Quartz42d agobearish
Appeals court revives $6.7B lawsuit against Bristol Myers SquibbA unanimous 3-judge panel ruled that UMB Bank had standing to represent former Celgene shareholders despite a procedural error in its appointment
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Reuters42d agobearish
Lawsuit against Bristol Myers over delayed cancer drug is revivedBy Jonathan Stempel NEW YORK, Aug 13 (Reuters) - A U.S. federal appeals court said a judge erred in dismissing a $6.7 billion lawsuit accusing Bristol Myers Squibb of cheating former Celgene
InvestorsHub50d agobearish
AZN rebounds after report dismisses AstraZeneca-Bristol Myers merger speculationAstraZeneca (NASDAQ:AZN) shares climbed around 6% on Wednesday after Reuters reported that there are “no discussions” between the company and Bristol Myers Squibb (NYSE:BMY) regarding a potential merger, contradicting recent speculation that had unsettled investors. The report eased concerns surrounding a deal that, if completed, would have created a pharmaceutical group valued at close to $400 billion.
GuruFocus.com52d agobearish
AstraZeneca Stock Plunges 7.7% on Reported $400 Billion Merger TalksInvestors questioned whether combining AstraZeneca with Bristol Myers would strengthen growth enough to justify the financial and regulatory risks.
Pharmaceutical Technology52d agobearish
AstraZeneca shares slump after $400bn BMS merger rumoursOne of the largest global pharma companies would be created if a deal were to materialise.
Barrons.com52d agobearish
Bristol Myers Squibb Stock Soars on Report of $400 Billion Merger Talks With AstraZenecaThe merger would be one of the biggest pharma deals ever. AstraZeneca’s market capitalization stood at $264 billion as of Friday’s close, while Bristol Myers Squibb had a total valuation of $133 billion.
The Wall Street Journal52d agobearish
U.S. Stock Futures Rise, Oil Falls as U.S. Shifts Toward Diplomacy with IranU.S. stocks were on track to extend Friday’s rally as President Trump said he had canceled planned strikes on Iran, adding that peace talks would resume Monday afternoon.
The Wall Street Journal52d agobearish
AstraZeneca Shares Drop After Reports of Bristol Myers Squibb Merger TalksIf maintained until close, the decline would be the stock’s biggest one-day percentage fall since the day of the 2024 U.S. presidential election.
Reuters86d agobearish
Exclusive-US House committee opens investigation into Merck, AbbVie China drug trialsJune 30 (Reuters) - A bipartisan group of U. lawmakers has opened national security investigations into whether drugmakers Merck and AbbVie have been involved in clinical trials conducted in China that helped fuel the communist country's military capability, according to letters seen by Reuters.
The Wall Street Journal129d agobearish
Regeneron Stock Tumbles on Melanoma Drug-Trial MissShares of Regeneron Pharmaceuticals are down about 11%, dragging the Nasdaq composite, after the company’s experimental melanoma drug failed a pivotal clinical trial. The company said that its drug fianlimab, when combined with an approved cancer drug, didn't keep patients’ disease from worsening significantly longer than Merck’s Keytruda.
The Wall Street Journal129d agobearish
Regeneron Melanoma Drug Trial Disappoints and Shares SlideShares tumbled after the drugmaker said a late-stage clinical trial of a skin cancer medication fell short of its target.