Welcome to our dedicated page for Bristol-Myers Squibb news (Ticker: BMY), a resource for investors and traders seeking the latest updates and insights on Bristol-Myers Squibb stock.
Bristol Myers Squibb reports news on its pharmaceutical portfolio across oncology, cardiovascular disease and immunology, including regulatory decisions, clinical trial data, commercial access programs and product collaborations. Company updates include Sotyktu (deucravacitinib), a selective TYK2 inhibitor approved in the European Union for active psoriatic arthritis, and Eliquis (apixaban), an oral anticoagulant marketed through the Bristol Myers Squibb-Pfizer alliance.
Recurring developments also cover quarterly financial results, investor conference participation, debt and capital-market activity, research collaborations in cardiovascular and precision-medicine programs, and community initiatives tied to multiple myeloma care. The company’s news flow combines product-specific regulatory milestones with broader disclosures on operating performance and pipeline partnerships.
Bristol Myers Squibb (NYSE: BMY) presented new data from its multiple myeloma portfolio at the 64th ASH Annual Meeting. The results include advancements in bispecific T cell engagers and CAR T therapies, such as alnuctamab, Abecma, and GPRC5D CAR T. Notable findings include alnuctamab showing reduced toxicity with sustained tumor response, while Abecma demonstrated high overall response rates in patients after relapse. The company emphasizes its commitment to innovative treatments in addressing the complex challenges of multiple myeloma.
Bristol Myers Squibb (NYSE: BMY) has declared a quarterly dividend of $0.57 per share, payable on February 1, 2023, to stockholders on record by January 6, 2023. This marks a 5.6% increase from last year’s dividend of $0.54 and continues a strong trend, being the 14th consecutive year of increases and the 91st year of dividend payments overall, which reflects the company's commitment to returning value to its shareholders. An additional dividend of $0.50 per share will be paid on preferred stock on March 1, 2023.
On Nov. 29, 2022, Bristol Myers Squibb (NYSE: BMY) announced a multi-year research collaboration with Envisagenics to leverage the latter's SpliceCore® AI platform for oncology therapeutic development. The partnership aims to enhance BMY's oncology pipeline by identifying alternative splicing-derived targets. Envisagenics will receive upfront and milestone payments tied to development progress. The SpliceCore platform promises rapid drug target identification through advanced RNA-sequencing data analysis, potentially transforming modern drug development.
Bristol Myers Squibb (NYSE: BMY) will participate in a fireside chat at the Wolfe Research Healthcare Conference on November 16, 2022, at 3:20 p.m. ET in location value="LU/us.ny.nyc"New York City. Chris Boerner, Executive Vice President and Chief Commercialization Officer, will address questions during the session. Investors and the public can listen via a live webcast at investor.bms.com, with an archived version available later that day.
Bristol Myers Squibb (NYSE: BMY) recently presented significant findings from its cardiovascular portfolio at the AHA Scientific Sessions 2022. Key topics included a featured presentation on CAMZYOS® (mavacamten) for obstructive hypertrophic cardiomyopathy, showcasing long-term efficacy and safety data from various studies. Highlights also included analyses of racial disparities in anticoagulant treatment among Medicare beneficiaries and pooled safety data from multiple trials. These presentations underscore the commitment to innovative cardiovascular treatments aimed at improving patient outcomes.
Bristol Myers Squibb (NYSE: BMY) announced that its Phase 3 COMMANDS trial of Reblozyl (luspatercept-aamt) achieved primary and key secondary endpoints, demonstrating significant improvement in red blood cell transfusion independence and hemoglobin levels for patients with very low, low, or intermediate-risk myelodysplastic syndromes (MDS) requiring transfusions. The safety profile remains consistent with previous studies. Detailed findings will be presented at an upcoming medical meeting as the company collaborates with health authorities for further evaluations.
Obsidian Therapeutics has announced the extension of its strategic collaboration with Bristol Myers Squibb (BMY) for the development of novel cell therapies utilizing Obsidian's cytoDRiVE® technology. This partnership, initiated in 2019, allows Bristol Myers Squibb to in-license worldwide rights for these therapies aimed at cancer treatment. Obsidian stands to gain potential milestone and royalty payments. The announcement coincides with the clinical entry of Obsidian's lead program, OBX-115, designed to improve treatment outcomes in patients with solid tumors.
Bristol Myers Squibb (NYSE: BMY) reported promising results from the Phase 3 DAYBREAK study concerning its drug Zeposia (ozanimod) for multiple sclerosis (MS). Over 90% of participants showed an immune response to COVID-19 vaccinations, all serious adverse events were absent. The study demonstrated that 68% of participants were relapse-free with an adjusted annualized relapse rate (ARR) of 0.099 after up to 74 months. These findings emphasize Zeposia's safety and efficacy, reinforcing its value in treatment options for MS.
Bristol Myers Squibb reported third quarter 2022 revenues of $11.2 billion, reflecting an 8% growth in in-line and new product sales, or 13% adjusted for foreign exchange. GAAP EPS rose 9% to $0.75, while non-GAAP EPS increased 3% to $1.99. Significant milestones include FDA approval for Sotyktu, a new psoriasis treatment, and the acquisition of Turning Point Therapeutics. The company updated its 2022 GAAP EPS guidance, primarily due to the acquisition, while reaffirming non-GAAP EPS guidance.
Bristol Myers Squibb (NYSE: BMY) announced positive results from the True North study on Zeposia (ozanimod) for ulcerative colitis (UC), highlighting its effectiveness even after treatment interruption. A significant 86.1% of patients maintained no disease relapse at Week 52, compared to 62.6% in the placebo group. Additionally, Zeposia preserved disease control for up to eight weeks post-treatment interruption. The findings were presented at the ACG 2022 meeting and support the drug's favorable profile for managing moderately to severely active UC.