Bristol-Myers Hits 14-Year High On Big Cancer News

By | March 5, 2015

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Big pharma Bristol-Myers Squibb (BMY) said Wednesday that it inked a deal worth up to $975 million with Danish biotech Bavarian Nordic for its prostate-cancer vaccine candidate Prostvac, a step forward for a technology that still has yet to prove itself. Bristol agreed to pay $60 million upfront, with the rest of the money dependent on how Prostvac gets through its phase-three trial and the FDA approval process. Bristol said it’s also planning a Scalper1 News

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