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Stock impact report

Bristol-Myers pulls Opdivo+Yervoy lung application in Europe [Reuters]

Merck & Company, Inc. (new) (MRK) 
Last merck & company, inc. (new) earnings: 4/28 06:45 am Check Earnings Report
US:NYSE Investor Relations: investors.merck.com/home/default.aspx
Company Research Source: Reuters
Bristol-Myers pulls Opdivo+Yervoy lung application in Europe NEW YORK (Reuters) - Drugmaker Bristol-Myers Squibb Co said on Friday it was pulling the application to have its immunotherapies Opdivo and Yervoy approved in Europe as an initial treatment for advanced lung cancer, after regulators there balked at changes to the design of its clinical trials. The drugmaker said it had no plans to refile the application in the European Union. Lung cancer is the most lucrative oncology market. According to Bristol, Europe’s Committee for Medicinal Products for Human Use (CHMP) said it was not possible to assess the data from the company because of “multiple protocol changes” the company made in its trial. The combination is still under review by the U.S. Food and Drug Administration (FDA), which granted the company priority review for the drugs as a treatment for first line non-small cell lung cancer earlier this month. The FDA is expected to decide on the treatment by May 15. Opdivo is one o Show less Read more
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