Companies to leverage Terray's tNova drug discovery platform to identify small molecule therapeutics against targets of interest. The collaboration includes an upfront payment and performance-based milestone payments, as well as royalties on global net sales of products.
LOS ANGELES, Dec. 14, 2023 /PRNewswire/ -- Terray Therapeutics, a biotechnology company integrating scale experimentation and generative AI to improve the speed, cost, and success rate of small molecule drug discovery and development, today announced a multi-target collaboration agreement with Bristol Myers Squibb (NYSE:BMY) to discover and develop small molecule therapeutics in certain disease areas.