Acquisition FAQs for Celgene Shareholders
ABRAXIS/ABRAXANE Contingent Value Right (CVR)
Bristol Myers Squibb CVR (“BMS CVR”)
Bristol Myers Squibb Statement on Status of Liso-cel Application and Contingent Value Rights as of January 1, 2021
Bringing liso-cel to patients with 3L+ Large B Cell Lymphoma is a top priority for Bristol Myers Squibb. With the lapsing of the PDUFA date, the application remains under review by the United States Food and Drug Administration (FDA). Since the last update on November 16, 2020, the following has occurred:
- The inspection of the viral vector 3rd party manufacturing plant took place from December 3, 2020 to December 10, 2020
- Lonza and BMS expeditiously responded to observations received at the close of the inspection within 8 days
- BMS received Information Requests which were also rapidly responded to and there are currently no outstanding Information Requests at this time.
We will continue to work closely with the FDA to bring this therapy to patients as quickly as possible.
For CVR holders: Because the milestone of approval of liso-cel by December 31, 2020 was not met, the CVR agreement has automatically terminated in accordance with its terms, the security will no longer trade on the NYSE, and the CVRs are no longer eligible for payment.
FAQs for BMY Shareholders
Frequently asked questions about Bristol Myers Squibb shares.Learn More