FDA delays Opdivo decision; Axovant ups PhIII Alzheimer's costs to $135M;

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> Bristol-Myers Squibb ($BMY) says that the FDA is postponing its deadline for a marketing decision on Opdivo as a frontline treatment for melanoma. The new PDUFA date is November 27, giving regulators more time to review additional data filed to support the application. Release

> Axovant ($AXON) has upped the ante on its Phase III study of a new Alzheimer's drug obtained from GlaxoSmithKline ($GSK). The new estimate on the Phase III now reaches as high as $135 million, though the biotech still has plenty of cash available from its recent IPO. Axovant's share price has been falling steadily since its debut. Release

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