BMS Invests $35M in Immatics

Bristol-Myers Squibb has made a $35 million equity investment in Immatics, a clinical-stage biopharmaceutical company active in the discovery and development of T cell-redirecting cancer immunotherapies. Additionally, BMS has the right to appoint a member to the Immatics Scientific Advisory Board.
 
Immatics combines the discovery of targets for cancer immunotherapies with the development of the right T cell receptors with the goal of enabling a robust and specific T cell response against these targets. This know-how is the foundation of its pipeline of Adoptive Cell Therapies and TCR Bispecifics.
 
“This investment is further testimony to the strength of the relationship and of our differentiated platform technologies that are the foundation of our TCR-based cell therapies and bispecifics,” commented Harpreet Singh, Ph.D., CEO and Co-Founder of Immatics. “We remain steadfast in our commitment to advancing innovative treatment options for patients in their fight against cancer, and look forward to providing further clinical results in the second half of the year.”