David Chang and Arie Belldregun are trying to disrupt the CAR-T space, but analysts say they face an uphill battle in a crowded field (Jeff Rumans)

#ASH20 saw a BC­MA brawl. Who's still stand­ing? And who got knocked out for good?

Can too much suc­cess be a bad thing?

Prob­a­bly not for pa­tients, but for drug com­pa­nies the over­whelm­ing suc­cess of BC­MA-tar­get­ing ther­a­pies is prob­a­bly go­ing to mean that, de­spite pos­i­tive re­sults, some com­pa­nies are go­ing to lose out to oth­ers that put up bet­ter ones.

“ASH pre­sen­ta­tions ap­pear fine but so do all the com­peti­tors,” Baird’s Bri­an Sko­r­ney wrote of Re­gen­eron’s re­sults, sum­ming up a cool, wide­spread en­thu­si­asm.

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