The high-stakes game of immuno-oncology is starting to get more complicated, as the top players start to switch around and the long-awaited combination data continues to roll out. Bristol-Myers Squibb Co.'s once seemingly unassailable lead in the immune checkpoint inhibitor field is slipping as Merck & Co. Inc. gains ground, and this should be the quarter where its PD-1 inhibitor Keytruda sales overtake Bristol's Opdivo.
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