Merck and Bristol Post Strong Data, Reaffirming Immuno Oncology’s Potential and Merck’s Leadership
At the annual meeting of the American Association for Cancer Research (AACR), clinical data is emerging that is reinforcing Merck’s leading position in the largest immuno-oncology area of first-line non-small cell lung cancer (NSCLC), but we don’t expect any major changes to our fair value estimates based on the data and continue to view key immuno-oncology players Merck, Bristol, and Roche as undervalued. Additionally, the impressive clinical data at AACR from both Bristol and Merck in the unme...Bristol-Myers Squibb is engaged in the discovery, development, licensing, manufacturing, marketing, distribution and sale of biopharmaceutical products. The company's products are sold worldwide, primarily to wholesalers, specialty distributors, retail pharmacies, hospitals, government entities and the medical profession. The company manufactures products in the United States and Puerto Rico and has manufacturing operations in two foreign countries. The company has products in the following therapeutic classes: hematology, oncology, cardiovascular and immunology. The company's pharmaceutical products include chemically-synthesized or small molecule drugs and products produced from biological processes, called biologics.
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