Tag Archives: Cormorant

Bristol Myers Acquire Cormorant for Anti-IL-8 Cancer Drug

BMS (Bristol Myers Squibb) acquired all of the outstanding capital stock of Cormorant, the private, Stockholm-based biotech company developing HuMax-IL8, for $520MM. HuMax-IL8, which is currently in Phase I/II trials, is a monoclonal antibody that targets interleukin-8 (IL-8), a protein is expressed by many solid tumors. IL-8 also suppresses the immune system and increases the ability of tumors to metastasize. Continue reading