“Amidst the inevitable transformation of the pharmaceutical industry, top drug companies are determined to stay in the spotlight and emerge as highly profitable global pharma giants."
"BMS and Celgene are already among the ten largest drug makers in the US; BMS being the eighth largest with an annual revenue of $20.8 billion and Celgene the ninth largest, with a revenue of $13.0 billion."
“As a result of the spectacular merger, BMS is likely to join the top five pharma companies and the combined revenue will place the company behind the leading three pharma giants: Johnson & Johnson, Pfizer and Merck."
“BMS is a world leader in the melanoma market and was the first to launch a targeted therapy, Yervoy (ipilimumab), for advanced melanoma. More recently, immuno-oncology (IO) drug development has been looking towards combination trials of IO-only combinations as well as combinations with targeted agents, with radiotherapy or with chemotherapy."
GlobalData’s report, Immuno-Oncology Development Trends and Opportunities, found that IO-only combinations commonly involve BMS’ Opdivo (nivolumab) and Yervoy.
“The BMS/Celgene unity will not only increase BMS’ leadership across its cancer, immunology and inflammation portfolio, but it will also benefit from Celgene’s rich pipeline portfolio."
"Celgene has a particularly large number of oncology drugs in late-stage development that include Revlimid (lenalidomide), Pomalyst (pomalidomide), Abraxane (paclitaxel), Istodax (romidepsin), Imfinzi (durvalumab) and tislelizumab.”