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 news coverage encompasses regulatory developments, clinical trial results, product launches, business transactions, and corporate initiatives. The company's activities across oncology, hematology, immunology, cardiovascular, and neuroscience generate frequent updates that impact stakeholders in the healthcare and investment communities.
Regulatory announcements represent significant news events for Bristol-Myers Squibb, including approvals of new medicines, expanded indications for existing products, and regulatory submissions in various markets. These milestones reflect the progression of the company's pipeline from clinical development through regulatory review to market authorization. Priority review designations, breakthrough therapy designations, and orphan drug designations also generate news coverage as indicators of regulatory progress.
Clinical trial data releases occur at medical conferences, in peer-reviewed publications, and through corporate announcements. Results from pivotal trials evaluating new medicines or expanded uses of approved products receive particular attention from the medical community and investors. The company's extensive clinical trial portfolio across multiple therapeutic areas produces a steady stream of data readouts that inform understanding of product profiles and market potential.
Business development activities including acquisitions, licensing agreements, research collaborations, and strategic partnerships shape Bristol-Myers Squibb's long-term direction. These transactions can bring new assets into the pipeline, provide access to novel technologies, or establish collaborations with academic institutions and biotechnology companies. Divestitures and portfolio prioritization decisions also generate news coverage.
Commercial performance updates occur through periodic financial reporting and corporate presentations. These updates provide insight into product uptake, market penetration, competitive dynamics, and the impact of healthcare policy changes on business results. Manufacturing capacity expansions, supply chain developments, and commercial launches in new geographic markets represent additional categories of business news.
Corporate initiatives related to sustainability, patient access, health equity, research funding, and community engagement reflect broader aspects of Bristol-Myers Squibb's operations beyond drug development and commercialization. Leadership changes, organizational restructuring, and strategic priority shifts also contribute to news flow.
Bristol Myers Squibb (NYSE:BMY) collaborates with Kareem Abdul-Jabbar and Pfizer to promote awareness about atrial fibrillation (AFib) through the No Time to Wait campaign. As AFib cases in the U.S. are projected to rise from 9.5 million in 2023 to 12.1 million by 2030, it is crucial to recognize its symptoms, which include irregular heartbeat and shortness of breath. Abdul-Jabbar shares his personal journey with AFib, emphasizing the importance of seeking medical advice. The initiative aims to encourage timely conversations between patients and healthcare professionals about AFib to improve detection and treatment outcomes.
Bristol Myers Squibb (NYSE: BMY) and Exelixis (NASDAQ: EXEL) announced three-year follow-up results from the Phase 3 CheckMate -9ER trial, demonstrating significant benefits for the combination of Opdivo® (nivolumab) and CABOMETYX® (cabozantinib) in treating advanced renal cell carcinoma (RCC). With a median follow-up of 44 months, the combination showed a 30% reduction in the risk of death and improved overall survival (49.5 months vs. 35.5 months) compared to sunitinib. Progression-free survival also doubled (16.6 months vs. 8.4 months) while maintaining safety profiles. These results will be presented at the ASCO GU 2023 Symposium.
Bristol Myers Squibb (NYSE: BMY) and 2seventy bio (NASDAQ: TSVT) announced positive results from the pivotal Phase 3 KarMMa-3 study of Abecma (idecabtagene vicleucel) for patients with relapsed and refractory multiple myeloma. Abecma showed a significant improvement in median progression-free survival (PFS) of 13.3 months versus 4.4 months for standard regimens. The study demonstrated a 51% reduction in risk of disease progression or death. Overall response rates were also significantly higher for Abecma at 71%, with 39% achieving a complete response. Safety results were consistent with prior data, with no new safety signals reported.
Bristol Myers Squibb continues to advance its work in genitourinary (GU) cancers, emphasizing the ongoing need for innovative treatments. Dr. Dana Walker, leading the GU cancers program, highlighted significant research progress, including the emergence of immunotherapy and targeted agents as preferable alternatives to chemotherapy. As standards of care evolve, the company is exploring new combinations of treatments to address high unmet needs in patient populations. Upcoming presentations at ASCO GU 2023 are anticipated to unveil groundbreaking data, reflecting BMS's commitment to enhancing patient outcomes.
Bristol Myers Squibb (NYSE: BMY) will participate in a fireside chat at the Guggenheim Healthcare Talks 2023 Oncology Conference on February 9, 2023, at 1:00 p.m. ET. Chris Boerner, Ph.D., Executive Vice President and Chief Commercialization Officer, will address inquiries about the company. The event will be live-streamed, with an archived version available later that day. Bristol Myers Squibb is dedicated to discovering and delivering innovative medicines to help patients combat serious diseases.
Bristol Myers Squibb (NYSE:BMY) reported fourth quarter revenues of $11.4 billion, down 5% year-over-year, while full-year revenues remained stable at $46.2 billion. Fourth quarter GAAP EPS was $0.95, a decline of 11%, and non-GAAP EPS was $1.82, down 1%. Key growth drivers included in-line products, achieving revenues of $8.3 billion, up 4%, and new product portfolio revenues of $645 million, an 83% increase. Financial guidance for 2023 suggests continued revenue growth, projecting GAAP EPS between $4.03 and $4.33. Despite strong commercial performance, challenges such as generic erosion of Revlimid affected overall revenue performance.
Bristol Myers Squibb continues to lead in immuno-oncology with ongoing research into dual and triplet immunotherapy combinations, particularly focusing on the LAG-3 immune checkpoint. These combinations aim to enhance the immune response against tumors by overcoming T cell exhaustion.
The company is also exploring immunostimulatory therapies that activate the immune system directly and emphasizes a precision medicine approach to tailor treatments based on specific biomarkers. This strategic focus positions Bristol Myers Squibb at the forefront of cancer treatment advancements, addressing significant unmet clinical needs.
The European Medicines Agency's Committee for Medicinal Products for Human Use (CHMP) has recommended approval of Reblozyl (luspatercept) for treating non-transfusion-dependent beta thalassemia in adults. This recommendation will be reviewed by the European Commission, which could lead to its third indication in the EU. The pivotal BEYOND study showed that Reblozyl significantly increased hemoglobin levels in 77% of patients, while serious adverse reactions were lower compared to placebo (11.5% vs. 25%). The EC's decision is expected within 67 days. Approval could enhance BMY's market position in Europe, where beta thalassemia prevalence is high.
Bristol Myers Squibb (NYSE: BMY) announced that the CHMP of the European Medicines Agency has recommended approval for Sotyktu (deucravacitinib) to treat adults with moderate-to-severe plaque psoriasis. This recommendation is based on positive results from Phase 3 POETYK PSO-1 and POETYK PSO-2 trials, demonstrating superior efficacy over Otezla and placebo. If approved, Sotyktu would be the first oral TYK2 inhibitor in the EU. CEO Samit Hirawat emphasized the need for effective oral therapies for patients with psoriasis. The European Commission will review the recommendation for final approval.
Bristol Myers Squibb (NYSE: BMY) announced promising topline results from the TRANSCEND CLL 004 study, a Phase 1/2 trial evaluating Breyanzi for adults with relapsed or refractory chronic lymphocytic leukemia (CLL) and small lymphocytic lymphoma (SLL). The study met its primary endpoint of complete response rate in patients refractory to a BTK inhibitor and treated with a BCL-2 inhibitor. No new safety signals for Breyanzi were reported. The trial represents a significant milestone as it is the first multicenter study exploring CAR T cell therapy for patients with limited treatment options.
FAQ
What is the current stock price of Bristol-Myers Squibb Co (BMY)?
What is the market cap of Bristol-Myers Squibb Co (BMY)?
