Why Bristol-Myers Squibb Co. (BMY) Went Up On Friday?

insidermonkey
2025.03.29 02:36
portai
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Bristol-Myers Squibb Co. (BMY) saw its share price rise by 1.90% to $60.02 on Friday, following positive news from the European regulatory committee regarding its cancer treatment Opdivo. The Committee for Medicinal Products for Human Use recommended approval for Opdivo for adult solid tumors, with a decision from the European Commission expected by June 2, 2025. Additionally, BMY announced plans to acquire 2seventy Bio for $286 million, with the transaction anticipated to close in the second quarter, pending regulatory conditions.