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Bristol-Myers Squibb Co. - BMY STOCK NEWS

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 Co. (BMY) is a renowned American multinational pharmaceutical company headquartered in New York City. As one of the largest pharmaceutical companies globally, Bristol-Myers Squibb (BMS) consistently ranks on the Fortune 500 list. In fiscal 2022, the company achieved total revenue of $46.2 billion.

Bristol-Myers Squibb focuses on discovering, developing, and marketing drugs across various therapeutic areas, including cardiovascular, cancer, and immune disorders. A significant area of focus for BMS is immuno-oncology, where it has established itself as a leader in drug development. Approximately 70% of BMS's total sales are derived from the U.S. market, reflecting its higher dependence on this region compared to its peers.

Recent achievements and collaborations highlight BMS's commitment to innovation and partnerships. On May 22, 2024, BMS joined NeoPhore Limited's oversubscribed Series B extension round. This additional investment will enable NeoPhore to explore novel biology associated with the DNA mismatch repair (MMR) pathway in cancer, and further advance its pre-clinical studies. NeoPhore aims to generate next-generation immuno-oncology therapeutics to improve clinical outcomes for cancer patients.

Another noteworthy collaboration was announced on June 5, 2024, with I-Mab, a U.S.-based global biotech company. This partnership will evaluate the combination of givastomig, an investigational Claudin 18.2 x 4-1BB bispecific antibody, with BMS's immune checkpoint inhibitor, nivolumab, and chemotherapy. The study, a multi-national Phase 1, will focus on advanced Claudin 18.2-positive gastric and esophageal cancers. BMS will supply nivolumab, which is designed to enhance T-cell function and improve anti-tumor responses.

Additionally, on June 5, 2024, Envisagenics, an AI-driven biotechnology company, announced a Series B fundraising round with participation from BMS. This funding will be utilized to further develop Envisagenics' pipeline of novel preclinical oncology assets using their cloud-based AI drug discovery platform, SpliceCore®. This collaboration underscores BMS's continued investment in innovative technologies and therapeutics.

Bristol-Myers Squibb's mission is to discover, develop, and deliver innovative medicines that help patients prevail over serious diseases. Through strategic partnerships, cutting-edge research, and a commitment to therapeutic advancements, BMS continues to make significant strides in the biopharmaceutical industry.

News

Bristol Myers Squibb Completes Acquisition of RayzeBio, Adding Differentiated Actinium-Based Radiopharmaceutical Platform

Rhea-AI Summary
Bristol Myers Squibb (BMY) completes the acquisition of RayzeBio, Inc. (RYZB) to strengthen its oncology pipeline with radiopharmaceutical therapeutics. The acquisition includes RYZ101, a promising RPT targeting somatostatin receptor 2 in GEP-NETs and ES-SCLC. Bristol Myers Squibb plans to leverage RayzeBio's IND engine and manufacturing facility to accelerate preclinical and clinical programs, offering growth opportunities in the coming years.
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Bristol Myers Squibb Receives Positive CHMP Opinion for Reblozyl® (luspatercept) for Treatment of Adults with Transfusion-Dependent Anemia due to Low- to Intermediate-Risk Myelodysplastic Syndromes (MDS)

Rhea-AI Summary
Bristol Myers Squibb's Reblozyl receives positive CHMP recommendation for treating transfusion-dependent anemia in MDS patients in Europe, potentially expanding its indication. Results from the Phase 3 COMMANDS trial show significant improvement in transfusion independence and hemoglobin increase compared to epoetin alfa.
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Bristol Myers Squibb Announces Expiration of RayzeBio Tender Offer

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Bristol Myers Squibb (BMY) has completed the acquisition of RayzeBio, Inc. for approximately $4.1 billion, with 86% of RayzeBio's shares tendered. The transaction is expected to close on February 26, 2024.
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U.S. Food and Drug Administration (FDA) Accepts Supplemental New Drug Application for KRAZATI® (adagrasib) in Combination with Cetuximab as a Targeted Treatment Option for Patients with Previously Treated KRAS G12C-Mutated Locally Advanced or...

