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Bristol Myers Squibb Terminates $3 Billion Partnership with Century Therapeutics
Dec 16, 2024•over 1 year ago
Contract Type
partnership
Description
Bristol Myers Squibb has decided to end its drug development partnership with Century Therapeutics, a Philadelphia cell therapy company, valued at more than $3 billion. The termination is effective March 12, and the partnership was focused on developing new cancer therapies.
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Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months