Five years after the companys portfolio bottomed out, Bristol-Myers Squibb markets three of the worlds six best-selling pharma brands.

By Joshua Slatko [emailprotected]

Bristol-Myers Squibb Co.

430 E. 29th Street, 14th Floor New York, NY 10016 Phone: 212-546-4000 Website: bms.com

FINANCIAL PERFORMANCE

(All figures are in millions of dollars, except EPS)

2019

Revenue $26,145

Net income $3,460

Diluted EPS $2.01

R&D expense $6,148

1H 2020

Revenue $20,910

Net income $(846)

Diluted EPS $(0.38)

R&D expense $4,894

BEST-SELLING Rx PRODUCTS

(All sales are in millions of dollars)

2019

Eliquis $7,929

Opdivo $7,204

Orencia $2,977

Sprycel $2,110

Yervoy $1,489

Revlimid $1,299*

Baraclude $555

* Sales with BMS after completion of the Celgene acquisition in November 2019.

1H 2020

Revlimid $5,799

Eliquis $4,804

Opdivo $3,419

Orencia $1,464

Pomalyst/Imnovid $1,458

Sprycel $1,032

Yervoy $765

Abraxane $608

Vidaza $284

Outcomes Creativity Index Score: 0 Manny Awards N/A Cannes Lions N/A LIA: Health & Wellness N/A Clio Health N/A One Show: HW&P N/A MM&M Awards N/A Global Awards N/A Creative Floor Awards N/A

When Giovanni Caforio, MD, took over as CEO of Bristol-Myers Squibb in May 2015, the companys annual top-line revenue had just fallen below $16 billion and its leading product, the $2 billion Abilify, had gone generic the month before. But the seeds of future success had already been planted. Opdivo earned the drugs first approval from FDA in December 2014, sales of Eliquis had just more than quadrupled to $774 million, and BMS was starting to look like it might really be what the leadership team had been starting to call it: an Immuno-Oncology company. Having risen through the companys oncology divisions, Dr. Caforio was the man for the moment. Five years later, Opdivo is the worlds third-best-selling oncologic, Eliquis is the worlds leading cardiovascular brand, and BMS acquisition of Celgene a move that would have been barely conceivable back in 2015 has brought the $10 billion oncology brand Revlimid into the fold as well, alongside Pomalyst (tracking towards $3 billion in annual sales), the recently approved products Reblozyl, Zeposia and Onureg, and the high-potential developmental CAR T compounds liso-cel and ide-cel, among others. For this extraordinary turnaround, for the courageous and ultimately successful all-in bets on Opdivo and Eliquis, and for the aggressive pursuit and capture of Celgene to firm up both the top line and the pipeline, Med Ad News is pleased to name Bristol-Myers Squibb as Company of the Year.

By all measures, 2019 was a transformative year for Bristol-Myers Squibb as we progressed our strategy through the acquisition of Celgene, delivered strong operational and financial performance, and continued to drive important science for patients, said Giovanni Caforio, MD, CEO of Bristol-Myers Squibb.

By all measures, 2019 was a transformative year for Bristol-Myers Squibb as we progressed our strategy through the acquisition of Celgene, delivered strong operational and financial performance, and continued to drive important science for patients, Dr. Caforio said at the end of 2019. With an expanded portfolio of high-performing brands, eight potential commercial launch opportunities, a deep and broad early pipeline, and the financial flexibility to continue to invest in innovation, the company enters 2020 uniquely positioned to transform patients lives through science and create long-term sustainable growth.

Helped along by a month and change of legacy Celgene revenue, BMS top line in 2019 was $26.15 billion, an improvement of 15.9 percent compared with the previous year. Due in part to the impact of amortization of acquired intangible assets and other costs from the Celgene transaction, though, net income for the year declined 30.1 percent to $3.46 billion and diluted earnings per share were down a dollar to $2.01. In the first half of 2020, the first full half of legacy Celgene, top-line sales were up by 71.5 percent to $20.91 billion. However, due to more amortization of acquired intangible assets $4.67 billion of it and other Celgene-related costs, net income fell into the red at negative $846 million and EPS was -$0.38. BMS executives are estimating that full-year EPS for 2020 will fall between -$0.06 and $0.09; without all the one-time Celgene charges and costs, though, they are projecting full-year 2020 EPS at between $6.10 and $6.25.

