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AnorMED licenses imaging technology to Bristol-Myers Squibb:

This article was originally published in Clinica

Executive Summary

Bristol-Myers Squibb Medical Imaging has licensed technology for linking the imaging isotope technetium to a tissue-targeting agent from Vancouver, Canada-based AnorMED. BMS will use the HYNIC linker technology to develop diagnostic imaging products for cardiovascular diseases. AnorMED will receive an up-front payment of $0.1m and annual payments until 2007, as well as milestons and royalties. The same HYNIC technology has also been licensed to North American Scientific, which is developing a prognostic imaging agent for cancer and other diseases.

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