Pharma Deals Review, Vol 2025, No 10 (2025)

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Bristol Myers Squibb to Acquire Orbital Therapeutics and its RNA Platform for US$1.5 B

Swati Sharan

Abstract


In a bid to bolster its cell therapy portfolio, Bristol Myers Squibb (BMS) has announced the planned acquisition of Orbital Therapeutics. The takeover, which is worth US$1.5B, provides BMS access to OTX-201, a preclinical in vivo CAR T-cell therapy for the treatment of autoimmune diseases as well as Orbital’s proprietary RNA platform, which integrates circular and linear RNA engineering, lipid nanoparticle delivery, and AI-driven design to enable programmable RNA therapies across multiple disease areas. This move reinforces BMS’s leadership in next-generation cell and gene therapies and complements its existing immunology and oncology assets.

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