Bristol Myers Wins FDA Approval for Sotyktu for Psoriatic Arthritis
3/7/2026
Impact: 70
Healthcare
Bristol Myers Squibb (NYSE: BMY) received FDA approval for its oral drug Sotyktu to treat adults with active psoriatic arthritis, expanding its use beyond the previously approved indication for moderate-to-severe plaque psoriasis. The approval was based on Phase 3 trial results showing that 54% of patients on Sotyktu achieved an ACR20 response by Week 16, compared to 34% and 39% in placebo groups. Following the announcement, Bristol Myers shares fell 0.28% to $60.12 in after-hours trading.
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