Get 40% Off
🔥 This hedge fund gained 26.16% in the last month. Get their top stocks with our free stock ideas tool.See stock ideas

Bristol-Myers, Infinity To Test Opdivo Combo For Bladder Cancer

Published 11/06/2018, 10:50 PM
Updated 07/09/2023, 06:31 AM
CELG
-
BMY
-
JNJ
-
CGEN
-
INFIQ
-
ABBV
-

Bristol-Myers Squibb Company (NYSE:BMY) announced that it has signed a collaboration deal with Infinity Pharmaceuticals (NASDAQ:INFI) to evaluate the combination of its PD-1 inhibitor, Opdivo, and the latter’s investigational immunotherapy, IPI-549, for the treatment of advanced urothelial cancer, a type of bladder cancer.

Infinity will conduct and operate the study. The phase II MARIO-275 study will enroll approximately 150 patients that will compare the Opdivo + IPI-549 combo with Opdivo alone in advanced urothelial cancer patients, whose disease has progressed or recurred following treatment with platinum-based chemotherapy. The study’s primary endpoint will be its overall response rate.

Per the company, the main idea of the study is to check whether targeting the tumor microenvironment with IPI-549 will increase the activity of Opdivo for subjects with urothelial cancer.

The evaluation is expected to start in the first half of 2019. Notably, the combination drugs are already being examined in a phase I/Ib study on patients with advanced solid tumors.

Bristol-Myers’ clinical study collaboration with Infinity to assess the IPI-549/Opdivo combination bodes well for the former.

Opdivo gained a regulatory nod for the first indication in July 2014. It is currently approved across several countries for several cancer indications. Potential approval for other diseases will further boost prospects of this blockbuster drug.

Opdivo retained its impressive performance with sales surging 42% year over year to $1.79 billion. Evidently, it became the top revenue generator for the company in third-quarter 2018.

In October, Bristol-Myers announced that it has entered into a clinical trial agreement with Compugen (NASDAQ:CGEN) . Per the deal, both companies will evaluate the safety and tolerability of Compugen's COM701, an investigational antibody, combined with Opdivo for treating patients afflicted with advanced solid tumors.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Bristol-Myers has deals inked with several other research institutes plus small and large biotech as well as pharma giants for studying Opdivo in combination with their cancer treatments. The leading names include Johns Hopkins University, Johnson & Johnson (NYSE:JNJ) AbbVie (NYSE:ABBV), Five Prime, Lilly, Celgene (NASDAQ:CELG), Celldex, Nektar, Infinity Pharma and Seattle Genetics among others.

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

See This Ticker Free >>



Johnson & Johnson (JNJ): Free Stock Analysis Report

Bristol-Myers Squibb Company (BMY): Free Stock Analysis Report

Compugen Ltd. (CGEN): Free Stock Analysis Report

Infinity Pharmaceuticals, Inc. (INFI): Free Stock Analysis Report

Original post

Zacks Investment Research

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.