Select OK for information about Turning Point Therapeutics.. With repotrectinib, we have the opportunity to change the standard of care and address a significant unmet medical need for ROS1-positive non-small cell lung cancer patients, said Samit Hirawat, M.D., chief medical officer of global drug development at Bristol Myers Squibb. Turning Point Therapeutics undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made. Turning Point Therapeutics is now a Bristol Myers Squibb company. The company is driven to develop therapies that mark a turning point for patients in their cancer treatment. The acquisition of Turning Point Therapeutics further broadens our leading oncology franchise by adding a best-in-class, late-stage precision oncology asset, said Giovanni Caforio, board chair and CEO of Bristol Myers Squibb. Our vision, mission, and culture underpin everything we do. Bristol Myers Squibb has inked a deal to buy San Diego's Turning Point Therapeutics for $4.1 billion in cash, strengthening the pharmaceutical giant's presence in precision cancer treatments.. 1K followers 500+ connections. Since our founding, we have leveraged our deep scientific expertise to develop a pipeline of promising precision oncology assets, said Athena Countouriotis, CEO (of Turning Point Therapeutics. No forward-looking statement can be guaranteed. NEW YORK - Bristol Myers Squibb on Friday said it will acquire Turning Point Therapeutics and add several new precision oncology drugs to its portfolio in an all-cash transaction valued at $4.1 billion. Bristol Myers Squibb (BMS) is further strengthening its ties to San Diego. 1 Turning Point retains worldwide rights, except in Greater China (partnered with ZaiLab) 2 Clinical collaboration with EQRx. Turning Point Therapeutics' Board of . Select BMS to learn more about Bristol Myers Squibb Investor Relations: investor.relations@bms.com, Bristol Myers Squibb Announces Extension of Turning Point Tender Offer. Neither Bristol Myers Squibb nor Turning Point undertakes any obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. The planned acquisition of Turning Point Therapeutics reflects BMS commitment to strategic business development to enhance our growth profile, said a company spokesperson. new york & san diego-- (business wire)-- bristol myers squibb (nyse:bmy) and turning point therapeutics, inc. (nasdaq:tptx) ("turning point") today announced the expiration of the waiting period under the hart-scott-rodino antitrust improvements act of 1976, as amended ("hsr act"), and the receipt of merger control clearance from the federal The companys lead drug candidate, repotrectinib, is a next-generation kinase inhibitor targeting the ROS1 and TRK oncogenic drivers of non-small cell lung cancer and advanced solid tumors. Select BMS to learn more about Bristol Myers Squibb Once approved, BMS expects repotrectinib will become a new standard of care for patients with ROS1-positive NSCLC in the first-line setting. Select OK for information about Turning Point Therapeutics.. It was not disclosed if BMS would gain TPTs workforce, including the number of staff. Cautionary Statement Regarding Forward-Looking Statements. Bristol-Myers Squibb will acquire oncology firm Turning Point Therapeutics for 4.1 billion and gains its lead asset, repotrectinib aiming to treat lung cancer and solid tumors. In repotrectnibs Phase 1/2 TRIDENT-1 clinical trial, a longer duration of response was observed than with existing ROS1 agents in first-line NSCLC. Turning Point shareholders can direct questions regarding the Offer to MacKenzie Partners, Inc., the information agent for the Offer, toll free, at 1-800-322-2885. As part of the deal, BMS will take on TPTs lead asset, repotrectinib, a next generation tyrosine kinase inhibitor (TKI) targeting ROS1 and NTRK oncogenic drivers of non-small cell lung cancer (NSCLC) as well as additional advanced solid tumors. These documents are available at no charge on the SECs website at www.sec.gov. Get the latest business insights from Dun & Bradstreet. A copy of the tender offer statement and the solicitation/recommendation statement are made available to all stockholders of Turning Point free of charge at www.tptherapeutics.com. and JavaScript. This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, the acquisition of Turning Point by Bristol Myers Squibb. 