Bristol Myers (BMY) announced that the Committee for Medicinal Products for Human Use, or CHMP, of the European Medicines Agency, or EMA, has recommended approval of Opdivo plus Yervoy for the first-line treatment of adult patients with microsatellite instability-high or mismatch repair deficient unresectable or metastatic colorectal cancer. Of significance, the CheckMate -8HW trial results showed reduction in the risk of disease progression or death by 79% compared to chemotherapy in this patient population. The European Commission, which has the authority to approve medicines for the European Union, will now review the recommendation and make their decision.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BMY:
- Bristol Myers receives positive CHMP opinion for repotrectinib
- Wolfe starts Bristol Myers at Peer Perform, sees potential comeback story
- Bristol Myers initiated with a Peer Perform at Wolfe Research
- Bristol Myers Squibb put volume heavy and directionally bearish
- Elliott confirms big Honeywell stake, Home Deport reports Q3 beat: Morning Buzz