Amphista Therapeutics Hits Second Milestone in Bristol Myers Squibb Protein Degradation Partnership
- Amphista Therapeutics achieved the first milestone in its second discovery programme with Bristol Myers Squibb, triggering a milestone payment under their strategic collaboration.
- The achievement follows a previous milestone reached in May 2023 for the first discovery programme, demonstrating consistent progress across both active programmes.
- The collaboration, valued at up to $1.25 billion in potential milestone payments, focuses on developing small molecule protein degraders using Amphista's EclipsysTM platform.
- Amphista's targeted protein degradation approach shows potential for CNS penetration, expanding therapeutic applications beyond traditional modalities.