Phase 3 Trial Halted for Abecma in Newly Diagnosed Myeloma Patients

Wednesday, 25 September 2024, 08:56

Bristol Myers Squibb and 2seventy Bio's key trial for Abecma in newly diagnosed myeloma patients has been halted. This decision could save the companies $80 million as they shift focus towards profitability. Despite the halt, they anticipate growth following FDA approval in April.
Benzinga
Phase 3 Trial Halted for Abecma in Newly Diagnosed Myeloma Patients

Key Developments in Myeloma Treatment

Bristol Myers Squibb (NYSE:BMY) and 2seventy Bio (NASDAQ:TSVT) have made a significant announcement regarding their phase 3 trial, KarMMa-9, involving the treatment Abecma. The trial has been halted for newly diagnosed myeloma patients.

Financial Implications

This decision is projected to save approximately $80 million. The companies are refocusing their strategy to ensure profitability by 2025, indicating a shift in their operational priorities.

Future Expectations

Despite the halt, both companies express confidence in strong growth, driven in part by the recent FDA approval secured in April.


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