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Evotec Receives $10M Milestone From Bristol Myers Squibb As BMS-986506 Molecular Glue Enters Phase 1 Trial For Clear Cell Renal Cell Carcinoma

Benzinga·03/19/2026 07:12:32
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  • Dosing of first patient initiates Phase 1 clinical evaluation of BMS-986506 for the treatment of advanced clear cell renal cell carcinoma, the most common form of kidney cancer
  • Transformative moment in strategic protein degradation collaboration with Bristol Myers Squibb (BMS) aiming to establish new treatment paradigm in advanced clear cell renal cell carcinoma
  • Study start highlights transition into the clinic for Evotec-BMS oncology platform and reflects robust pipeline of 'molecular glues' being advanced as treatment options for different cancer types
  • Validates Evotec's high-performance multi-omics screening and AI-supported data analytics and drug design capabilities