Terray Therapeutics Announces Multi-Target Collaboration with Bristol Myers Squibb
LOS ANGELES, Dec. 14, 2023 /PRNewswire/ -- Terray Therapeutics, a biotechnology company integrating scale experimentation and generative AI to improve the speed, cost, and success rate of small molecule drug discovery and development, today announced a multi-target collaboration agreement with Bristol Myers Squibb (NYSE: BMY) to discover and develop small molecule therapeutics in certain disease areas.
- LOS ANGELES, Dec. 14, 2023 /PRNewswire/ -- Terray Therapeutics, a biotechnology company integrating scale experimentation and generative AI to improve the speed, cost, and success rate of small molecule drug discovery and development, today announced a multi-target collaboration agreement with Bristol Myers Squibb (NYSE: BMY) to discover and develop small molecule therapeutics in certain disease areas.
- Under the terms of the agreement, Terray will discover and develop small molecule compounds against a set of targets nominated by Bristol Myers Squibb using the Terray tNova platform, with Bristol Myers Squibb subsequently assuming responsibility for development and commercialization.
- "We're proud to strategically partner with Bristol Myers Squibb," said Jacob Berlin, Ph.D., Chief Executive Officer, Terray Therapeutics.
- "This agreement combines the scale, precision, and speed of our platform with the breadth and expertise of our collaborators at Bristol Myers Squibb to find new small molecule therapeutics."