Bristol-Myers Squibb Company ((BMY)) announced an update on their ongoing clinical study.
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Study Overview: Bristol-Myers Squibb is conducting a study titled Sotyktu (Deucravacitinib) Post-Marketing Surveillance in Korean Patients With Moderate-to-Severe Plaque Psoriasis. The study aims to evaluate the real-world safety and effectiveness of deucravacitinib in patients with moderate-to-severe plaque psoriasis in Korea, highlighting its significance in offering insights into the drug’s performance outside of controlled clinical settings.
Intervention/Treatment: The study focuses on the drug Deucravacitinib, which is being tested for its safety and effectiveness in treating moderate-to-severe plaque psoriasis. The drug is intended to provide relief and manage symptoms for patients suffering from this chronic skin condition.
Study Design: This observational study follows a cohort model with a prospective time perspective. It does not involve random allocation or masking, as it aims to observe the outcomes of patients already receiving the treatment in a real-world setting.
Study Timeline: The study began on February 3, 2024, with the latest update submitted on November 5, 2024. These dates are crucial as they mark the progression and ongoing nature of the study, indicating that it is still in the recruitment phase.
Market Implications: The ongoing study could influence Bristol-Myers Squibb’s stock performance by potentially validating the effectiveness of Deucravacitinib, thereby boosting investor confidence. In the competitive landscape of psoriasis treatments, positive results could enhance the company’s market position against rivals.
The study is currently recruiting, with further details available on the ClinicalTrials portal.