Bristol-Myers Squibb stock drops 6% after FDA delays approval deadline for cancer drug [MarketWatch]
Bristol-Myers Squibb Company (BMY)
Last bristol-myers squibb company earnings: 2/6 07:05 am
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Source: MarketWatch
Bristol-Myers Squibb stock drops 6% after FDA delays approval deadline for cancer drug Bristol-Myers Squibb Co. BMY, -5.64% shares dropped nearly 6% in extremely heavy Monday morning trade after the company said that, because of new information from a cancer clinical trial, the U.S. Food and Drug Administration is extending the review period for the company's new drug application by three months. This "major amendment to filing overshadows data presentations at [European Society for Medical Oncology]," a recent and major cancer conference, SunTrust Robinson Humphrey analyst John Boris, who rates the company "buy" with a $67 price target, said. The FDA now aims for an approval decision on the drug by or on May 20, 2019. The trial, called CheckMate-227, is an ongoing phase 3 study testing Bristol-Myers' drug Opdivo plus a low dose of another Bristol-Myers drug, Yervoy, against chemotherapy in metastatic first-line non-small cell lung cancer. The new information that Bristol-Myers sub
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News
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BMY
Earnings
- 2/2/24 - Beat
BMY
Sec Filings
- 3/18/24 - Form 8-K
- 3/18/24 - Form PRE
- 3/18/24 - Form 8-K
- BMY's page on the SEC website