$1.2 Billion Partnership: Key Takeaways

Bristol-Myers Squibb  has been very active in working to establish its leadership in the immuno-oncology arena, with Yervoy's near-blockbuster sales and strong growth last year ($960 million, up 36% year-over-year) a sign of the profits a pharma can derive from this exciting area of cancer treatment. Bristol's next big drug to watch in this area is nivolumab, but Bristol is clearly not interested in putting all of its eggs in one basket.

The company recently signed a deal potentially worth $1.2 billion with CytomX Therapeutics, involving up to four oncology targets using CytomX's Probody platform. In the video below, from Market Checkup, the Motley Fool's health care-focused investing show, health care analysts Michael Douglass and David Williamson discuss the deal and its implications for Bristol's broader oncology pipeline.

Top dividend stocks for the next decade -- Is Bristol one?
The smartest investors know that dividend stocks simply crush their non-dividend paying counterparts over the long term. That's beyond dispute. They also know that a well-constructed dividend portfolio creates wealth steadily, while still allowing you to sleep like a baby. Knowing how valuable such a portfolio might be, our top analysts put together a report on a group of high-yielding stocks that should be in any income investor's portfolio. To see our free report on these stocks, just click here now.

The article $1.2 Billion Partnership: Key Takeaways originally appeared on Fool.com.

David Williamson has no position in any stocks mentioned. Michael Douglass has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2014 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story