Acquisitions &partnerships

In January, BMS and Nektar Therapeutics announced a new joint development plan to advance bempegaldesleukin (bempeg) plus Opdivo into multiple new registrational trials.

The revision to the companies strategic collaboration agreement includes a new joint development plan under which Nektar and Bristol-Myers Squibb will expand the active clinical development program for bempeg plus nivolumab from three ongoing registrational trials in first-line metastatic melanoma, first-line cisplatin-ineligible metastatic urothelial cancer and first-line metastatic renal cell carcinoma (RCC) to include two additional registrational trials in adjuvant melanoma and in muscle-invasive bladder cancer. In addition, a Phase I/II dose escalation and expansion study will be initiated to evaluate bempeg plus nivolumab in combination with axitinib in first-line RCC in order to support a future registrational trial. The costs for these studies will be shared based upon the cost-sharing outlined in the terms of the original collaboration agreement. Also as part of the new strategic collaboration agreement, Bristol-Myers Squibb will independently conduct and fund a Phase I/II dose optimization and expansion study in first-line non-small-cell lung cancer with bempeg and nivolumab.

In February, BMS and BioMotiv, a mission-driven drug development accelerator associated with The Harrington Project for discovery and development, that advances breakthrough discoveries from research institutions into therapeutics, announced the launch of Anteros Pharmaceuticals, a biotechnology company focused on developing a new class of drugs for fibrotic and other inflammatory diseases. The intellectual property behind Anteros was first developed by Yale University and in-licensed by Bristol-Myers Squibb and subsequently assigned to Anteros. This is the first company BioMotiv and Bristol-Myers Squibb have launched since executing their Strategic Partnership Agreement, as previously announced in September 2019.

Under the terms of the partnership, Bristol-Myers Squibb is contributing the IP, data, and reagents for a series of small molecules against an undisclosed mechanism, and BioMotiv, through the formation of Anteros Pharmaceuticals, working in close partnership with Yale, is solely responsible for research and development. Once Anteros nominates a pre-clinical candidate, Bristol-Myers Squibb has the option to acquire the company from BioMotiv under pre-agreed terms.

During March, Bristol-Myers Squib and Voluntis announced a collaboration agreement to create and investigate digital therapeutic solutions that will support cancer patients. Taking advantage of Theraxium Oncology, Voluntis core platform for digital therapeutics in oncology, the collaboration is evaluating potential solutions that will support management of patient symptoms and remote monitoring by healthcare providers.

According to company leaders, the goal is that the digital therapeutic, once researched and developed, would provide patients access to a mobile app that would support treatment and track symptoms. The app will be developed to embed evidence-based algorithms intended to provide patients with real-time recommendations for self-management of symptoms related to their therapy. The parties will also investigate how the solution could enable patients to more effectively communicate with their health care providers, capture and track symptoms, and receive a personalized supportive care plan.

In August 2020, BMS and Forbius, a privately held, clinical-stage protein engineering company that designs and develops biotherapeutics for the treatment of cancer and fibrotic diseases, announced that they had entered into a definitive agreement under which Bristol-Myers Squibb would acquire Forbius. The acquisition was completed during September.

Forbius has developed a portfolio of highly selective and potent inhibitors of TGF-beta 1 and 3, which are key mediators of immunosuppression and fibrosis. The transaction included an upfront payment and future success-based milestone payments. Prior to closing, Forbius non-TGF-beta assets were transferred to a newly formed private company, which is retained by Forbius existing shareholders.

Under this transaction, Bristol-Myers Squibb acquired Forbius TGF-beta program, including the programs lead investigational asset, AVID200. TGF-beta is a key cytokine that regulates various cell processes, including regulation of the immune system. Selective inhibition of TGF-beta 1 and 3 may enhance anti-tumor efficacy by acting synergistically with immunotherapy. AVID200 is undergoing Phase 1 development for oncology and fibrosis.

Also in August, BMS and Dragonfly Therapeutics Inc. announced that they had entered into a definitive agreement under which Bristol-Myers Squibb would be granted the global exclusive license to Dragonflys interleukin-12 (IL-12) investigational immunotherapy program, including its extended half-life cytokine DF6002. DF6002 is a monovalent IL-12 immunoglobulin Fc fusion protein proposed to achieve strong anti-tumor efficacy by establishing an inflammatory tumor microenvironment necessary for productive anti-tumor responses.

