Bristol Myers Squibb Getting Close To Lung Cancer Approval For Nivolumab

These developments are encouraging for Bristol-Myers Squibb, which earlier had fast tracked clinical trials of nivolumab due to successful results. Merck has already launched a similar drug this year and has first-mover advantage in the market. However, we believe that the market is big enough to accommodate more players, considering that the price for the drug is going to be high.