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) 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.
Bristol Myers Squibb organized the 2022 C2C4C cycling event, involving over 350 employees from 23 countries who raised more than $2 million for cancer research. The journey covered nearly 7,000 miles through various global locations. Participants, including survivor Blanca Bedoya, emphasized the event's mission beyond cycling, linking personal growth with a commitment to patients. Since its inception in 2014, C2C4C has raised around $14 million for cancer initiatives worldwide. The 10th anniversary is scheduled for next year, emphasizing ongoing support for the cancer community.