Bristol Myers' Opdivo turns the boat around in Q2 as manufacturing issues haunt CAR-T launch
What a difference a quarter can make.
Stinging from a dip in sales for I/O blockbuster Opdivo last quarter, Bristol Myers Squibb’s top checkpoint inhibitor turned the boat around in Q2, posting 16% growth from the same timeframe in 2020 to $1.91 billion.
On a call with analysts, Bristol Myers execs cited the turnaround to Opdivo’s ongoing gastric cancer launch as well as the inevitable turnaround in prescribing as the Covid-19 pandemic begins to wane. It’s a strong showing for Opdivo despite the fact that the Opdivo combo with CTLA4 inhibitor Yervoy continues turning up red flags.
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