Bristol Myers CEO says India to have largest R&D presence outside US by 2025

Bristol Myers Squibb

Bristol Myers CEO says India to have largest R&D presence outside US by 2025

HYDERABAD, Feb 27 (Reuters) – U.S. drugmaker Bristol Myers Squibb (BMY.N) aims to expand its research and development presence in India and expects its newly inaugurated Hyderabad facility to become its largest unit outside the U.S. by 2025, CEO Christopher Boerner said on Tuesday.
 
The $100-million facility, inaugurated by Boerner on Monday, is expected to employ over 1,500 employees and will be used to enhance its drug development through the use of digital technologies and artificial intelligence, he said in his keynote speech at the BioAsia conference.
 
Bristol Myers also operates a research and development centre in Bengaluru in partnership with the Biocon Group’s (BION.NS), opens new tab Syngene International.
 
The India unit is participating in 17 clinical trials for testing new therapies for cancer, blood disorders and heart diseases among others, the cancer-focused drugmaker told Reuters.
 
Bristol Myers is yet to launch its cancer cell therapies Abecma and Breyanzi in the country, but its other cancer drugs such as nivolumab and ipilimumab are sold under the brand names Opdyta and Yervoi.
 
When asked about Bristol Myers’s plans to launch or seek approval for its cell therapies in India, a spokesperson said that the company could not comment on its discussions with regulatory bodies.
 
The company is also developing next-generation cell therapies for autoimmune diseases such as multiple sclerosis and plans to use AI technologies to accelerate the development, Boerner said, adding that it plans to make these more widely available, including in markets such as India.