Bristol-Myers reports positive data on cancer treatment acquired in Celgene deal - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

The company said it will apply for U.S. approval for the treatment for a type of advanced blood cancer by the end of the year.

The study tested three dose levels of liso-cel in the 269 patients with relapsed or refractory large B-cell lymphoma. The data marks a win for Bristol-Myers after its purchase of Celgene met resistance from some investors who thought that it was overpaying for the cancer-focused biotech. Celgene had forecast annual sales reaching $3 billion for the immunotherapy. If approved, it would lessen some of Bristol-Myers’ dependence on its immunotherapy Opdivo, which has faced stiff competition from Merck & Co’s market leading rival drug Keytruda.

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