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Bristol Myers ends blood cancer drug deal with cell therapy maker Cellares

By Thomson Reuters Aug 25, 2026 | 11:58 AM

By Kamal Choudhury

Aug 26 (Reuters) – Bristol Myers Squibb has ended its partnership with cell therapy startup Cellares that aimed to expand the manufacturing of its personalized blood cancer therapy, ​a company spokesperson told Reuters on Tuesday.

Bristol Myers determined ‌that Cellares’ cell therapy manufacturing platform, Cell Shuttle, could not meet the requirements to make its CAR-T therapy, Breyanzi, at commercial scale, the spokesperson said.

Cellares strongly disagrees with this characterization, the company told Reuters. The Cell Shuttle platform ‌has ​already manufactured a Good Manufacturing Practice-compliant cell ⁠therapy product in an ⁠FDA-regulated clinical program, it said.

Personalized CAR-T therapies have transformed care for some blood cancer patients, but remain difficult and expensive to produce.

Breyanzi, first approved by the U.S. FDA in 2021, is ​used to treat lymphoma and other blood cancers. It generated $1.36 billion in sales in 2025.

Endpoints News first reported the development ⁠on Tuesday.

CELLARES TO CUT 100 JOBS

Cellares CEO ⁠Fabian Gerlinghaus had disclosed the loss of a “large ​pharmaceutical customer” in a LinkedIn post over the weekend, adding that this ​would force the company to “resize” its workforce.

The startup will ‌lay off about 100 employees at its South San Francisco facility on October 20, according to a notice filed with the California Employment Development Department on August 21. It will give affected workers ⁠at least 60 days’ notice and full salary and benefits until October 20.

The notice did not mention severance packages.

Cellares did not respond to ⁠a Reuters request for ‌comment on the layoffs.

The companies signed a ⁠deal in 2024 worth up to $380 million under ​which Bristol ‌Myers reserved manufacturing capacity across the U.S., the ​European Union ⁠and Japan for CAR-T therapies.

Bristol Myers’ decision only applies to Breyanzi and its approved manufacturing process.

CAR-T therapies work by removing a patient’s immune cells, reprogramming them in a lab to fight cancer and infusing them back into the body.

(Reporting by Kamal Choudhury in Bengaluru; Editing ​by Sahal Muhammed)