ARTICLE | Strategy

Therapeutically adjacent

BMS acquires Amira to harvest two programs adjacent to core disease areas

August 1, 2011 7:00 AM UTC

Bristol-Myers Squibb Co.'s acquisition of Amira Pharmaceuticals Inc. appears at first blush to net a single compound that has completed Phase I testing in a completely new disease area for the pharma, along with some preclinical assets. But what BMS sees are two programs around relatively new pathways with potential to treat sequelae of diseases in the pharma's core therapeutic areas.

BMS is paying $325 million up front plus up to $150 million in milestones for programs focused on lysophosphatidic acid (LPA) receptors and autotaxin (ENPP2; ATX)...