The FDA has accepted for review Bristol-Myers Squibb Co's BMY marketing application for mavacamten for symptomatic obstructive hypertrophic cardiomyopathy.
- The FDA has assigned a goal date of January 28, 2022.
- Hypertrophic cardiomyopathy is a disease in which the heart muscle becomes abnormally thick, making it harder for the heart to pump blood.
- Mavacamten is an allosteric modulator of cardiac myosin that reduces cardiac muscle contractility by inhibiting excessive myosin-actin cross-bridge formation.
- Price Action: BMY shares are up 0.5% at $62.63 in premarket trading on the last check Friday.
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