Under the agreement, Bristol-Myers Squibb is responsible for the development and any subsequent commercialization of DF6002 and its related products worldwide, including strategic decisions, regulatory responsibilities, funding, and manufacturing. Dragonfly will receive $475 million in near-term upfronts, and is eligible to receive performance-based development, regulatory and commercial milestone payments. In addition, Dragonfly will receive up to 24 percent royalties on worldwide net sales.

The Opdivo development train continued to roll during 2020, with two additional FDA approvals in NSCLC and another in HCC.

Dragonfly received FDA clearance in May 2020 for its investigational new drug application to develop DF6002. In addition, Dragonfly has an ongoing Phase I/II clinical trial for patients with advanced solid tumors, which began in July 2020. BMS intends to advance the research and development of DF6002 in oncology and hematology.

Opdivo

Sales of the oncologic Opdivo rose 7 percent in 2019 to $7.2 billion. While international sales were up by 15 percent due to higher demand as a result of approvals for additional indications in 2018 and launches in Europe and Asia, sales growth in the United States was 2 percent, primarily due to a smaller previously treated advanced lung cancer market and increased competition for the Opdivo+Yervoy combination in kidney cancer. Company leaders expect this trend to continue until the market stabilizes or new indications are approved and launched. In the first half of 2020 sales of Opdivo declined by 5.7 percent to $3.42 billion. According to company leaders, this was again due to the smaller previously treated advanced lung cancer market, as well as lower demand due to COVID-19, primarily lower new patient starts and patient visits.

In February, BMS announced five-year follow-up results from the Phase III CheckMate -025 study, which continue to demonstrate that treatment with Opdivo delivers superior overall survival (OS) rate and objective response rate (ORR) in patients with previously treated advanced or metastatic renal cell carcinoma compared to those treated with everolimus.

With an extended minimum follow-up of 64 months, patients treated with Opdivo continued to demonstrate OS benefit with 26 percent of patients alive compared to 18 percent of patients treated with everolimus. Additionally, the percentage of patients experiencing an objective response was 23 percent for Opdivo versus 4 percent for everolimus and the median duration of response for Opdivo was also maintained longer than for everolimus (18.2 months versus 14 months, respectively).

Also in February, BMS announced updated results from the Phase III CheckMate -214 study evaluating the combination of Opdivo plus Yervoy versus sunitinib in patients with previously untreated advanced or metastatic renal cell carcinoma. With a minimum follow-up of 42 months, the combination of Opdivo plus Yervoy continued to show superior OS, ORR, duration of response, and complete response rates.

Sales of Yervoy in the first half of 2020 rose by 1.9 percent to $765 million.

A significant OS benefit was observed in both patients from the intermediate- and poor-risk and the intent-to-treat populations treated with Opdivo plus Yervoy compared to those treated with sunitinib alone. Of the patients treated with Opdivo plus Yervoy who experienced a complete response, per independent review, that response was ongoing in 84 percent and 86 percent of patients in the IP and ITT populations, respectively.

More than half of advanced RCC patients treated with the Opdivo plus Yervoy combination were alive after four years across the entire study population of the Phase 3 CheckMate -214 trial, as reported by Bristol-Myers Squibb in September 2020. With the longest follow-up for an immunotherapy-based combination in previously untreated advanced RCC, Opdivo plus Yervoy continued to demonstrate superior, long-term OS and durable responses versus sunitinib. These sustained benefits were observed across the primary patient population, those with intermediate- and poor-risk prognostic factors, and in the intention-to-treat (ITT, i.e. all randomized) patient population.

During March, FDA approved Opdivo 1 mg/kg plus Yervoy 3 mg/kg (injections for intravenous use) to treat hepatocellular carcinoma (HCC) in patients who have been previously treated with sorafenib. Approval for this indication was granted under accelerated approval based on overall response rate and duration of response seen in the Opdivo + Yervoy cohort of the Phase I/II CheckMate -040 trial. Continued approval for this indication may be contingent upon verification and description of clinical benefit in confirmatory trials. Opdivo + Yervoy is the only dual immunotherapy approved by FDA in this setting. The therapy features a potentially synergistic mechanism of action that targets two different checkpoints (PD-1 and CTLA-4) and works in complementary ways.

