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BMS, Novartis to co-promote tegaserod and develop compounds

Executive Summary

Bristol-Myers Squibb will co-develop and co-promote (except in Japan) Novartis's Zelmac (tegaserod) to treat irritable bowel syndrome. In return BMS will give Novartis certain rights to two of its drug candidates, CTLA 4Ig and LEA 29Y, in development to stop rejection of transplanted organs.
Deal Industry
  • Pharmaceuticals
Deal Status
  • Terminated
Deal Type
  • Alliance
    • Co-Promotion
    • Product or Technology Swap
    • R&D and Marketing (Licensing)

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