Pharma Q3 Results Preview: Merck Vs. Bristol In IO Showdown
• By Emily Hayes
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With Merck and Bristol-Myers Squibb at the head of the immuno-oncology class – and jockeying for the lead – the two companies are reporting third quarter earnings in back-to-back calls on Oct. 25. Oncology has become dominant for both businesses, and analysts are keen for nuances to help differentiate the growth potential for the two firms.
Bristol-Myers Squibb Co. set the pace for the entire checkpoint immunotherapy space with the launch of the CTLA-4 inhibitor Yervoy (ipilimumab) in 2011 and the PD-1 inhibitor Opdivo (nivolumab) in 2014 and ruled the roost for a long time.
But Opdivo’s failure in first-line non-small cell lung cancer (NSCLC) was a huge setback and allowed Merck & Co....
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