---
title: "Bristol Myers buys Orum's blood cancer therapy for up to $180 mln"
description: "Nov 6 (Reuters) - Bristol Myers Squibbhas acquired Orum Therapeutics’ experimental therapy to treat a type of blood cancer for a total value of up to $180 million, the privately held company said on M"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/101774405.md"
published_at: "2023-11-06T12:41:55.000Z"
---

# Bristol Myers buys Orum's blood cancer therapy for up to $180 mln

> Nov 6 (Reuters) - Bristol Myers Squibbhas acquired Orum Therapeutics’ experimental therapy to treat a type of blood cancer for a total value of up to $180 million, the privately held company said on Monday.

Nov 6 (Reuters) - Bristol Myers Squibb (BMY.N) has acquired Orum Therapeutics’ experimental therapy to treat a type of blood cancer for a total value of up to $180 million, the privately held company said on Monday.

The therapy, ORM-6151, which helps degrade a specific protein hard to treat previously, has received the U.S. Food and Drug Administration’s (FDA) clearance for an early stage study.

The deal includes an upfront payment of $100 million and milestone payments, Orum said, without disclosing further details.

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
