Bristol-Myers Squibb Co Stock Price, News & Analysis

Bristol Myers Squibb (NYSE: BMY) announced participation in the Cowen Virtual 41st Annual Health Care Conference on March 3, 2021, where Samit Hirawat, Chief Medical Officer, will present at 10:20 a.m. ET. The event will be webcast live for investors and the public, with an archived edition available later that day. For further information, materials will be accessible at investor.bms.com.

Bristol Myers Squibb (NYSE: BMY) has announced an $11 million donation to 56 nonprofit organizations to enhance health equity across the U.S. This funding is part of a larger $150 million commitment aimed at improving access to healthcare in underserved communities. The donation will support programs targeting various demographics, including racially and ethnically diverse populations. Bristol Myers Squibb plans to monitor the impact of these initiatives through regular evaluation reports. Additional investments of $50 million by 2025 will further these health equity efforts.

Bristol Myers Squibb (NYSE:BMY) has partnered with the American Music Therapy Association and Ben Platt to launch MS in Harmony, a digital platform designed for individuals with relapsing multiple sclerosis (RMS). This initiative aims to guide users towards achieving mind-body harmony through music therapy. Research indicates potential benefits of music therapy in alleviating both physical and mental symptoms of MS. The platform provides accessible resources, including video exercises led by certified music therapists, intended to support the MS community.

Bristol Myers Squibb (NYSE: BMY) will participate in a fireside chat at the Raymond James Virtual 42nd Annual Institutional Investors Conference on March 2, 2021, at 8:20 a.m. ET. David Elkins, CFO, will discuss the company's strategies and answer investor questions. The session will be broadcast live, and the public can access it via http://investor.bms.com. An archived version will also be available later that day. Bristol Myers Squibb is committed to delivering innovative medicines for serious diseases.

Bristol Myers Squibb (NYSE:BMY) announced a notice of redemption for its 4.000% Notes due 2023 and $42.25 million of its 3.250% Notes due 2023. The redemptions will occur on March 24, 2021, and March 9, 2021, respectively. The company plans to finance this through cash on hand, having already redeemed approximately $4.0 billion in debt related to its previously announced tender offers. This announcement serves solely as a notice of redemption and does not constitute an offer to sell or buy securities.

Bristol-Myers Squibb (NYSE:BMY) announced the final terms for its offers to purchase notes for an aggregate amount of $4 billion. The offers include various series of notes with details provided for each, including principal amounts, accepted yields, and total consideration per $1,000 principal. Key highlights include:

• Accepted amounts for notes due 2023, 2024, and 2025.
• High acceptance rates for most securities, with some yields reaching up to 3.781%.
• Overall, a strategic move to manage its debt obligations effectively.

Bristol-Myers Squibb Company (NYSE:BMY) and Celgene Corporation announced early participation results for their $4.0 billion cash tender offers for various notes. As of February 18, 2021, validly tendered amounts included $256.4 million for 4.000% Notes due 2023 and $2.1 billion for 2.900% Notes due 2024. The offers will expire on March 4, 2021, unless extended. An early settlement is set for February 23, 2021. The announcement indicates strong investor interest and highlights the company's commitment to optimize its capital structure.

Bristol Myers Squibb (NYSE: BMY) announced positive results from its Phase 3 CheckMate -274 trial for Opdivo (nivolumab) in treating muscle-invasive urothelial carcinoma. The study met its primary endpoints, showing a significant improvement in disease-free survival (DFS) for patients receiving Opdivo, with a median DFS of 21.0 months, nearly double that of placebo at 10.9 months. In patients with PD-L1 ≥1%, the risk of recurrence or death was reduced by 47%. Key secondary endpoints also showed improved non-urothelial tract recurrence-free survival.

Bristol Myers Squibb (BMY) and Exelixis (EXEL) reported compelling results from the Phase 3 CheckMate -9ER trial for advanced renal cell carcinoma (RCC). The combination of OPDIVO® (nivolumab) and CABOMETYX® (cabozantinib) demonstrated significant improvements in progression-free survival (PFS) at 17.0 months compared to sunitinib's 8.3 months (HR 0.52). Overall survival (OS) also improved with a 34% reduction in death risk (HR: 0.66). Patients reported enhanced quality of life with fewer adverse events. These findings will be presented at the ASCO 2021 Symposium.