Bristol Myers (BMY) Clinches FDA Nod For MS Drug Zeposia
Zacks Investment Research | Mar 26, 2020 11:18PM ET
Bristol-Myers Squibb Company (NYSE:BMY) announced that the FDA has approved Zeposia (ozanimod) for the treatment of adults with relapsing forms of multiple sclerosis (RMS) including those with clinically isolated syndrome, relapsing-remitting disease and active secondary progressive disease.
Per the company, the once-daily oral medicine Zeposia (0.92 mg) becomes the only-approved sphingosine-1-phosphate (S1P) receptor modulator that offers RMS patients an initiation with no genetic test and requires no label-based first-dose observation for patients.
Notably, this is the first FDA-approved new drug application for Bristol-Myers following the acquisition of biotech giant Celgene Corporation (NASDAQ:CELG) last November. The combined company is well-positioned to address the needs of patients with cancer, inflammatory, immunologic, cardiovascular or fibrotic diseases through high-value innovative medicines and leading scientific capabilities.
Shares of Bristol-Myers have rallied 9.2% in the past year against the Zacks Investment Research
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