In the CheckMate -040 cohort of HCC patients previously treated with sorafenib, after a minimum follow up of 28 months, 33 percent of patients responded to treatment with Opdivo + Yervoy; 8 percent had a complete response, and 24 percent had a partial response. Duration of responses ranged from 4.6 to 30.5-plus months, with 88 percent lasting at least six months, 56 percent at least 12 months, and 31 percent at least 24 months. Overall response rate and DOR were assessed by Blinded Independent Central Review using Response Evaluation Criteria in Solid Tumors version 1.1. ORR assessed by BICR using modified RECIST was 35 percent, with a CR reported in 12 percent of patients and a PR reported in 22 percent of patients.

In April, BMS and Exelixis Inc. announced that CheckMate -9ER, a pivotal Phase III trial evaluating Opdivo in combination with Cabometyx compared to sunitinib in previously untreated advanced or metastatic renal cell carcinoma, met its primary endpoint of progression-free survival (PFS) at final analysis, as well as the secondary endpoints of OS at a pre-specified interim analysis, and ORR.

CheckMate -9ER results were reported in September in which Opdivo in combination with Cabometyx showed superior OS and doubled median PFS and ORR with a favorable safety profile compared to sunitinib.

In May, FDA approved Opdivo 360 mg plus Yervoy 1 mg/kg (injections for intravenous use) given with two cycles of platinum-doublet chemotherapy for the first-line treatment of adult patients with metastatic or recurrent non-small cell lung cancer with no EGFR or ALK genomic tumor aberrations. The therapy was approved for patients with squamous or non-squamous disease and regardless of PD-L1 expression. This application was reviewed under FDAs Real-Time Oncology Review pilot program, which aims to ensure that safe and effective treatments are available to patients as early as possible.

This approval for Opdivo + Yervoy with limited chemotherapy was based on the pre-specified interim analysis from the Phase III CheckMate -9LA trial in which Opdivo + Yervoy combined with two cycles of platinum-doublet chemotherapy demonstrated superior OS versus chemotherapy regardless of PD-L1 expression or tumor histology (minimum 8.1 months follow up). Median OS was 14.1 months versus 10.7 months, respectively. In a follow-up analysis at 12.7 months, the hazard ratio improved numerically to 0.66, with mOS of 15.6 months and 10.9 months. At one year, 63 percent of patients treated with Opdivo + Yervoy with limited chemotherapy and 47 percent of those treated with chemotherapy were still alive.

Also in May, FDA approved Opdivo 3 mg/kg plus Yervoy 1 mg/kg (injections for intravenous use) for the first-line treatment of adults with metastatic non-small cell lung cancer whose tumors express PD-L1 (1 percent) as determined by an FDA-approved test, with no EGFR or ALK genomic tumor aberrations.

This approval was based on Part 1a of the Phase III CheckMate -227 trial in which Opdivo + Yervoy demonstrated superior OS versus chemotherapy regardless of tumor histology with a minimum follow up of 29.3 months. The median OS was 17.1 months versus 14.9 months. In the trial, 63 percent of patients treated with Opdivo + Yervoy and 56 percent treated with chemotherapy were alive at one year, and 40 percent and 33 percent at two years, respectively. At three years (median 43.1 months follow up), 33 percent of patients treated with Opdivo + Yervoy and 22 percent of those treated with chemotherapy were still alive. As assessed by Blinded Independent Central Review, the confirmed overall response rate with a minimum follow up of 28.3 months was 36 percent with Opdivo + Yervoy (5.8 percent complete response and 30.1 percent partial response) and 30 percent with chemotherapy (1.8 percent CR and 28.2 percent PR). Among patients who responded, the median duration of response was 23.2 months for patients treated with Opdivo + Yervoy and 6.2 months for chemotherapy.

In June, FDA approved Opdivo for the treatment of patients with unresectable advanced, recurrent, or metastatic esophageal squamous cell carcinoma after prior fluoropyrimidine- and platinum-based chemotherapy. This application was granted Priority Review Designation by FDA, and the approval was based on the Phase III ATTRACTION-3 trial in which Opdivo demonstrated superior OS versus taxane chemotherapy (investigators choice of docetaxel or paclitaxel). The median OS was 10.9 months for Opdivo compared to 8.4 months for docetaxel or paclitaxel. Opdivo is the first approved immunotherapy in this setting regardless of tumor PD-L1 expression level.

In August 2020, BMS announced that the Phase III CheckMate -577 trial evaluating Opdivo as an adjuvant therapy for patients with resected esophageal or gastroesophageal junction (GEJ) cancer met its primary endpoint of disease-free survival at a pre-specified interim analysis. In the trial, treatment with Opdivo following neoadjuvant chemoradiation therapy and complete surgical resection demonstrated a statistically significant improvement in the primary endpoint of disease-free survival (DFS) compared to placebo in the all-randomized population. The safety profile of Opdivo was consistent with previously reported studies. This is the second tumor, in addition to melanoma, where Opdivo has demonstrated a benefit in the adjuvant setting.

