1. Scrip
  2. >>Business
  3. >>Earnings

Bristol Projects Opdivo Sales Will Grow Again In 2021

 
• By Mandy Jackson

With new Opdivo/Yervoy combination data in first-line lung cancer, the company expects the PD-1 inhibitor’s growth to go from flat to rising in 2021. Bristol’s and Celgene’s third quarter earnings exceeded expectations and their merger is on track to close this year.

SC1910_Lung Cancer_47781766_1200.jpg
Bristol expects first-line lung cancer to boost Opdivo sales starting in 2021. • Source: Shutterstock

Bristol-Myers Squibb Co. is optimistic that one-time PD-1 inhibitor market leader Opdivo (nivolumab) can return to growth in 2021 now that its Opdivo/Yervoy (ipilimumab) combination has delivered positive overall survival results in two first-line lung cancer studies, the company said during its 31 October third quarter earnings call.

But even with Opdivo sales flattening out due to competition from Merck & Co. Inc.’s anti-PD-1 drug Keytruda (pembrolizumab) in first-line non-small cell lung cancer (NSCLC), Bristol’s third quarter sales of $6bn exceeded analyst consensus of $5.9bn, driven by growth in the rest of its portfolio. The company said its $74bn acquisition of Celgene Corp

Q3 Global Product Sales

Opdivo $1.82bn, up 1% year-over-year

Eliquis $1

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
Start Free Trial

Already a subscriber?

More from Earnings

Dr Reddy’s Gears For Tariffs Scenario, To Ensure No US Supply Disruption

 
• By Anju Ghangurde

Dr. Reddy's Laboratories preps for potential US tariffs, focusing on sustaining product supply and collaborating with customers on inventories. A recent US plant sale, the firm stressed, was unrelated to tariffs and underlines its openness to ‘make in the US’, where it launched 18 products in fiscal 2025.

Takeda Plans US Investment But Sees Little Impact From Tariffs

 
• By Alaric DeArment

The Japanese drug maker is on track for three pivotal Phase III readouts and two regulatory submissions in 2025.

Q1 S&E In Brief: Tracking New Launches And Catalysts In Biopharma

 
• By Jessica Merrill and Joseph Haas

Neurocrine, Madrigal and Vanda updated investors on new drug launches, while Cytokinetics talked to investors about an FDA extension for aficamten.

Viatris Will File ‘Fast-Acting’ Meloxicam For FDA Approval This Year

 
• By Joseph Haas

Seven years after acquiring it, Viatris will seek approval of a meloxicam formulation for acute pain backed by data from two Phase III studies in post-surgical pain settings.

More from Business