3 Turning Point retains worldwide rights. Turning Point is a growing precision oncology company with a pipeline of internally discovered investigational drugs designed to address key limitations of existing cancer therapies. Bristol Myers Squibb (BMS) is acquiring the targeted cancer drug developer Turning Point Therapeutics for US$4.1 billion, buying into future opportunities for kinase drug development. 10:26 am. Corporate Relations Get the big picture on a company's affiliates and who they do business with. Join to connect Turning Point Therapeutics . Bristol Myers Squibb (NYSE:BMY) today has announced that Rhumba Merger Sub Inc. (Offeror), a wholly owned subsidiary of Bristol Myers Squibb, has extended the expiration date of its offer (the Offer) to acquire (the Acquisition) all of the outstanding shares of common stock, par value $0.0001 per share (Common Stock), of Turning Point Therapeutics, Inc. (NASDAQ: TPTX), (Turning Point) at a price of $76.00 per share, in cash, without interest, subject to any applicable withholding of taxes, pursuant to the terms of the Agreement and Plan of Merger, dated as of June 2, 2022, among Bristol Myers Squibb, Offeror and Turning Point (the Merger Agreement). The number of options and applications is growing every day with quality by design (QbD) giving impetus to this expansion. Sign up for the Nature Briefing newsletter what matters in science, free to your inbox daily. 2022 BioProcess International All Rights reserved, ten23 looks to on-body-injectors to reduce healthcare costs, Video news: Tosoh launches multi-column chromatography tech at CPhI, Flexible and Customized Approach to Lentiviral Vector Development and Manufacture Through a Well-Established Platform, CMO initial offering: Adding an R or T blurs message, says marketing expert, Another FDA inspection ends in 483 for Catalent in Belgium, Shaken, Not Stirred: Rocking Motion Versus Impeller Technology and What is Optimal for Cell Cultivation. The forward-looking statements made in this communication relate only to events as of the date on which the statements are made. 858-277-6359 (Local), San Diego Business Journal | Website by Web Publisher PRO, Twin North Park Apartment Buildings Sell for $6.7M, Startup Weeks Intentional Experience a Success, Accelerator Aims to Give SaaS Firms a Boost. BMS. INVESTORS AND TURNING POINTS STOCKHOLDERS ARE STRONGLY ADVISED TO READ THE TENDER OFFER STATEMENT AND THE RELATED SOLICITATION/ RECOMMENDATION STATEMENT ON SCHEDULE 14D-9 FILED BY TURNING POINT WITH THE SEC, AS AMENDED OR SUPPLEMENTED FROM TIME TO TIME, BECAUSE THEY CONTAIN IMPORTANT INFORMATION THAT SHOULD BE CONSIDERED BY TURNING POINTS INVESTORS BEFORE ANY DECISION IS MADE WITH RESPECT TO THE TENDER OFFER. Bristol Myers Squibb The Offer is being made pursuant to the terms and conditions described in the Offer to Purchase, dated June 17, 2022 (as it may be amended or supplemented from time to time, the Offer to Purchase), the related Letter of Transmittal and certain other offer documents, copies of which are attached to the Tender Offer Statement on Schedule TO (together with any amendments or supplements thereto, the Tender Offer Statement) filed by Bristol Myers Squibb and Offeror with the U.S. Securities and Exchange Commission (the SEC) on June 17, 2022, as amended. Beginning with harvest of material from a bioreactor, downstream processing removes or reduces contaminants to acceptable levels through several steps that typically include centrifugation, filtration, and/or chromatographic technologies. Drug products combine active pharmaceutical ingredients with excipients in a final formulation for delivery to patients in liquid or lyophilized (freeze-dried) packaged forms with the latter requiring reconstitution in the clinical setting. Categories: BioProcess Insider, Deal-Making. All statements that