One of the top late-stage drugs Bris­tol-My­ers wants in its $74B Cel­gene deal faces a ‘road­block’ — an­a­lyst

Bris­tol-My­ers Squibb has an­oth­er big headache to fret about as it scram­bles to ral­ly in­vestor sup­port for its $74 bil­lion ac­qui­si­tion of Cel­gene.

There’s been some buzz about a patent that No­var­tis holds on the dose-titra­tion class patent to S1P mod­u­la­tors/ag­o­nists. And Cred­it Su­isse an­a­lyst Vamil Di­van has put that in the spot­light with a note say­ing the patent pos­es a threat to any com­mer­cial­iza­tion work in­volv­ing ozan­i­mod — the big MS drug at Cel­gene that Bris­tol-My­ers touts as a ma­jor rea­son for its $74 bil­lion buy­out bid.

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