Bristol Myers Squibb

CAR-T cell therapies, cancer and immunology drugs

USpublic~32,500 staffest. 1887bms.com (opens bms.com)Checked 11 Oct

The brief

Analyst view
  • Sells two approved CAR-T therapies for blood cancers, Breyanzi and Abecma, both gained with its 2019 purchase of Celgene (which owned Juno).
  • Zola-cel kept 94% of evaluable early autoimmune patients off long-term immune drugs; new enrollment paused late Aug 2026.
  • Bought Orbital Therapeutics for $1.5B in Oct 2025 to make CAR-T cells inside the body instead of in a lab.

Technical approach

As reported
Proven CAR

Reuse a cancer-tested CAR design

Zola-cel uses the same CD19-targeting receptor as Breyanzi, already approved for lymphoma, so the targeting part is well understood.

Manufacturing

Five-day NEX-T production

The NEX-T process grows the modified T cells in about five days, aiming for fitter, less exhausted cells and a faster turnaround.

Immune reset

Wipe out B cells, let them regrow

In autoimmune disease the CAR-T clears out antibody-making B cells; new ones that grow back appear to lose the faulty self-attack.

In vivo

Next: CAR-T made inside the body

Orbital's OTX-201 uses circular RNA in fat particles to turn a patient's own T cells into CAR-T cells, with no cell factory.

Primer