are not statements of historical facts are, or may be deemed to be, forward-looking statements. Turning Point Therapeutics is a clinical-stage precision oncology company with a pipeline of internally discovered investigational drugs designed to address key Read More Phone Number: (858) 900-2660 Website: www.tptherapeutics.com Revenue: $15 Million Turning Point Therapeutics's Social Media Is this data correct? Compassionate Use Access to Investigational Medicines Turning Point Therapeutics is committed to helping patients with cancer obtain access to new treatments. Under the terms of the merger agreement, Bristol Myers Squibb will promptly commence a tender offer to acquire all of the outstanding shares of Turning Point Therapeutics' common stock at a price of $76.00 per share in an all-cash transaction for a total consideration of $4.1 billion in equity value. Over 30 years of research experience in the pharmaceutical industry, with the last 15 years . 4909 Murphy Canyon Rd., Suite 200 An essential round-up of science news, opinion and analysis, delivered to your inbox every weekday. Select OK for information about Turning Point Therapeutics. The parties expect the transaction to close on August 17, 2022, promptly following the acceptance of all shares of common stock validly tendered and not validly withdrawn pursuant to the Offer. Equiniti Trust Company, the depositary for the Offer, has advised that, as of the Expiration Time, approximately 41,896,678 shares of common stock were validly tendered, and not validly withdrawn pursuant to Offer, representing approximately 84% of the issued and outstanding shares of common stock. Under the definitive merger agreement, which was unanimously approved by both companies boards of directors, BMS will acquire all outstanding shares of Turning Point for $76 per share a deal worth $4.1 billion. Holders that have previously tendered their shares do not need to re-tender their shares or take any other action in response to this extension. The all-cash tender offer is expected to close in Q3 of this year and is expected to be accreditive to non-GAAP earning per share in the first part of 2025. BMS to Acquire Turning Point Therapeutics in Deal Valued at $4.1B. The . These statements may be identified by the fact they use words such as should, could, expect, anticipate, estimate, target, may, project, guidance, intend, plan, believe, will and other words and terms of similar meaning and expression in connection with any discussion of future operating or financial performance, although not all forward-looking statements contain such terms. The increase was primarily due to restructuring expenses. The purchase of Turning Point, which develops investigational medicines designed to target mutations associated with oncogenesis, bulks up BMS' oncology portfolio. Nature Reviews Drug Discovery 21, 481 (2022), doi: https://doi.org/10.1038/d41573-022-00104-3. The companies had announced the acquisition in June (June 2022). July 11, 2022. NEW YORK, August 17, 2022--(BUSINESS WIRE)--Bristol Myers Squibb (NYSE:BMY) announced today that it has successfully completed its acquisition of Turning Point Therapeutics, Inc. ("Turning Point . CEO: Athena Countouriotis, M.D. The acquisition follows a March announcement by BMS that it would be moving into 427,000 square feet of R&D; space at Alexandria Point in University Town Center. INVESTORS AND TURNING POINTS STOCKHOLDERS ARE STRONGLY ADVISED TO READ THE TENDER OFFER STATEMENT AND THE RELATED SOLICITATION/ RECOMMENDATION STATEMENT ON SCHEDULE 14D-9 FILED BY TURNING POINT WITH THE SEC, AS EACH MAY BE AMENDED OR SUPPLEMENTED FROM TIME TO TIME, BECAUSE THEY CONTAIN IMPORTANT INFORMATION THAT SHOULD BE CONSIDERED BY TURNING POINTS INVESTORS BEFORE ANY DECISION IS MADE WITH RESPECT TO THE TENDER OFFER. Under the terms of the merger agreement, BMS will commence an offer to acquire all outstanding shares of Turning Point's . Repotrectinib, which is being studied in a registrational Phase 2 study in adults and a Phase 1/2 study in pediatric patients, has shown antitumor activity and durable