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Bristol Myers Squibb

Bristol Myers Squibb

Pharmaceutical Company

Appears in 4 stories

Stories

First oral biologic for psoriasis reaches patients, opening new front in autoimmune treatment

New Capabilities

Maker of competing oral psoriasis drug Sotyktu, which ICOTYDE outperformed in head-to-head trials

For two decades, treating moderate-to-severe psoriasis required needles — self-injected drugs or clinic infusions many patients refused or abandoned. On March 18, 2026, the FDA approved ICOTYDE, a once-daily pill that blocks the IL-23 receptor like injectable biologics. In trials of roughly 2,500 patients, about 70 percent achieved clear or almost clear skin at 16 weeks, with side effects within 1.1 percentage points of placebo.

Updated May 30

First TYK2 inhibitor reaches FDA decision for psoriatic arthritis

New Capabilities

Awaiting FDA decision on Sotyktu expansion into psoriatic arthritis

For most of the past decade, people with psoriatic arthritis who wanted a pill had one real choice: Janus kinase (JAK) inhibitors. The FDA slapped those drugs with its strongest safety warning in 2021, after a major trial linked them to higher rates of heart attacks, blood clots, cancer, and death.

Updated May 30

New antipsychotic approvals expand treatment options for schizophrenia and bipolar disorder

New Capabilities

Building real-world evidence for Cobenfy; planning UK launch in 2026

The FDA approved Cobenfy for schizophrenia in September 2024—the first drug to treat the condition through muscarinic receptors rather than dopamine, a different approach than any approved in the previous 50 years. Bysanti (milsaperidone) followed in February 2026, cleared for both schizophrenia and bipolar I disorder. For the roughly 7 million Americans with these conditions, the treatment menu is wider than it was two years ago.

Updated May 29

Takeda’s once–daily psoriasis pill just hit phase 3: a real shot at biologic–level skin clearance

New Capabilities

Incumbent oral TYK2 competitor via Sotyktu; a key benchmark for Takeda

Psoriasis has been an injectable kingdom for years: shots that work great, pills that usually don't. Takeda's once-daily TYK2 pill zasocitinib just cleared Phase 3 topline hurdles—and by the next session investors responded, sending Takeda shares up as much as 4.3% in early Tokyo trading (a seven-month-high intraday jump).

Updated May 15