Bristol-Myers Squibb Co. should be able to forestall some investor concerns about lagging sales of its one-time leading PD-1 inhibitor Opdivo when third quarter results are released on 31 October with the surprise announcement 22 October of an important win in the critical first-line lung cancer setting for the combination of Opdivo plus Bristol’s CTLA-4 inhibitor Yervoy and chemotherapy.
It’s an oddly similar dynamic to the previous quarter, when positive results from the Phase III CheckMate-227 trial came out the evening before second-quarter sales and earnings were released. The '227 data, which support the immuno-oncology combination’s use as a chemo-free option for first-line non-small cell lung cancer, dominated the earnings call – where Q2 Yervoy (ipilimumab) sales dropped from Q1, although they rose 17% from the second quarter of 2018 to $367m. Opdivo sales increased 12% year-over-year to $1.82bn for the second quarter of 2019
Read the full article – start your free trial today!
Join thousands of industry professionals who rely on Scrip for daily insights
- Start your 7-day free trial
- Explore trusted news, analysis, and insights
- Access comprehensive global coverage
- Enjoy instant access – no credit card required
Already a subscriber?