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BMY
CNBC
216 days

Bristol Myers Squibb says Alzheimer's is the biggest market for new schizophrenia drug

1. Bristol Myers Squibb's Cobenfy targets Alzheimer's-related psychosis, a significant market. 2. Cobenfy could generate peak sales of up to $10 billion across multiple uses. 3. Initial late-stage trial data for Cobenfy will be released earlier than expected. 4. Cobenfy addresses risks of atypical antipsychotics, offering a safer alternative. 5. 6 million Alzheimer’s patients in the U.S. amplify Cobenfy's market potential.

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FAQ

Why Very Bullish?

The significant revenue potential for Cobenfy could substantially boost BMY's stock. Historical examples show that successful drug launches significantly enhance stock performance.

How important is it?

The drug's impact on BMY's revenue and market position is critical. Positive trial outcomes are likely to influence investor sentiment significantly.

Why Long Term?

Expected peak sales in 2030 indicates a long-term positive impact. Previous launches of blockbuster drugs often result in sustained stock growth.

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