Rhea-AI Summary
Bristol Myers Squibb's KRAZATI (adagrasib) in combination with cetuximab receives priority review by the FDA for treating KRAS G12C-mutated colorectal cancer, with a target action date of June 21, 2024, based on positive results from the Phase 1/2 KRYSTAL-1 study.
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Bristol Myers Squibb Prices $13 Billion of Senior Unsecured Notes

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Bristol Myers Squibb (BMY) announces a public offering of senior unsecured notes totaling $13 billion to fund acquisitions and general corporate purposes. The offering includes nine tranches of notes with varying interest rates and maturity dates. The company plans to use the proceeds for proposed acquisitions of Karuna Therapeutics, Inc. and RayzeBio, Inc., as well as for general corporate needs. The offering is not contingent on the completion of the acquisitions, but failure to acquire Karuna by a specified date will trigger mandatory redemption of certain notes.
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Bristol Myers Squibb Recommends Stockholders Reject “Mini-Tender” Offer by Tutanota LLC

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Bristol Myers Squibb (BMY) received an unsolicited 'mini-tender' offer from Tutanota LLC to purchase up to 500,000 shares at $55 per share, significantly below market price. The offer is subject to conditions and may extend for 45-180 days. Shareholders are advised not to tender shares due to risks and potential delays.
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U.S. Food and Drug Administration Accepts for Priority Review Bristol Myers Squibb’s Application for Augtyro™ (repotrectinib) for the Treatment of Patients with NTRK-Positive Locally Advanced or Metastatic Solid Tumors

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Bristol Myers Squibb's Augtyro sNDA for NTRK-positive solid tumors accepted by the FDA with a target action date of June 15, 2024, based on positive results from TRIDENT-1 and CARE trials.
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VantAI Enters Collaboration With Bristol Myers Squibb to Accelerate Molecular Glue Drug Discovery Through Artificial Intelligence

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VantAI and Bristol Myers Squibb collaborate to discover molecular glues for therapeutic targets, with VantAI eligible to receive up to $674 million in milestone payments and royalties. The partnership combines VantAI's generative AI platform with Bristol Myers Squibb's expertise in targeted protein degradation to develop new small molecule therapeutics.
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Bristol Myers Squibb and RayzeBio Announce Expiration of HSR Act Waiting Period

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Bristol Myers Squibb (BMY) and RayzeBio, Inc. (RYZB) announce the expiration of the waiting period under the HSR Act for BMY's tender offer to acquire RYZB for $62.50 per share in cash, totaling $4.1 billion. The transaction remains subject to the tender of a majority of RYZB's outstanding shares.
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Healthpeak Properties Reports Fourth Quarter and Year Ended 2023 Results

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Healthpeak Properties, Inc. (NYSE: PEAK) announced fourth-quarter and full-year 2023 financial results, including net income, Nareit FFO, FFO as Adjusted, AFFO, and Total Same-Store Portfolio Cash NOI growth. The company also highlighted lease executions, lab developments, joint ventures, net debt, and 2023 sustainability recognitions.
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FAQ

What is the current stock price of Bristol-Myers Squibb Co. (BMY)?

The current stock price of Bristol-Myers Squibb Co. (BMY) is $57.76 as of December 24, 2024.

What is the market cap of Bristol-Myers Squibb Co. (BMY)?

The market cap of Bristol-Myers Squibb Co. (BMY) is approximately 117.1B.

What is Bristol-Myers Squibb's core business?

Bristol-Myers Squibb focuses on discovering, developing, and marketing drugs for various therapeutic areas, including cardiovascular, cancer, and immune disorders.

Where is Bristol-Myers Squibb headquartered?

Bristol-Myers Squibb is headquartered in New York City, USA.

What was Bristol-Myers Squibb's revenue for fiscal 2022?

Bristol-Myers Squibb reported a total revenue of $46.2 billion for fiscal 2022.

What is a significant focus area for Bristol-Myers Squibb?

A significant focus area for Bristol-Myers Squibb is immuno-oncology, where it is a leader in drug development.

How much of Bristol-Myers Squibb's total sales come from the U.S. market?

Approximately 70% of Bristol-Myers Squibb's total sales are derived from the U.S. market.

What recent collaboration did Bristol-Myers Squibb announce with NeoPhore Limited?

On May 22, 2024, Bristol-Myers Squibb joined NeoPhore Limited's Series B extension round to explore novel biology associated with the DNA mismatch repair pathway in cancer.

What is the purpose of Bristol-Myers Squibb's collaboration with I-Mab?

The collaboration with I-Mab focuses on evaluating the combination of givastomig with BMS's nivolumab and chemotherapy for advanced Claudin 18.2-positive gastric and esophageal cancers.

What is SpliceCore®?

SpliceCore® is Envisagenics' cloud-based AI drug discovery platform that integrates machine learning algorithms to identify novel and disease-specific RNA splicing isoforms.

When did Bristol-Myers Squibb participate in Envisagenics' Series B fundraising round?

Bristol-Myers Squibb participated in Envisagenics' Series B fundraising round announced on June 5, 2024.

What is Bristol-Myers Squibb's mission?

Bristol-Myers Squibb's mission is to discover, develop, and deliver innovative medicines that help patients prevail over serious diseases.

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Bristol-Myers Squibb Co.

NYSE:BMY

BMY Rankings

#108 Ranked by Market Cap
#719 Ranked by Dividends

BMY Stock Data

117.15B
2.03B
0.12%
78.46%
1.27%
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