Agenus: Bristol Myers Squibb licensing deal has up to $1.3B in milestone payments

 Shares of Agenus Inc. AGEN, -1.99% were up 2.0% in premarket trading on Tuesday after the company said a licensing deal with Bristol Myers Squibb Co. BMY, -0.83% had closed. As part of the agreement, Bristol plans to study an experimental Agenus immuno-oncology drug as a treatment for non-small cell lung cancer. Bristol will pay Agenus $200 million upfront, with up to $1.3 billion in possible milestones payments. Agenus' stock has gained 73.6% so far this year, while the broader S&P 500 SPX, -0.37% is up 15.8.%.

https://www.marketwatch.com/story/agenus-says-its-bristol-myers-squibb-licensing-deal-has-up-to-13-billion-in-milestone-payments-2021-07-06