Bristol Myers Squibb stock broadens AI strategy with Pathos deal
π€ Bristol Myers Squibb partners with Pathos AI to integrate artificial intelligence and patient data into its neuroscience research strategy.
π° Pathos will license a de-identified dataset of hundreds of thousands of patients for five years at a cost of $55 million.
π BMS secures three-year exclusive rights to the Pathos Foundry platform specifically for its neuroscience development programs.
π§ The collaboration focuses on improving disease understanding, patient selection, and clinical trial design for Alzheimer's and other neurological conditions.
πΈ Bristol Myers Squibb led a $237 million Series E financing round for Pathos AI, valuing the partner at approximately $3 billion.
𧬠The funded capital will advance four clinical assets, including JSKN016, a TROP2/HER3 bispecific antibody-drug conjugate.
- Bristol Myers Squibb expands its AI and data capabilities in neuroscience through a strategic collaboration with Pathos AI.
- The company secured three-year exclusive rights to the Pathos Foundry platform specifically for its neuroscience portfolio.
- BMS is investing $55 million to license a large-scale de-identified dataset covering hundreds of thousands of patients for research.