BMS Looks To Expand Its Oncology Reach With Mirati Buyout

Bristol Myers Squibb will add Krazati to its oncology portfolio by buying Mirati Therapeutics in a deal worth up to $5.8bn, but needs to smooth out the so-far bumpy progress of the KRAS-targeting agent and achieve success in immunotherapy combinations.

BMS

After months of speculation around a possible sale of Mirati Therapeutics, Bristol Myers Squibb has agreed to buy the company and its KRAS inhibitor Krazati in a deal worth up to $5.8bn.

The $58-per-share agreement values Mirati at $4.8bn with an additional $12-per-share contingent value right (CVR) payment to the company’s shareholders...

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