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BMS to Acquire Abecma Partner 2seventy bio for $286M

Bristol Myers Squibb (BMS) is to acquire 2seventy bio, its partner in developing multiple myeloma drug Abecma, for about $286m. The deal follows a turbulent three years for 2seventy bio, which recorded net losses of $217.57m in 2023 and saw 54% of its workforce cut in a restructuring and refocusing drive. The acquisition is expected to close in Q2 2025.

Source: www.genengnews.com –

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