Bristol-Myers Squibb announced results in September from the Phase 3 CheckMate -577 trial in which adjuvant treatment with Opdivo demonstrated a statistically significant and clinically meaningful improvement in DFS compared to placebo in patients with esophageal or GEJ cancer following neoadjuvant chemoradiation therapy and tumor resection.

BMS announced during August that CheckMate -649, a pivotal Phase III trial evaluating Opdivo plus chemotherapy compared to chemotherapy alone as a first-line treatment for metastatic gastric cancer, GEJ cancer or esophageal adenocarcinoma, met both primary endpoints of OS at a pre-specified interim analysis and progression-free survival at final analysis in patients whose tumors express PD-L1 with a combined positive score 5. The OS benefit was also observed in the all-randomized population. Opdivo is the first PD-1 inhibitor to demonstrate superior OS and PFS in combination with chemotherapy when compared to chemotherapy alone in patients with gastric cancer, GEJ, cancer or esophageal adenocarcinoma.

Bristol Myers Squibb reported in September primary results from CheckMate -649 in which first-line treatment with Opdivo plus chemotherapy demonstrated a statistically significant and clinically meaningful improvement in OS and PFS of patients with unresectable advanced or metastatic gastric cancer, GEJ cancer or esophageal adenocarcinoma compared to treatment with chemotherapy alone.

In early October 2020, Opdivo 360 mg every three weeks plus Yervoy 1 mg/kg every six weeks was approved by the U.S. FDA for the first-line treatment of adult patients with unresectable malignant pleural mesothelioma (MPM). The U.S. approval is based on a pre-specified interim analysis from the Phase 3 CheckMate -743 trial in which Opdivo + Yervoy (n=303) demonstrated superior overall survival versus the platinum-based standard of care chemotherapy, with a median OS of 18.1 months (95 percent CI: 16.8 to 21.5) versus 14.1 months (95 percent CI: 12.5 to 16.2), respectively. These results were observed after 22.1 months of minimum follow-up, according to Bristol-Myers Squibb. At two years, 41 percent of patients treated with Opdivo + Yervoy were alive and 27 percent with chemotherapy.

Eliquis took over as the worlds top-selling cardiovascular medicine in 2019 with sales of $7.93 billion.

Opdivo + Yervoy is the first new systemic therapy in more than 15 years to be approved by the FDA in this setting. The marketing approval marks the third indication for Opdivo + Yervoy-based treatments in thoracic cancers and seventh indication overall.

Other productperformances

The cardiovascular drug Eliquis took over as BMS leading brand by revenue in 2019 with growth of 23.2 percent and sales of $7.93 billion for the year, passing Xarelto to become the worlds No. 1 cardiovascular brand. According to BMS executives, U.S. sales of Eliquis increased due to higher demand, partially offset by higher Medicare Part D coverage gap cost share, while international sales rose due to higher demand. In the first half of 2020 sales of Eliquis rose another 21.1 percent to $4.8 billion. Eliquis is indicated for the prevention of stroke in adults with nonvalvular atrial fibrillation, and the prevention and treatment of venous thromboembolism disorders.

The autoimmune product Orencia generated sales of $2.98 billion for BMS in 2019, an improvement of 9.9 percent. According to company leaders, this was driven by higher demand and higher average net selling price. Sales of Orencia in the first half of 2020 edged up by 3.2 percent to $1.46 billion, slowed by the impact of the COVID-19 pandemic. Orencia is indicated for adult patients with moderate to severe active rheumatoid arthritis and psoriatic arthritis and is also indicated for reducing signs and symptoms in certain pediatric patients with moderately to severely active polyarticular juvenile idiopathic arthritis.

In June, BMS announced results from the open-label switch period of Early AMPLE, a Phase IV exploratory biomarker study assessing the differences by which Orencia and another treatment, adalimumab, interfere with disease progression in moderate-to-severe early rheumatoid arthritis patients who tested positive (seropositive) for certain autoantibodies. Findings of the open-label switch period showed that early seropositive RA patients treated with Orencia demonstrated substantial clinical improvements at week 48, sustaining the level of responses achieved at week 24 compared to adalimumab. In seropositive patients switching from adalimumab to Orencia, the efficacy responses generally increased over the open-label period to week 48.

