Bristol Sinks On Lung Cancer Data; Merck Up On 2 Trials

By | May 29, 2015

Scalper1 News

Big pharmas Merck (MRK) and Bristol-Myers Squibb (BMY) released new data on their hot new immunotherapy cancer drugs Friday afternoon, but the results sent their stocks in opposite directions. Bristol’s stock dropped 6.6% after the release of two late-breaker abstracts on studies of its drug Opdivo, a PD-1 inhibitor, for the American Society of Clinical Oncology (ASCO) meeting that opened Friday and will continue through the weekend. The study Scalper1 News

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