Bristol Myers Squibb and 2seventy Bio Discontinue Abecma Trial Amid Concerns
Halt of Abecma Trial by Bristol Myers Squibb and 2seventy Bio
2seventy bio (TSVT) and Bristol Myers Squibb (BMY) have jointly decided to discontinue enrollments in their Phase 3 trial for the cancer drug Abecma. This significant move reflects concerns related to the drug's efficacy and patient safety amid ongoing research challenges.
Impact on Stock and Future Developments
As a direct effect of this announcement, 2seventy bio's stock has experienced notable losses in the market. Investors and stakeholders are now closely watching potential implications for Bristol Myers Squibb's broader oncology portfolio, as this trial discontinuation could reshape strategic plans within the companies.
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