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Benzinga
190 days

What's Going On With Bristol Myers Squibb Stock On Monday?

1. BMY's Breyanzi met primary endpoint in MZL cohort for lymphoma treatment. 2. Breyanzi has a significant overall response rate and good safety profile. 3. FDA previously approved Breyanzi for multiple types of B-cell malignancies. 4. A lawsuit against Bristol-Myers Squibb was dismissed, reducing legal concerns. 5. BMY stock price dropped 2.87% despite strong trial results and legal win.

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FAQ

Why Bullish?

Strong trial results can improve investor sentiment despite current stock decline.

How important is it?

The trial success highlights Breyanzi's competitive position, influencing future revenues.

Why Long Term?

Approval of Breyanzi for various malignancies enhances long-term revenue potential.

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