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  • BMS dumps $100M Orum degrader-antibody conjugate after glimpsing phase 1 data

BMS dumps $100M Orum degrader-antibody conjugate after glimpsing phase 1 data

September 18, 2026Posted inBiotechnology

Bristol Myers Squibb has axed the degrader-antibody conjugate it bought from Orum Therapeutics for $100 million, walking away from the asset after seeing phase 1 data.

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