other material
confidence high
sentiment negative
materiality 0.75
BMS terminates collaboration with Century Therapeutics without cause; effective March 12, 2025
Century Therapeutics, Inc.
- BMS notified Century on Dec 12, 2024 of termination of the 2022 Research, Collaboration and License Agreement.
- Termination covers all iPSC-derived NK and gamma delta T cell programs for hematologic malignancies.
- Century will evaluate opportunities in AML and multiple myeloma under ongoing strategic review of pre-clinical pipeline.
- Both parties will cooperate on termination provisions; no financial details of termination disclosed.