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LianBio Sells China Rights to Cardiovascular Drug for $350 Million to BMS

publication date: Oct 25, 2023

LianBio will sell its greater China rights for mavacamten, a cardiovascular drug, to Bristol Myers Squibb for $350 million. In 2020, LianBio acquired the China rights for mavacamten from MyoKardia. BMS bought MyoKardia later that year for $13.1 billion. LianBio’s deal for drug was $187.5 million, but $127.5 million in unpaid milestones will now be forgiven. Over the three years, LianBio has advanced mavacamten through clinical trials and, earlier this year, filed an IND in China, which will be reviewed under priority rules. The IND seeks approval of the drug to treat adults with symptomatic obstructive hypertrophic cardiomyopathy. More details....

Stock Symbol: (NSDQ: LIAN)

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