Bristol-Myers Squibb Co. will develop a new HIV treatment combining its protease inhibitor Reyataz and Gilead Sciences Inc.’s new boosting agent cobicistat, according to a deal announced Wednesday.
Terms of the deal were not disclosed, except that Bristol-Myers Squibb (NYSE: BMY) will pay a royalty based on annual net sales of the product.
Foster City-based Gilead (NASDAQ: GILD) already has been studying Reyataz, or atazanavir, and cobicistat, a booster that increases the levels of certain HIV-fighting medicines, in Phase II and Phase III studies.
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