But as the markets matured in immuno-oncology, in the main, Rahway's has shown stronger statistically better (longer term) survival data than BMS's agent has. [In the US, it is difficult to get full reimbursement for a "second best" agent, with a winner already available, in many solid organ tumors.] And so -- as of last Thursday, Bristol Myers Squibb began retrenching, thus:
. . .Bristol Myers Squibb on Thursday said that around 2200 staff will be impacted by cost-cutting measures designed to save about $1.5 billion by the end of 2025, with two-thirds of the savings coming from R&D. The initiative will reduce management layers in an effort to speed decision making, along with pipeline rationalisation and site consolidation. . . .
However, revenue from Opdivo fell 6% to $2.1 billion.
Chief commercialisation officer Adam Lenkowsky explained that the PD-1 inhibitor was hit by changes in buying patterns in the US, but the company is "confident we will see accelerating growth this year. . . ."
I would not bet on many more high growth quarters for BMS's Opdivo -- Keytruda has become the gold standard choice here (especially inside the US). So we extend our best meditations, to the families of the 2,200 BMS people being let go. Onward -- now you know.
नमस्ते
No comments:
Post a Comment