Welcome to our dedicated page for Bristol-Myers Squibb Co news (Ticker: BMY), a resource for investors and traders seeking the latest updates and insights on Bristol-Myers Squibb Co stock.
Bristol Myers Squibb (NYSE: BMY) generates frequent news across drug development, regulatory milestones, clinical data and corporate actions, reflecting its role as a global biopharmaceutical company focused on serious diseases. News coverage on this page centers on how the company’s cardiovascular, oncology, hematology, immunology and neuroscience programs progress from clinical trials to regulatory decisions and real-world use.
Recent updates have highlighted positive Phase 3 trial results for Camzyos (mavacamten) in adolescents with symptomatic obstructive hypertrophic cardiomyopathy in the SCOUT-HCM study, including statistically significant improvements in left ventricular outflow tract gradients and safety findings consistent with adult experience. Other headlines feature regulatory developments such as the U.S. Food and Drug Administration granting priority review to an Opdivo (nivolumab) plus chemotherapy combination for previously untreated advanced classical Hodgkin lymphoma, and the FDA’s approval of Breyanzi (lisocabtagene maraleucel; liso-cel) for adults with relapsed or refractory marginal zone lymphoma.
Investors and followers of BMY can also expect news on hematology research presented at major medical meetings, including data on investigational targeted protein degradation agents like golcadomide and BMS-986458, and long-term follow-up results for Breyanzi in large B-cell and follicular lymphomas. Corporate and financial items appear as well, such as dividend declarations, debt offerings, tender offers for outstanding notes, and presentations at healthcare investment conferences.
This news feed brings together company press releases, clinical trial readouts, regulatory updates, access and affordability agreements, and SEC-reported events. For users tracking BMY stock, it offers a single place to review how Bristol Myers Squibb’s pipeline, marketed products and capital markets activity evolve over time. Bookmark this page to quickly review new trial results, FDA decisions, access initiatives and financial disclosures related to Bristol Myers Squibb.
Bristol Myers Squibb (NYSE:BMY) has achieved a significant milestone in its environmental sustainability efforts. The Science Based Targets initiative (SBTi) has validated BMS' near-term and net-zero science-based targets, reinforcing the company's commitment to reducing greenhouse gas (GHG) emissions. BMS aims to reach net-zero GHG emissions across its value chain by 2050 from a 2022 baseline.
Key commitments include:
- Reducing Scope 1 and 2 GHG emissions and Scope 3 GHG emissions by 54.6% by 2033
- Engaging 75% of suppliers, by emissions, in developing science-based targets by 2028
- Sourcing 100% purchased electricity from renewable sources by 2030
BMS has made progress through energy reduction projects, renewable energy agreements, and supplier engagement. The company has expanded its Scope 3 emissions tracking to 10 categories and received recognition for its energy management efforts.
Bristol Myers Squibb (NYSE: BMY) has announced its participation in the UBS Virtual Targeted Protein Degradation Day. The event will feature Robert Plenge, M.D., Ph.D., who is the Executive Vice President, Chief Research Officer, and Head of Research at BMY. Dr. Plenge will be part of a fireside chat on Monday, July 15, 2024, beginning at 11:00 a.m. ET, where he will discuss the company's initiatives and answer questions. Investors and the public can listen to the live webcast via the BMS investor website, with an archived version available after the event.
Bristol Myers Squibb (NYSE:BMY) has been named to the 2023 Dow Jones Sustainability Index (DJSI) North America. This recognition highlights the company's commitment to environmental, social, and governance (ESG) efforts. BMS has achieved significant progress in increasing workforce diversity, reducing its environmental footprint, and strengthening data privacy and cybersecurity measures. Additionally, BMS has incorporated ESG metrics into executive compensation to reinforce corporate governance. The DJSI North America includes the top 20% of the largest 600 North American companies in the S&P Global Broad Market Index, known for their outstanding economic, environmental, and social performance. Korab Zuka, BMS' vice president of Purpose and ESG, emphasized the company's dedication to improving sustainability practices and impacting global health positively. More details on BMS' ESG strategy can be found in their 2023 ESG Report.
Bristol Myers Squibb (NYSE: BMY) announced the U.S. FDA's accelerated approval of KRAZATI® (adagrasib) in combination with cetuximab for adult patients with previously treated KRAS G12C-mutated locally advanced or metastatic colorectal cancer (CRC).
The approval is based on positive results from the Phase 1/2 KRYSTAL-1 study, which showed an objective response rate (ORR) of 34% in patients with heavily pretreated CRC. The median duration of response (DOR) was 5.8 months. This combination therapy provides a new treatment option for CRC patients who have not responded well to prior therapies.
