Not exactly. The up-front amount BMY paid in the Lirilumab deal was only $35M (#msg-64935883).
The failed phase-2 trial in AML did not even involve Opdivo—it tested Lililumab monotherapy vs placebo. BMY still plans to test Opdivo in combination with Lirilumab in several cancer types.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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