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Bristol-Myers Squibb (BMY) Reports Positive Data from 2-Year Phase III Trials of ORENCIA for Treatment of Rheumatoid Arthritis

November 9, 2006 11:23 AM EST
BMY Hot Sheet
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    NEUTRAL (= Flat)

Dividend Yield: 4%
EPS Growth %: +10.3%
Bristol-Myers Squibb Company (NYSE: BMY) announced that two-year data from three Phase III pivotal trials demonstrate the long-term efficacy of ORENCIA in adult patients with moderate to severe rheumatoid arthritis (RA) who have had an inadequate response to one or more disease-modifying anti-rheumatic drugs (DMARDs) such as methotrexate and TNF antagonists.

The data also demonstrate that ORENCIA provided clinically meaningful improvements in multiple aspects of health-related quality of life and physical function, sustained improvements in pain and had a consistent safety and tolerability profile through two years of treatment. These data will be presented at the upcoming 2006 American College of Rheumatology (ACR) Annual Scientific Meeting.

ORENCIA is indicated for reducing signs and symptoms, inducing major clinical response, slowing the progression of structural damage, and improving physical function in adults with moderately to severely active rheumatoid arthritis who have had an inadequate response to one or more DMARDs, such as methotrexate or TNF antagonists.

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