The company said it expects the treatment to eventually garner annual sales of more than $4 billion.
The U.S. Food and Drug Administration approved relatlimab from a class known as LAG-3 inhibitors - short for lymphocyte-activation gene 3 - for use in combination with Bristol's blockbuster immunotherapy Opdivo as an initial treatment for advanced melanoma.
Relatlimab, which will be sold under the brand name Opdualag, more than doubled progression-free survival compared with Opdivo alone in clinical trials.
The medicine is Bristol Myers' third approved cancer immunotherapy. Opdivo targets a protein called PD-1. Yervoy, the drugmaker's first such drug, is a CTLA-4 inhibitor.
Relatlimab will only be used in combination with Opdivo, Chief Medical Officer Samit Hirawat said in an interview.
Hirawat said LAG-3 inhibitors like relatlimab can reinvigorate the immune system by restoring the function of "exhausted" T cells, which could improve Opdivo's performance.
"Our hypothesis is that the best applicability of a LAG-3 inhibitor will be in combination with a PD-1 inhibitor" like Opdivo, he said.
The company expects to charge $27,389 for the combination.
Bristol Myers said it expects the combination therapy to generate sales in excess of $4 billion a year by 2029.
Bristol Myers is testing the combination of Opdivo and relatlimab in other tumor types including colorectal, lung and liver cancer.
By Reuters Staff
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