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Eisai Co Ltd (OTC: ESALY) and Bristol-Myers Squibb Co (NYSE: BMY) have entered into an exclusive global strategic collaboration agreement for the co-development and co-commercialization of MORAb-202, an antibody-drug conjugate (ADC). Bristol Myers will pay $650 million, including $200 million to Eisai’s R&D efforts, for shared global rights to MORAb-202, the Japanese company’s first ADC, which is a combination between an in-house folate receptor antibody and chemotherapy eribulin, marketed as Halaven,
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