Bristol Myers faces renewed, $6.7 bln lawsuit over delayed cancer drug
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Bristol Myers Squibb is facing a $6.7 billion lawsuit for allegedly delaying federal approval of three cancer drugs, impacting former Celgene shareholders. This follows the dismissal of a previous version of the case.
November 15, 2024 | 12:00 am
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Bristol Myers Squibb is facing a $6.7 billion lawsuit for allegedly delaying drug approvals, which could impact its legal standing and financials.
The lawsuit could lead to financial liabilities and affect investor sentiment negatively. Legal challenges often create uncertainty, which can pressure stock prices.
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