FDA Approves Subcutaneous Opdivo, Extending BMS Franchise Life
• The FDA has approved a subcutaneous formulation of Opdivo (nivolumab), named Opdivo Qvantig, providing a new administration option for patients. • This approval is strategically important for Bristol Myers Squibb (BMS) as it aims to maintain revenue streams beyond the expected 2028 loss of exclusivity for intravenous Opdivo. • Opdivo Qvantig offers a more convenient delivery method, potentially improving patient experience and adherence to treatment regimens. • The subcutaneous formulation is expected to face biosimilar competition starting in 2029, similar to the intravenous version, impacting long-term market dynamics.

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US FDA approves subcutaneous Opdivo, ensuring BMS's revenue stream post-2028 exclusivity loss, with biosimilars for the ...