Strategic Initiative

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Prothena (PRTA) Announces Bristol Myers Squibb (BMY) Opt-in of Anti-Tau PRX005 as the First Program from Global Neuroscience Research and Development Collaboration

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Additional Information

Additional Relevant Details
  • Prothena to receive $80 million from Bristol Myers Squibb for exclusive US license to PRX005; Next option for worldwide rights following completion of Phase 1
  • PRX005 is an investigational best-in-class anti-tau antibody targeting the microtubule binding region of tau for the treatment of Alzheimer’s disease
  • Phase 1 study has initiated
Slingshot Insights Explained
Strategic Initiative Date
Announcement Date:
Jun 24, 2021
Projected Implementation:
Q3, 2021
Relevance Tracked Until:
Q4, 2021
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Related Keywords Anti-tau Prx005, Alzheimer's Disease