BUZZ-Bristol Myers rises after FDA accepts application for combo drug for colorectal cancer

Reuters
02-24
BUZZ-Bristol Myers rises after FDA accepts application for combo drug for colorectal cancer

** Shares of drugmaker Bristol Myers Squibb BMY.N up 3.2% at $57.61

** Co says the U.S. FDA has accepted for review its marketing application seeking approval of the combination of BMY's Opdivo plus Yervoy as a potential first-line treatment option for patients with types of colorectal cancer

** The FDA is set to make a decision by June 23

** Opdivo plus Yervoy is already approved to treat cancers of the skin, lung, kidney, colon and esophagus

** BMY has rose ~10% in the last 12 months

(Reporting by Siddhi Mahatole)

((Siddhiprabhanjan.mahatole@thomsonreuters.com))

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