icon
icon
icon
icon
$300 Off
$300 Off

News /

Articles /

Bristol Myers Squibb Stock Sees Mixed Trading Volume Amid FDA Approval and Layoffs

Market BriefFriday, Apr 11, 2025 7:51 pm ET
1min read

On April 11, 2025, bristol myers squibb (BMY) experienced a significant decline in trading volume, with a 44.12% decrease compared to the previous day. The company's stock price also saw a slight increase of 0.50%. This fluctuation in trading volume and stock price can be attributed to several key developments related to Bristol Myers Squibb.

One of the most significant developments was the FDA's approval of Opdivo (nivolumab) plus Yervoy (ipilimumab) as a first-line treatment for unresectable or metastatic hepatocellular carcinoma. This approval marks a major milestone for Bristol Myers Squibb, as it expands the use of its immunotherapy combination for a broader range of cancer patients. The approval was based on the Phase 3 CheckMate-9DW trial, which demonstrated a statistically significant overall survival benefit compared to investigator’s choice of lenvatinib or sorafenib. This news is likely to have a positive impact on the company's stock price, as it highlights the effectiveness of its immunotherapy treatments and opens up new revenue streams.

Additionally, Bristol Myers Squibb announced that it will lay off 57 workers from its Redwood City facility. This news is likely to have a negative impact on the company's stock price, as it raises concerns about the company's financial health and its ability to maintain its workforce. However, the layoffs are part of a broader restructuring effort aimed at improving the company's long-term prospects.

Furthermore, Halozyme Therapeutics announced that the European Commission has approved the subcutaneous formulation of Opdivo (nivolumab) with ENHANZE® across multiple indications. This approval is expected to increase the convenience and accessibility of Opdivo for patients, potentially leading to increased demand for the drug and a positive impact on Bristol Myers Squibb's stock price.

Comments

Add a public comment...
Post
User avatar and name identifying the post author
bottomline77
04/11
Layoffs suck, but restructuring might help long-term.
0
Reply
User avatar and name identifying the post author
Anonym0us_amongus
04/11
Opdivo's approvals = 🚀 Bristol MYErs moonshot?
0
Reply
User avatar and name identifying the post author
Artistic_Studio2784
04/11
Volume dip, price rise? Market's sending mixed signals.
0
Reply
User avatar and name identifying the post author
SHIT_ON_MY_BALLS
04/11
Bristol MYErs making moves with Opdivo, but those layoffs got me 🤔. Long-term play or short-term pain?
0
Reply
User avatar and name identifying the post author
CrimsonBrit
04/11
Bristol Myers Squibb's got the FDA thumbs-up for Opdivo and Yervoy. More approvals mean more green, right?
0
Reply
User avatar and name identifying the post author
breakyourteethnow
04/11
Holding $BMY for immunotherapy gains, staying bullish.
0
Reply
User avatar and name identifying the post author
EmergencyWitness7
04/11
ENHANZE tech cool; subcutaneous wins, patients grin 😊.
0
Reply
User avatar and name identifying the post author
BobbyFuckkingAxelrod
04/11
OMG!I successfully capitalized on the BMY stock's bearish trend, generating $480!
0
Reply
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.
You Can Understand News Better with AI.
Whats the News impact on stock market?
Its impact is
fork
logo
AInvest
Aime Coplilot
Invest Smarter With AI Power.
Open App