Bristol Myers Squibb's Iberdomide New Drug Application Accepted by FDA
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
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Should l Buy BMY?
Bristol Myers Squibb announced that the U.S. FDA has accepted a New Drug Application for iberdomide combined with standard treatment in patients with relapsed or refractory multiple myeloma. Iberdomide is part of an investigational, new class of medicines called cereblon E3 ligase modulator agents. The FDA has granted a Prescription Drug User Fee Act date of August 17, 2026 for this indication.
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Analyst Views on BMY
Wall Street analysts forecast BMY stock price to fall
20 Analyst Rating
8 Buy
11 Hold
1 Sell
Moderate Buy
Current: 60.350
Low
37.00
Averages
55.86
High
68.00
Current: 60.350
Low
37.00
Averages
55.86
High
68.00
About BMY
Bristol-Myers Squibb Company is a global biopharmaceutical company. It is engaged in the discovery, development and delivery of transformational medicines for patients facing serious diseases in areas: oncology, hematology, immunology, cardiovascular, neuroscience and other areas. Its growth portfolio includes Opdivo (nivolumab), Opdivo Qvantig (nivolumab and hyaluronidase-nvhy), Yervoy (ipilimumab), Reblozyl (luspatercept-aamt), Opdualag (nivolumab and relatlimab-rmbw), Breyanzi (lisocabtagene maraleucel), Camzyos (mavacamten), Zeposia (ozanimod), Abecma (idecabtagene vicleucel), and Sotyktu (deucravacitinib). Its other growth products include Onureg, Inrebic, and Empliciti. Its legacy portfolio includes Eliquis (apixaban), Revlimid (lenalidomide), Pomalyst/Imnovid (pomalidomide), Sprycel (dasatinib), and Abraxane (paclitaxel albumin-bound particles for injectable suspension). Opdivo (nivolumab) is a fully human monoclonal antibody that binds to the PD-1 on T and NKT cells.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Target Action Date: The FDA has set August 17, 2026, as the target action date for the New Drug Application, a timeline that will directly influence the company's future market strategy and financial performance.
- Clinical Trial Support: The application is backed by data from the ongoing Phase 3 EXCALIBER-RRMM study, aimed at providing new treatment options for patients with relapsed or refractory multiple myeloma, demonstrating the company's continued investment in research and development.
- Disease Response Evaluation: The application focuses on the endpoint related to minimal residual disease (MRD), which has become a critical measure for evaluating treatment response in multiple myeloma, reflecting the company's commitment to clinical efficacy and its competitive positioning in the market.
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- Target Action Date: The U.S. FDA has set a target action date of August 17, 2026, for the grants related to the therapy designation and priority review.
- Grants Overview: The announcement pertains to grants that are expected to facilitate advancements in therapeutic designations and priority reviews.
See More
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- Tech Stocks Surge: Nvidia's shares rose 2% following a multiyear partnership with Meta, which will utilize millions of Nvidia chips for its data center expansion, thereby enhancing its competitive edge in the tech sector.
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- Cybersecurity Concerns: Despite Palo Alto Networks exceeding earnings expectations, its stock fell 7.3% due to ongoing fears that AI could erode its market share, although the CEO argues that increased AI usage will drive demand for security solutions.
- Pharmaceutical Breakthrough: Bristol Myers' FDA-approved drug Camzyos has contributed to a 27% stock price increase over three months, but setbacks in trials for its Alzheimer's treatment raise investor caution regarding future performance.
See More
AstraZeneca and Bristol Myers Squibb Collaborate with Evinova for AI Drug Development
- Collaborative Drug Development: AstraZeneca and Bristol Myers Squibb are partnering with Switzerland-based Evinova to leverage its AI-native platform for drug development, aiming to enhance research efficiency and reduce costs.
- Cost Savings in R&D: Evinova claims its platform can deliver at least 5%-7% savings per study, which will significantly improve the economic viability of drug development and enhance the competitive edge of the partners in the market.
- Intelligent Clinical Design: Evinova's AI digitizer capability converts clinical study designs, protocols, and documents into machine-readable formats, improving data processing efficiency and accelerating the drug development timeline.
- Multi-Partner Collaboration Model: The platform's flexible architecture enables a multi-model partner approach, providing access to advanced AI models and deep enterprise expertise, fostering smarter operational insights and driving innovation in the industry.
See More
EVINOVA FORGES STRATEGIC PARTNERSHIPS WITH ASTELLAS, ASTRAZENECA, AND BRISTOL MYERS SQUIBB TO ENHANCE ITS AI-DRIVEN PLATFORM FOR FASTER GLOBAL CLINICAL DEVELOPMENT
Strategic Collaborations: EvinoVA has announced strategic collaborations with major pharmaceutical companies including Astellas, AstraZeneca, and Bristol Myers Squibb.
Focus on Clinical Development: These partnerships aim to advance EvinoVA's AI-native platform to accelerate global clinical development efforts.
See More
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- Market Size Growth: According to DelveInsight's analysis, the juvenile idiopathic arthritis market is projected to reach USD 2.3 billion by 2025, indicating stable growth potential over the next decade, reflecting increasing demand for new therapies.
- Increased Disease Awareness: As awareness of juvenile idiopathic arthritis rises, the total cases in the 7MM are expected to increase from 141,800 in 2025 to 173,000 by 2036, with a CAGR of 1.8%, driving demand for new treatment options.
- Emerging Therapies Launch: Emerging therapies such as SOTYKTU from Bristol-Myers Squibb and BIMZELX from UCB Biopharma are in clinical trials and are expected to transform the market landscape by providing more effective treatment options, thereby enhancing patient quality of life.
- Intensifying Market Competition: With multiple pharmaceutical companies like Novartis and AbbVie entering the juvenile idiopathic arthritis treatment space, competition will intensify, driving innovation and R&D investment, further accelerating rapid market development.
See More
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- FDA Priority Review: Bristol Myers Squibb announced that its marketing application for iberdomide, an experimental therapy for multiple myeloma, has received priority review from the FDA, marking a significant advancement in the blood cancer treatment landscape.
- Target Action Date: The FDA has set August 17, 2026, as the target action date for the New Drug Application, a timeline that will directly influence the company's future market strategy and financial performance.
- Clinical Trial Support: The application is backed by data from the ongoing Phase 3 EXCALIBER-RRMM study, aimed at providing new treatment options for patients with relapsed or refractory multiple myeloma, demonstrating the company's continued investment in research and development.
- Disease Response Evaluation: The application focuses on the endpoint related to minimal residual disease (MRD), which has become a critical measure for evaluating treatment response in multiple myeloma, reflecting the company's commitment to clinical efficacy and its competitive positioning in the market.
See More
