Bristol Myers Squibb Company confirmed on 3 November that its oral TYK2 inhibitor deucravacitinib (BMS-986165) is likely to be a formidable competitor in the treatment of psoriasis for Amgen, Inc.’s Otezla (apremilast), the oral Celgene Corporation-developed PDE4 inhibitor that BMS sold to Amgen for $13.4bn to gain US Federal Trade Commission clearance of its $74bn acquisition of Celgene last year.
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