MAAT INDEX

CLAIM #69578 · Bristol-Myers Squibb Company (BMY) · 2026Q2 earnings call · Jul 30, 2026 · due Dec 31, 2035

this is roughly a $4 billion market; with improved treatments it could grow significantly, potentially doubling to $8 billion to $10 billion by the mid-2030s.

Adam Lenkowsky · Chief Commercialization Officer

PENDING
graded after results covering Dec 31, 2035 are reported

In context

Adam Lenkowsky (Chief Commercialization Officer): Yes. Admilparant has the potential to play a meaningful role in both IPF and PPF with improved efficacy and tolerability. There is significant unmet need for therapies that slow or halt disease progression while being well tolerated. Gastrointestinal tolerability is a significant challenge with current agents; 50% to 60% of IPF patients stop their medications by 12 months with existing standard of care. Recent launches validate the market and show an opportunity for new, better tolerated treatments to gain significant share. We're already seeing a large second-line add-on and switch market emerge. JASCAYD, for instance, sees over 50% of starts coming after generics. Today this is roughly a $4 billion market; with improved treatments it could grow significantly, potentially doubling to $8 billion to $10 billion by the mid-2030s. We believe admilparant has the potential to be foundational as a first branded option with the versatility to be used in combination.

Verify independently

SEC filings for BMY · Claim quote is verbatim from the 2026Q2 earnings call.