and $55 million in equity, with the potential for more than $3.5 billion in milestone payments. The milestone payments include $1.4 billion in development milestones and $2.1 billion in commercialization milestones. The equity investment involves approximately 11 million shares at $4.99 per share. This collaboration aims to leverage Prime Medicine's gene editing expertise and Bristol Myers Squibb's cell therapy capabilities.
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Q4 2025 or later • 25%
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