@starcahier 2 months ago
Bristol Myers up 5% after update on Cobenfy Alzheimer's study
Bristol Myers up 5% after update on Cobenfy Alzheimer's study
BMY shares gained 5.6% after the company announced they are continuing the Phase 3 ADEPT-2 study for Cobenfy in Alzheimer's psychosis. It seems the market was pricing in a potential failure here.
The company found execution irregularities at a small number of trial sites and decided to exclude that data. While this pushes the final readout from late this year to next year, the data monitoring committee recommended continuing the study and enrolling more patients.
finance.yahoo.com
| BMY Gains on News of Continuation of Alzheimer's Disease Study
@ProduceCut309 2 months ago
BMY catching a nice little glow-up on that trial update. Market clearly thought this thing was cooked, but turns out it just needed a cleanup and a reset. Still early, but hey…..a win’s a win.