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EARLY MOVERS - Loxo Oncology shares skyrocket on news of Eli Lilly acquisition; DXC Technology to buy Luxoft Holding
Also in the frame in pre-market is electric car titan Tesla and media group CBS Corp
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NYSE:BMY
Bristol-Myers Squibb Co is a global biopharmaceutical company whose mission is to discover, develop and deliver innovative medicines that help patients prevail over serious diseases.
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Also in the frame in pre-market is electric car titan Tesla and media group CBS Corp
The tie-up underlines how the largest pharmaceutical companies are eager to embark on the acquisition trail to boost pipelines
The small-cap broker’s analysts noted that Bristol-Myers Squibb has agreed to acquire Celgene for US$74bn, with the combined entity to have six expected near-term product launches
Airline stocks decline after Delta lowered its outlook for revenue growth
The study was evaluating Mirati’s therapy sitravatinib in combination with Bristol-Myers Squibb’s groundbreaking drug Opdivo as a method for treating non-small cell lung cancer
The EU is also requesting more information on overall survival rates for patients in the study
The biotech was founded by an investment group led by scientists and driven by a no-nonsense CEO whose stake is more than just business as usual
New trials will evaluate the safety and tolerability of Compugen’s COM701 in combination with Bristol-Myers' immune checkpoint inhibitor Opdivo in patients with advanced cancerous tumors
Also in focus before the New York bell is taxi app titan Uber and Hurricane Michael
Also in focus in US pre-market trade was Teva Pharmaceutical Industries Ltd and Deere & Company
Drug giant raised its full-year guidance to a range of US$4.22 and US$4.30 a share compared with US$4.16 to US$4.28 a share expected last quarter
The drugmaker raised its full-year forecast to between US$3.55 and US$3.65 per share, taking up the top and bottom end of its previous forecast by US$0.20 per share
CarMax Inc and PayPal Holdings Inc are also stocks trending ahead of the Wall Street start..
The medical-device company received approval to market its CorPath GRX system in Japan
The study's results suggest Opdivo extends progression free survival in certain lung cancer patients when taken in combination with chemo and a drug called Yervoy
The biotech's preliminary data evaluates its lead drug candidate JTX-2011
The drug giant reported earnings of $0.94 per share on revenue of US$5.2bn. The consensus estimate from analysts was US$0.85 per share on revenue of US$5.2bn
Wall Street shares closed Tuesday higher; The Dow Jones added over 213 points
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US stocks advanced as traders remain bullish about the corporate earnings season
New York pharma giant is also working with Harvard researchers to develop fibrotic disease treatments