Bristol Myers Squibb Presents Sotyktu (deucravacitinib) Data Showing Durable Efficacy, Consistent Safety in Adults with Psoriatic Arthritis Over Two Years

Bristol Myers Squibb (BMY) reported that Sotyktu (deucravacitinib) showed durable efficacy and consistent safety over two years in psoriatic arthritis patients. Key metrics like ACR 20/50/70 and MDA improved and were maintained. The FDA approved Sotyktu for this use in March. BMY shares were down 0.35% to $63.38 at the time of publication.

Bristol Myers Squibb (BMY) reported two-year Phase 3 trial results for Sotyktu, showing sustained efficacy and no new safety signals in adults with psoriatic arthritis. ACR20/50/70 response rates were 76.2%, 52.6%, and 34.6% at Week 104 for continuous treatment. The company plans to present full results at upcoming medical conferences.

Bristol-Myers Squibb (BMY) reported positive Phase 3 trial results for Sotyktu in treating psoriatic arthritis. The company offers a 3.95% dividend yield with a 39% payout ratio and a 4.4% 3-year dividend growth rate. BMY's GF Score is 71, indicating strong profitability but modest growth. Insiders and gurus have shown net selling. The stock trades 12.4% above its GF Value of $56.60.

Bristol Myers Squibb (BMY) presented two-year data from the POETYK PsA-2 study, showing continued efficacy and safety of Sotyktu in treating psoriatic arthritis. Key response rates were reported for patients on continuous Sotyktu and those who switched from placebo. The study included 729 patients, with adverse events occurring in 86.6% of participants. Sotyktu was approved earlier this year for this indication.

Bristol-Myers Squibb (BMY) stock has risen 44.4% over the past year. Positive Phase 2 data for arlocabtagene autoleucel in multiple myeloma may influence future cash flows. The company's free cash flow is around $11.5 billion, with projections ranging from $10 billion to $13 billion annually. A discounted cash flow model suggests the stock may be undervalued by 46% at its current price of $63.60, according to Simply Wall St.

Bristol Myers Squibb (BMY) and Ono Pharmaceutical sued Amgen (AMGN) to block its biosimilar version of Opdivo, alleging patent infringement. Opdivo generated $5.9B in U.S. sales last year. Amgen aims to be among the first Opdivo biosimilars, with FDA approval sought.