Bris­tol-My­ers checks off an­oth­er mile­stone on the Cel­gene CVR, hus­tling Yescar­ta ri­val to the mar­ket

As Bris­tol-My­ers Squibb wrapped its $74 bil­lion ac­qui­si­tion of Cel­gene last No­vem­ber, in­vestors be­gan a 16-month count­down to March 2021 — the dead­line for the phar­ma gi­ant to gain ap­proval on three of its new pipeline fa­vorites in or­der for the $9 con­tin­gent val­ue rights to ma­te­ri­al­ize.

An­oth­er one of them is now firm­ly on track to hit the goal ear­ly.

The FDA has ac­cept­ed Bris­tol-My­ers’ BLA for liso-cel, the CD19-di­rect­ed CAR-T orig­i­nal­ly de­vel­oped by Juno, and grant­ed a pri­or­i­ty re­view that brings the PDU­FA date up to Au­gust 17, 2020.

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