Bluebird Revises Business Priorities And Secures Upfront Cash From Bristol

 
• By Jessica Merrill
  
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The company is deferring investment in a US commercial team and prioritizing R&D activities, but it outlined an accelerated path to approval for LentiGlobin in sickle cell disease.

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Bluebird revised some of its business operations through 2022 • Source: Shutterstock

bluebird bio Inc. announced a series of changes to its business operating plan on 11 May intended to sustain the business financially amid some development and regulatory delays caused partly by the COVID-19 pandemic. During the company’s first quarter sales and earnings call, bluebird said it would be deferring some commercial plans, prioritizing key R&D programs and has revised the terms of its partnership with Bristol Myers Squibb Co. on the multiple myeloma therapy idecabtagene vicleucel (ide-cel) to monetize some of the value.

At the same time, the company also announced it has reached an agreement with the US Food and Drug Administration...

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