MAAT INDEX

CLAIM #11997 · Bristol-Myers Squibb Company (BMY) · 2024Q3 earnings call · Oct 31, 2024 · due Dec 31, 2027

This is because at this time, based on review of event rates, we are seeing a lower rate of strokes and systemic embolism than originally anticipated, and the increased enrollment supports maintaining the planned data readout in 2027.

Chris Boerner · CEO

PENDING
graded after results covering Dec 31, 2027 are reported

How to check this claim

Look at: Milvexian atrial fibrillation Phase 3 trial data readout occurrence

It came true if: Data readout (topline results) publicly disclosed by BMY/J&J during calendar year 2027

Where: Company press releases, clinicaltrials.gov trial status, or BMY quarterly earnings calls/SEC filings

In context

dvantage. We are advancing our mission to serve patients with first or best-in-class treatments across our therapeutic areas. This includes driving leadership in hematology, cardiology and oncology therapeutic areas with products like Reblozyl, Breyanzi, Camzyos and Opdualag. At the same time, we're strengthening our innovative pipeline by prioritizing key programs. 1 asset that continues to advance well as Milvexian. We continue to see considerable unmet need across indications, in particular, AF as well as a large commercial opportunity. Today, we want to share an encouraging update related to our atrial fibrillation Phase 3 trial, which continues to recruit very well. As you'll soon see on clinicaltrials.gov we and our partner, J&J, have approved an increase in patient enrollment side. This is because at this time, based on review of event rates, we are seeing a lower rate of strokes and systemic embolism than originally anticipated, and the increased enrollment supports maintaining the planned data readout in 2027. As a reminder, as described in our published study design paper, we indicated that the sample size may be adjusted based on review of event rates. We remain confident in the design and progress of the program. Beyond Milvexian, we continue to advance other programs where we have a right to win. This includes our CD19 NEX-T cell therapy, our radiopharmaceutical and protein degradation platforms as well as additional indications for Cobenfy. Our second priority is driving operational excellence. We are reviewing overall spending and prioritizing investments that will deliver the best long-term returns. We remain on track to deliver $1.5 billion in savings by the end of 2025. And -- these savings will be reinvested into high ROI opportunities that serve patients' needs and accelerate growth.

Verify independently

SEC filings for BMY · Claim quote is verbatim from the 2024Q3 earnings call.