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BMS & Karo develop drugs for obesity & high cholesterol

Executive Summary

Bristol-Myers Squibb and Karo Bio will develop drugs for metabolic disorders such as hypercholesterolemia and obesity. BMS gets exclusive worldwide rights to compounds discovered; Karo Bio gets milestones and royalties. Karo could get up to $40mm.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Terminated
Deal Type
  • Alliance
    • Includes Royalty or Profit Split Information
    • R&D and Marketing (Licensing)

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