WilmerHale Advises Repare Therapeutics, Inc. in Global Research Collaboration With Bristol Myers Squibb

WilmerHale Advises Repare Therapeutics, Inc. in Global Research Collaboration With Bristol Myers Squibb

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On May 26, 2020, Repare Therapeutics Inc., a precision oncology company, announced it had entered an exclusive, worldwide research collaboration with Bristol Myers Squibb. Under the terms of the agreement, the companies will leverage Repare’s proprietary, CRISPR-enabled genome-wide synthetic lethal target discovery program, SNIPRx®, to jointly identify multiple synthetic lethal precision oncology targets for drug candidates. Additionally, Repare will grant BMS exclusive worldwide rights to develop and commercialize therapeutics for select validated lethal precision oncology targets discovered under the collaboration.

BMS will make an upfront payment of $65 million, which includes a $15 million equity investment in Repare. Repare will be eligible to receive up to approximately $3 billion in license fees and discovery, development, regulatory and sales-based milestones, in addition to royalty payments on net sales of each product commercialized by BMS.

The WilmerHale team representing Repare was led by Partner Steve Barrett, and included Counsel Jenna Ventorino and Senior Associate Mat Trachok.

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