BMS to Acquire Forbius for its AVID200 to Expand its Footprints in Oncology and Fibrosis

Shots:

• Forbius will receive up front and milestones while BMS will acquire Forbius’s TGF-beta program, including the lead investigational asset, AVID200. The transaction is expected to be closed in Q4’20
• Prior to closing, Forbius’ non-TGF-beta assets will be transferred to a newly formed private company, which will be retained by Forbius’ existing shareholders
• AVID200 is a highly potent and isoform-selective TGF-beta inhibitor that neutralizes TGF-beta 1 and -beta 3 with picomolar potency, currently being evaluated in P-I study for Oncology and Fibrosis

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