Bristol Myers Squibb Faces Challenges with Cobenfy Uptake Despite Strong Q3 Performance
Bristol Myers Squibb (BMS) reported a robust third-quarter performance, with total revenue reaching $12.2 billion, surpassing analyst expectations. However, the pharmaceutical giant is grappling with slower-than-anticipated uptake of its newly approved schizophrenia drug, Cobenfy, while investors eagerly await critical trial results for its potential application in Alzheimer's disease psychosis.