BMS gains EMA validation for Opdivo/Yervoy combo in liver cancer
The addition of Bristol Myers Squibb’s Opdivo to a low dose of Aveo Oncology’s Fotivda failed to extend the time before tumor progression or death in kidney cancer patients who had tried an immune checkpoint inhibitor (ICI).
PRINCETON, NJ / ACCESSWIRE / July 18, 2024 / Bristol Myers Squibb (NYSE:BMY) today announced validation for its near-term and net-zero science-based targets from the Science Based Targets initiative (SBTi), as part of a mid-year update on its environmental initiatives, highlighting progress in reducing emissions across its operations and supply chain. SBTi validation is considered the gold-standard for corporate greenhouse gas (GHG) emissions target setting and reduction strategies.
Despite a string of high-profile losses this year, at least three major drugmakers continue to fight back against the Medicare price negotiations being rolled out under the Inflation Reduction Act.
Pharmaceutical companies face a looming patent cliff over the next several years, as generic rivals could erode sales of some of the industry’s best-selling medicines. For some drugmakers, copycat competitors are already on the doorstep.
Several challenges across Bristol Myers Squibb’s business have Leerink Partners analysts worried about the future—despite a few promising growth opportunities the team has identified.
Bristol Myers Squibb to Participate in UBS Virtual Targeted Protein Degradation Day
SEOUL, South Korea, July 3, 2024 /PRNewswire/ -- In a landmark event signaling its ambitious foray into the biopharmaceutical sector, LOTTE BIOLOGICS, under the leadership of CEO Richard W. Lee, held a groundbreaking ceremony for its inaugural plant at the Songdo Bio Campus in Incheon International City on July 3rd. The ceremony, commencing at 11 AM, marked a pivotal moment in the company's trajectory towards becoming a global top 10 Contract Development and Manufacturing Organization (CDMO).
Japan-based pharmaceutical firm Eisai Co. has agreed to end its global strategic collaboration with Bristol Myers Squibb (BMS) for the co-development and co-commercialisation of farletuzumab ecteribulin (FZEC), formerly known as MORAb-202, a folate receptor alpha (FR?)-targeting antibody drug conjugate (ADC) due to ongoing portfolio prioritisation efforts within Bristol Myers Squibb.
BMS axes Eisai ADC pact 3 years after paying $650M for would-be Elahere rival