BMS just signed a $15.2 billion drug deal with China’s biggest pharma company. The patent cliff left it no choice.

The Next Web
By Alina Maria StanMay 12, 2026, 5:22 pm126 ptsTrending
Bristol Myers Squibb has signed a deal worth up to 15.2 billion dollars with Jiangsu Hengrui Medicine, China’s largest pharmaceutical company by market capitalisation. The agreement covers 13 early-stage drug programmes across oncology, haematology, and immunology. None of the drugs have entered human…

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BMS just signed a $15.2 billion drug deal with China’s biggest pharma company. The patent cliff left it no choice.

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