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Bristol-Myers Squibb Company
Drug Names(s): CXCL10, MDX-1100
Description: BMS-936557 (formerly MDX-1100) is a fully human antibody that is designed to target IP-10 (also known as CXCL10), a chemokine involved in the migration of activated T cells and monocytes into sites of inflammation and associated with multiple autoimmune disorders and inflammatory diseases such as rheumatoid arthritis, multiple sclerosis and inflammatory bowel disease. Preclinical studies demonstrate that antibodies targeting IP-10 neutralize the effects of IP-10 and attenuate disease progression in animal models of ulcerative colitis and inflammatory bowel disease, as well as multiple sclerosis and rheumatoid arthritis.
Deal Structure: Medarex acquired full rights to MDX-1100 as part of its acquisition of Ability Biomedical in August 2004.
In July 2009, Bristol-Myers Squibb and Medarex announced that the companies signed a definitive merger agreement providing for the acquisition of Medarex by Bristol-Myers Squibb, for $16.00 per share in cash. The acquisition was closed in September 2009.
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