In a milestone for the treatment of cancer in the country, China has approved its first immuno-oncology therapy in the form of Bristol-Myers Squibb Co.’s Opdivo (nivolumab), but commercial prospects in the potentially huge market remain cloudy until the drug is priced and it becomes clearer if it may be reimbursed under major insurance schemes.
The PD-1-targeting therapy has been approved by the new China National Drug Administration for the treatment of locally advanced or...