Next-gen psoriasis drug rivalry between Bristol Myers and Nimbus spills into a legal battle
When Bristol Myers Squibb decided to acquire Celgene for $80 billion in 2019, the two were forced to divest psoriasis drug Otezla to Amgen in order to avoid a monopoly in that market.
But it’s the rivalry over the next generation of psoriasis drugs between Bristol Myers and Nimbus Therapeutics that could turn into an anti-competitive monopoly, Nimbus alleges in a new lawsuit filed late last week.
Both Bristol Myers and Nimbus are the furthest biopharma companies along with developing what are known as allosteric TYK2 inhibitors, which have the potential to treat psoriasis and other autoimmune diseases with a similar or better safety profile, and markedly improved efficacy, when compared to the leading current treatment, which is Otezla.
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