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Biotech Stocks Facing FDA Decision In June 2024

Bristol Myers Squibb
Bristol Myers Squibb

Bristol Myers Squibb (BMY) has sought FDA approval for the expanded use of Krazati and a decision is due on June 21, 2024.

Krazati in combination with Cetuximab is proposed for the treatment of patients with previously treated KRASG12C-mutated locally advanced or metastatic colorectal cancer.

The initial FDA approval for Krazati was granted in December 2022, in the indication of KRAS G12C-mutated locally advanced or metastatic non-small cell lung cancer, under accelerated approval pathway.

Krazati came under Bristol Myers’ fold following the acquisition of Mirati Therapeutics in October 2023.

The drug brought home sales of $21 million for Bristol Myers in the first quarter of 2024.

BMY closed Wednesday’s trading at $40.25, down 0.59%.