Bristol Myers Squibb faces two legal setbacks in a single week

17 August 2026

US pharma major Bristol Myers Squibb (NYSE: BMY) was hit with adverse developments on two separate legal fronts this month, both stemming from its 2019 acquisition of Celgene and its cardiovascular franchise.

On August 13, the US Court of Appeals for the Second Circuit revived a long-running lawsuit brought by UMB Bank, acting as trustee for holders of contingent value rights (CVRs) issued as part of the $74 billion Celgene deal.

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