The efficacy responses observed at 24 weeks with Orencia were sustained at week 48 in the patients who continued on Orencia. At week 48, ACR 20/50/70 responses with Orencia in the non-switch arm were 78, 63, and 50, respectively. At week 24, ACR 20/50/70 responses with Orencia were 83, 73, and 50, respectively; ACR 20/50/70 scores for adalimumab at week 24 were 63, 45, and 30, respectively.

In the patients who switched from adalimumab to Orencia, while the trial was not powered to show superiority or non-inferiority, the efficacy responses generally increased over the open-label period through week 48. ACR 20/50/70 scores for patients who switched from adalimumab to Orencia were 75, 63, and 38, respectively, at week 48.

Overall, patients with a well-known genetic marker of RA prognosis, called the Shared Epitope, who continued on Orencia achieved numerically higher responses than the broader seropositive patient population at week 48, indicating the potential importance of SE as a predictor of response to Orencia. ACR 20/50/70 responses were 77, 67 and 53, respectively, for SE+ patients continuing on Orencia.

Sales of the leukemia drug Sprycel rose by 5.5 percent in 2019 to $2.11 billion. Company leaders said this was due to higher average net selling price and higher demand in the United States. In the first half of 2020, Sprycel sales rose 2.9 percent to $1.03 billion, with demand declining in the United States and generic competition internationally. Sprycel is indicated for the first-line treatment of adults with Philadelphia chromosome-positive chronic myeloid leukemia in chronic phase and the treatment of adults with chronic, accelerated, or myeloid or lymphoid blast phase CML with resistance or intolerance to prior therapy.

The oncologic Yervoy generated $1.49 billion in sales for BMS in 2019, an improvement of 12 percent. According to company executives, this was due to higher demand and higher average net selling price in the United States and approvals for additional indications and launches primarily in Europe and Japan in 2018 internationally. Sales of Yervoy in the first half of 2020 rose by 1.9 percent to $765 million, held back by increased competition for the Opdivo + Yervoy combination for kidney cancer.

After joining the BMS portfolio via the Celgene acquisition, the oncologic Revlimid is trending towards more than $11 billion in revenue in 2020.

While they did not have time to add much to BMS 2019 numbers since the Celgene deal closed in November, two legacy Celgene products are going to have a major impact on BMS top line in 2020: Revlimid and Pomalyst/Imnovid. Revlimid, the worlds leading oncology drug by revenue in 2018, generated $10.82 billion in sales and growth of 11.7 percent between Celgene and BMS in 2019, losing its oncology crown only because Mercks Keytruda grew faster. In the first half of 2020 sales of Revlimid were $5.8 billion, up 9.2 percent compared with the medicines first-half 2019 amount while still under the Celgene umbrella. The multiple myeloma drug Pomalyst generated sales of more than $2.16 billion in 2019 the numbers are a bit unclear due to the timing of the Celgene acquisition and brought in another $1.46 billion in the first half of 2020, up 24 percent compared with the drugs first-half 2019 performance at Celgene. Revlimid is indicated in combination with dexamethasone for the treatment of patients with multiple myeloma and as a single agent as a maintenance therapy in patients with multiple myeloma following autologous hematopoietic stem cell transplant. Pomalyst is indicated for patients with multiple myeloma who have received at least two prior therapies including lenalidomide and a proteasome inhibitor and have demonstrated disease progression on or within 60 days of completion of the last therapy.

In May, FDA approved Pomalyst for patients with AIDS-related Kaposi sarcoma whose disease has become resistant to highly active antiretroviral therapy (HAART), or in patients with Kaposi sarcoma who are HIV-negative. Pomalyst was granted accelerated approval, Breakthrough Therapy designation and Orphan Drug designation in these indications based on overall response rates observed in a Phase I/II open label, single-arm clinical trial (12-C-0047). Continued approval may be contingent upon verification and description of clinical benefit in a confirmatory trial. Pomalyst is the first new treatment option available for those with Kaposi sarcoma in more than 20 years.

The legacy Celgene oncologic Pomalyst enjoyed sales growth of nearly a quarter in the first half of 2020 and earned a new indication from FDA for AIDS-related Kaposi sarcoma.

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Company of the Year 2020: Bristol-Myers Squibb Patience Rewarded - PharmaLive