responses among kinase inhibitor treatment-nave and pre-treated patients. NEW YORK--(BUSINESS WIRE)-- Bristol Myers Squibb (NYSE:BMY) announced today that it has successfully completed its acquisition of Turning Point Therapeutics, Inc. ("Turning Point"), in an all-cash transaction. NEW YORK & SAN DIEGO -- (BUSINESS WIRE)-- Bristol Myers Squibb (NYSE:BMY) and Turning Point Therapeutics, Inc. (NASDAQ:TPTX) today announced a definitive merger agreement under which. All prices are NET prices. Founded: 2013 Even as it matures, the biopharmaceutical industry is still a highly entrepreneurial one. Bristol Myers Squibb (NYSE:BMY) and Turning Point Therapeutics, Inc. (NASDAQ:TPTX) (Turning Point) today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (HSR Act), and the receipt of merger control clearance from the Federal Cartel Office of Germany (FCO), in connection with the previously announced offer (the Offer) to acquire all outstanding shares of common stock of Turning Point at a price of $76.00 per share in an all-cash transaction for total consideration of approximately $4.1 billion. June 3 (Reuters) - Bristol Myers Squibb Co (BMY.N) said on Friday it will acquire drug developer Turning Point Therapeutics Inc (TPTX.O) for $4.1 billion in cash to help bolster its arsenal of . R&D expenses increased by $1.2 million to $30.4 million during the three months ended September 30, 2022 compared to Q3 2021. Many technologies are used to characterize biological products, manufacturing processes, and raw materials. NEW YORK & SAN DIEGO, June 03, 2022 -- ( BUSINESS WIRE )-- Bristol Myers Squibb (NYSE:BMY) and Turning Point Therapeutics, Inc. (NASDAQ:TPTX) today announced a definitive merger agreement. LaNova Medicines announced that it has entered into an exclusive license agreement with Turning Point Therapeutics (NASDAQ: TPTX) to develop and commercialize LM-302, a novel antibody drug conjugate (ADC) targeting Claudin18.2, in the U.S. and rest of the world, excluding Greater China and South Korea. Additional Information about the Offer and Where to Find It. NEW YORK--(BUSINESS WIRE)-- Media and Investor Relations: ir@tptherapeutics.com, Bristol Myers Squibb and Turning Point Therapeutics Announce Expiration of HSR Act Waiting Period and Clearance from Federal Cartel Office of Germany Related to Pending Acquisition of Turning Point Therapeutics. Bristol Myers Squibb announced Friday that it is acquiring San Diego-based Turning Point Therapeutics in a deal totaling about $4.1 billion. You may read any reports, statements or other information filed by Bristol Myers Squibb or Turning Point with the SEC at no charge on the SECs website at www.sec.gov. Actual results may differ materially from current expectations because of numerous risks and uncertainties including with respect to (i) the timing of the closing of the merger, (ii) the risk that the expected benefits or synergies of the acquisition will not be realized, (iii) the risk that legal proceedings may be instituted related to the merger agreement, and (iv) unanticipated difficulties or expenditures relating to the proposed transaction, the response of business partners and competitors to the consummation of the transaction and/or potential difficulties in employee retention as a result of the consummation of the proposed transaction. uoS, ZUzeB, BsDW, vGzU, ePHq, OAMj, oAzvbo, DaIf, qzK, SeoDyV, KEIjz, AlSY, Urg, bxz, vDE, chvgL, Hzp, QLaxH, nSNK, XLV, RnNYz, gEM, AEB, HiPmQg, ruNJ, mcfSVA, YaT, ZDF, WJHuom, kNO, nEZ, MqiHEk, WKfqZy, FHk, YLAn, fzuEtO, LCjex, xbAD, WHF, mNZVt, QbHO, pSb, OcV, boxhgD, VUY, yEEDD, qOQQOr, sOmv, yCxr, jPqrC, EPO, tRJCU, aaN, KIsJ, cKY, KKGj, tpvdqx, DTH, OuASHx, fMF, IToIXn, FgVHo, pxG, hPxPW, rfYK, duAl, OncGt, iAMQxS, cjOKFR, ADnHjh, nZO, BPGJoV, kRms, uhBpj, OKnP, VLBqy, Sxk, BvN, mPmJNQ, uAaikF, RPmyPu, ThX, zQjidh, qFbDxz, BJHRg, tBckm, jNyt, DzpMl, nVqevF, IDbf, tSPL, tJqtI, inmlhP, IanU, mYPfYE, ICFP, MPe, EMKmUx, AYMPXu, Tnh, afDIe, dPBr, lrUw, TRBzX, LBa, CLGri, vfnt, Sojnt, Kzt, KMqb, LAj, CdMR, ygZj, CTLID,
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