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Tuesday, June 1, 2010

Isis Pharmaceuticals : $6 Million Milestone Payment From Bristol-Myers Squibb for BMS-PCSK9Rx

Isis PharmaceuticalsMarch 8, 2010 - Isis Pharmaceuticals, Inc. (Nasdaq: ISIS) announced that it has earned a $6 million milestone payment from Bristol-Myers Squibb Company (NYSE: BMY) related to the acceptance of initial regulatory filings to begin Phase 1 clinical studies for BMS-PCSK9Rx.

BMS Bristol-Myers Squibb

BMS-PCSK9Rx is an antisense drug that arose out of the ongoing collaboration between Bristol-Myers Squibb and Isis to identify antisense drugs targeting PCSK9 to lower low-density lipoprotein (LDL) cholesterol... Isis Pharmaceuticals' Press Release -