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Orbital Therapeutics

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Bristol Myers Squibb invests $1.5B in Orbital Therapeutics to expand cell therapy portfolio

Originally Published 3 months ago — by Fierce Biotech

Featured image for Bristol Myers Squibb invests $1.5B in Orbital Therapeutics to expand cell therapy portfolio
Source: Fierce Biotech

Bristol Myers Squibb is acquiring Orbital Therapeutics for $1.5 billion to expand into in vivo CAR-T cell therapies, focusing on autoimmune diseases and leveraging Orbital's RNA-based approach to produce CAR-T cells within the body, marking a significant move in the biotech and cell therapy markets.

Bristol Myers Squibb Expands Cell Therapy Portfolio with Orbital Therapeutics Acquisition

Originally Published 3 months ago — by Bristol Myers Squibb

Featured image for Bristol Myers Squibb Expands Cell Therapy Portfolio with Orbital Therapeutics Acquisition
Source: Bristol Myers Squibb

Bristol Myers Squibb is acquiring Orbital Therapeutics for $1.5 billion to enhance its cell therapy portfolio with next-generation RNA medicines, including the investigational CAR T-cell therapy OTX-201, aimed at autoimmune diseases, leveraging Orbital's innovative RNA platform for more accessible and effective treatments.