Bristol-Myers Squibb Company (BMY) Announces New Clinical Trial for Breast Cancer Drug Iza-bren

By Faheem Tahir | July 09, 2025, 10:13 AM

Bristol-Myers Squibb Company (NYSE:BMY) is one of the 10 Best Cheap Stocks to Buy According to Billionaire Ray Dalio. Bridgewater Associates holds over $142 million worth of shares of BMY, which represents 0.66% of its portfolio.

Bristol-Myers Squibb Company (BMY) Announces New Clinical Trial for Breast Cancer Drug Iza-bren
A healthcare specialist in the laboratory testing an Oncology-related product.

On June 25, 2025, Bristol-Myers Squibb Company (NYSE:BMY) announced a new update regarding its plans for breast cancer treatments. Under this new development, the company announced a new clinical trial for its experimental breast cancer drug, Iza-bren. The drug, which is considered an alternative to physician-selected chemotherapy options, targets patients with advanced breast cancer who are not suited for standard immunotherapies. The clinical trial for the drug is set to begin on July 15, 2025.

With this development, the company highlights its ongoing commitment to bringing innovation in cancer treatments. Given the competitiveness of the oncology market and Bristol-Myers Squibb Company’s (NYSE:BMY) ongoing progress in the field of breast cancer therapies, investors should expect a positive impact on the company’s long-term growth potential.

Bristol-Myers Squibb Company (NYSE:BMY), a global biopharmaceutical company, is focused on oncology, cardiovascular, and immunology treatments. It is among the list of cheap stocks to buy.

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