FDA delay takes bite out of Bristol Myers first mover advantage
A 2% share price drop followed Bristol Myers Squibb’s (NYSE: BMY) announcement on Friday that the US regulator is not yet ready to deliver a verdict on its submission for mavacamten.
The US Foo and Drug Administration has been reviewing data on the investigational drug, a first-in-class cardiac myosin inhibitor, as an option for people with symptomatic obstructive hypertrophic cardiomyopathy (oHCM).
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