Ambrx and Bristol-Myers Squibb have entered into a collaboration agreement for the discovery and development of novel antibody drug conjugates using Ambrx’s protein medicinal chemistry technology. Ambrx will receive an upfront payment of $15 million, funding for discovery and research activities, and potential development, regulatory and sales milestones of as much as $97 million per product. BMS will have worldwide rights to develop and commercialize products resulting from the collaborat...