KRAZATI is the first KRAS G12C inhibitor approved beyond non-small cell lung cancer, marking a significant milestone for BMS and reinforcing the potential of KRAZATI across various tumor types.
However, it comes with warnings and precautions including gastrointestinal adverse reactions, QTc interval prolongation, hepatotoxicity, and interstitial lung disease. The most common adverse reactions include rash, nausea, diarrhea, fatigue, and musculoskeletal pain.
Bristol Myers Squibb (BMY) announced that the European Medicines Agency (EMA) has validated its application for a new subcutaneous formulation of Opdivo® (nivolumab) for multiple solid tumor indications. This validation is based on the Phase 3 CheckMate -67T trial, which showed that subcutaneous nivolumab is noninferior in terms of pharmacokinetics and efficacy compared to the intravenous formulation. The new subcutaneous formulation aims to significantly reduce administration time to 3-5 minutes per injection, compared to longer IV infusions. The validation marks the start of EMA's centralized review process. If approved, the subcutaneous formulation could provide more convenience for patients, allowing them to receive the same quality of care in less time. The Phase 3 trial involved 495 patients with advanced or metastatic clear cell renal cell carcinoma, showing similar safety profiles between subcutaneous and IV formulations. Bristol Myers Squibb is committed to improving patient experiences and advancing innovative treatment formulations.
Bristol Myers Squibb (NYSE: BMY) will release its second quarter 2024 financial results on July 26, 2024. The company's executives will provide an overview of the financial outcomes and answer questions from investors and analysts during a conference call scheduled for 8:00 a.m. ET on the same day.
The live conference call can be accessed through a webcast available on the company’s investor relations website. For those who cannot register for the webcast, dial-in options are available for both U.S. and international participants. Conference materials will be provided on the investor relations website before the call begins. A replay of the webcast and the conference call will be accessible post-event.
Bristol Myers Squibb (NYSE: BMY) has announced the election of Michael R. McMullen to its Board of Directors, effective July 1, 2024. McMullen will also join the Audit Committee. Previously, McMullen was the CEO of Agilent Technologies, where he significantly increased the company's market capitalization and profitability. His extensive experience in global operations and delivering shareholder returns is expected to enhance Bristol Myers Squibb's long-term growth and pipeline progress.
McMullen has over 20 years of executive experience and has held various leadership roles at Agilent, including COO and President of the Chemical Analysis Group. He will continue to serve as a senior advisor to Agilent until October 31, 2024. The appointment increases Bristol Myers Squibb's Board size to 11, and McMullen will receive compensation as per the company’s director compensation program.
Bristol Myers Squibb (NYSE: BMY) has declared a quarterly dividend of $0.60 per share on its $0.10 par value common stock, payable on August 1, 2024, to stockholders of record as of July 5, 2024.
The company also announced a quarterly dividend of $0.50 per share on its $2.00 convertible preferred stock, payable on September 3, 2024, to stockholders of record as of August 6, 2024.
Bristol Myers Squibb (NYSE: BMY) announced that the FDA has granted accelerated approval for Augtyro™ (repotrectinib), a new tyrosine kinase inhibitor (TKI), for treating NTRK-positive solid tumors in patients aged 12 and older. This approval is based on Phase 1/2 TRIDENT-1 trial results, showing significant response rates in both TKI-naïve and TKI-pretreated patients.
Among TKI-naïve patients, 58% had a confirmed objective response with a median follow-up of 17.8 months. In TKI-pretreated patients, the overall response rate was 50%. Intracranial responses were also noted in patients with CNS metastases. Augtyro showed manageable safety profiles, though notable adverse events included dizziness, hepatotoxicity, and pneumonitis.
Continued approval may depend on further confirmatory trials. This is the second indication for Augtyro in the U.S., following its approval for ROS1-positive NSCLC in November 2023. The recommended dosage is 160 mg daily for the first 14 days, then twice daily until disease progression or unacceptable toxicity.
Envisagenics, a biotechnology company specializing in RNA splicing therapeutics, has completed a Series B funding round. The round included existing investors Third Kind Venture Capital, Empire State Development, and Red Cell Partners, along with new strategic investor Bristol Myers Squibb (NYSE: BMY).
The funds will be used to advance Envisagenics' pipeline of preclinical oncology assets using its AI drug discovery platform, SpliceCore®. This platform integrates machine learning and high-performance computing to identify novel splicing isoforms.
Envisagenics has collaborations with Biogen, the Lung Cancer Initiative at Johnson & Johnson, and Bristol Myers Squibb. CEO Maria Luisa Pineda stated that the funding will aid in developing immunotherapies and disease-modifying ASOs for neurodegenerative diseases. The goal is to advance their first asset into clinical trials.