After 16 years, BMS' megablockbuster cancer drug finally runs into its first generic competition
First approved by the FDA in 2006, Bristol Myers Squibb’s cash cow cancer drug Revlimid on Monday began seeing competition for the first time with a Teva generic.
Acquired as part of BMS’ $74 billion buyout of Celgene in 2019, the multiple myeloma and third-line mantle cell lymphoma drug, known generically as lenalidomide, hauled in $12.8 billion in 2021, and more than $12 billion in 2020 too. And from 2009 to 2018, Celgene reported over $50 billion in net worldwide revenue from Revlimid.
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