A key trial for a Bristol-Myers cancer drug fails in a ‘major surprise’

(By Ed Silverman for STAT)

In a stunning setback for Bristol-Myers Squibb, its blockbuster Opdivo medicine failed to meet the primary endpoint in an important, late-stage study involving patients with newly diagnosed non-small cell lung cancer. The news sent Bristol-Myers stock plunging 17 percent in early trading, while giving a boost to Merck, its biggest rival among companies with so-called checkpoint inhibitor treatments. Continue reading article here…….

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