Bristol Myers Squibb (BMY) Stock Is On The Rise After Its Cancer Treatment Update

The recent updates on cancer treatment helped to reverse a downgrade in prices that began in late April. On July 12, the price is set at $67.5 with a 0.51% increase in the stock. Despite an average beta score of 0.62, the stock is highly volatile. Currently, the company might be losing its earnings as the EPS rate is negative 2.76.

In early June, the company released the news that their cancer drug known as “Breyanzi” surpassed standard treatment in patients with lymphoma. Breyanzi showed many benefits for individuals with previously treated large B-cell lymphoma when compared to chemotherapy plus stem cell transplant.

Bristol recently announced that Opdivo-containing regimens improved overall survival in patients with a kind of esophageal cancer. Chemotherapy is usually one of the most common ways of combating the disease. A combination of Opdivo and Yervoy was also approved in Europe for individuals with lung cancer.

Paul Meyer

Part-Time Reporter. Paul could do better in his engineering profession where he became a real pro. However, he chose the finance field to find a tranquil environment in his career. Today he creates a good number of great content for our team.

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