Bristol Myers Squibb (BMY) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this biopharmaceutical company have returned +6.5% over the past month versus the Zacks S&P 500 composite's +6.4% change. The Zacks Medical - Biomedical and Genetics industry, to which Bristol Myers belongs, has lost 1% over this period. Now the key question is: Where could the stock be headed i ...

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Bristol-Myers Squibb Company (NYSE: BMY ) looks ready to appreciate on the strength of a new drug approval, as well as improved technicals. The large cap pharmaceutical company performed poorly throughout 2023 and finally reached a capitulatory bottom in the springZvi provides advisory services to companies, trusts, and individuals, including consulting expert services regarding retirement and estate planning. Zvi is admitted to practice law in the state of New York, where he offers cash management, Bitcoin ...

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Bristol-Myers Squibb Co (NYSE:BMY) is up 3.2% at $51.71, after the U.S. Food & Drug Administration (FDA) approved the pharma name's schizophrenia treatment, Cobenfy. This marks the first new treatment for the mental health condition in 70 years. Today's rise has BMY breaking into positive territory for 2024, and above pressure at the $51 level, which has been caping rallies since late July. Year over year, the equity is still down 11%. Options bulls have been quick to chime in after the news. So far, 47,000 ...

Key TakeawaysBristol Myers Squibb's drug to treat schizophrenia was approved for use by the Food and Drug Administration.The pharmaceutical firm called Cobenfy the first new treatment for the illness in decades.Bristol Myers Squibb said Cobenfy gives patients an important new option to current schizophrenia therapy. Shares of Bristol Myers Squibb (BMY) rose Friday, a day after the Food and Drug Administration (FDA) approved the use of what the pharmaceutical firm called the first treatment for schizophrenia ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

On Thursday, the FDA approved Bristol Myers Squibb & Co’s BMY Cobenfy (xanomeline and trospium chloride, KarXT), an oral medication for schizophrenia in adults.Bristol-Myers added the treatment via Karuna Therapeutics deal for $330 per share in cash for a total equity value of $14 billion.Cobenfy represents the first new class of medicine in several decades and introduces a fundamentally new approach to treating schizophrenia by selectively targeting M1 and M4 receptors in the brain without blocking D2 rece ...

Taking into account the most recent developments, particularly the KarXT ( Cobenfy ) FDA approval , which is poised to be a game changer in the treatment of Schizophrenia, together with the significant advances in the oncology portfolioOriginally a Biologist, M.Sc in Biomedicine, PhD in Bioengineerings, and +20 years experience in the research and development of novel Cell & Gene Therapies (CGT) tackling several clinical needs including orthopaedics and rare diseases. As an investor, I have been utilising m ...