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1 NOT FOR PRODUCT PROMOTIONAL USE AACR 2018 Investor Meeting April 16, 2018

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Page 1: AACR 2018 Investor Meeting - s21.q4cdn.com · In addition, any forward-looking statements represent our estimates only as of the date hereof and should not be relied upon as representing

1NOT FOR PRODUCT PROMOTIONAL USE

AACR 2018Investor Meeting

April 16, 2018

Page 2: AACR 2018 Investor Meeting - s21.q4cdn.com · In addition, any forward-looking statements represent our estimates only as of the date hereof and should not be relied upon as representing

2NOT FOR PRODUCT PROMOTIONAL USE

2NOT FOR PRODUCT PROMOTIONAL USE

Forward-Looking InformationThis presentation contains statements about the Company’s future plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated as a result of various important factors, including those discussed in the company’s most recent annual report on Form 10-K and reports on Form 10-Q and Form 8-K. These documents are available from the SEC, the Bristol-Myers Squibb website or from Bristol-Myers Squibb Investor Relations.

In addition, any forward-looking statements represent our estimates only as of the date hereof and should not be relied upon as representing our estimates as of any subsequent date. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, even if our estimates change.

Page 3: AACR 2018 Investor Meeting - s21.q4cdn.com · In addition, any forward-looking statements represent our estimates only as of the date hereof and should not be relied upon as representing

3NOT FOR PRODUCT PROMOTIONAL USE

Tom Lynch

Chief Scientific Officer

Page 4: AACR 2018 Investor Meeting - s21.q4cdn.com · In addition, any forward-looking statements represent our estimates only as of the date hereof and should not be relied upon as representing

4NOT FOR PRODUCT PROMOTIONAL USE

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• CM-227: Important result in 1L NSCLC– Highly statistically significant and clinically meaningful– Benefit independent of PD-L1 status and histology

• Data supports TMB as a potential important new biomarker – Significant advance in the understanding of tumor biology– Demonstrates strength of translational research capabilities– Supports continued patient segmentation

• Third tumor with benefit demonstrated for Opdivo+Yervoy in randomized trial– Clear contribution of parts from combination over monotherapy– Offers potential for chemo-sparing regimen

AACR 2018 – Continued Progress in 1L NSCLC

Page 5: AACR 2018 Investor Meeting - s21.q4cdn.com · In addition, any forward-looking statements represent our estimates only as of the date hereof and should not be relied upon as representing

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• PFS HR of 0.58 and p = 0.0002 using a chemo-sparing regimen– Consistent benefit across key subgroups

• Benefit being driven by deep and durable responses– 1 year DoR close to 70% compared to 25% on chemotherapy

– 1 year PFS rate for Opdivo/Yervoy > 3x chemotherapy

• Preliminary analysis of OS is encouraging in >10mut/mb

• Opdivo and low dose Yervoy safety consistent with previous trials

CM-227: Clinically Meaningful Result

Data supports the potential importance of assessing TMB status

Page 6: AACR 2018 Investor Meeting - s21.q4cdn.com · In addition, any forward-looking statements represent our estimates only as of the date hereof and should not be relied upon as representing

6NOT FOR PRODUCT PROMOTIONAL USE

Fouad Namouni

Head of Oncology Development

Page 7: AACR 2018 Investor Meeting - s21.q4cdn.com · In addition, any forward-looking statements represent our estimates only as of the date hereof and should not be relied upon as representing

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Rationale for Evaluating Opdivo/Yervoy in Patients with High TMB

Complementary MOAs

Tumor cellswith high TMB…

may express neo-antigens…

that could make them more visible to the immune system

Hypothesized TMB Mechanism

TMB identifies different and independent populations from PD-L1

Enables T-cells to recognize and

attack tumor cells

Helps stimulateT-cells and depletes

T-regs

Increased number of T-effector cellsat the tumor and improved ability to

recognize/attack the tumor

PD-1 CTLA-4

Page 8: AACR 2018 Investor Meeting - s21.q4cdn.com · In addition, any forward-looking statements represent our estimates only as of the date hereof and should not be relied upon as representing

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8NOT FOR PRODUCT PROMOTIONAL USE

Co-primary Endpoint: PFS with Nivolumab + Ipilimumab vs Chemotherapy in Patients with High TMB (≥10 mut/Mb) per BICR

8

N+I(n = 139)

Chemo(n = 160)

Median PFS,b mo 7.2 5.4HRc

97.5% CI0.58

0.41, 0.81P = 0.0002

Months

0

20

40

60

80

100

0 6 12 183 9 15 21 24

PFS

(%)

Chemo

N+I1-yr PFS = 43%

1-yr PFS = 13%

aIn patients with TMB <10 mut/Mb treated with nivo + ipi vs chemo, the HR was 1.07 (95% CI: 0.84, 1.35); b95% CI: nivo + ipi (5.5, 13.2 mo), chemo (4.4, 5.8 mo); c95% CI: 0.43, 0.77 mo

Patients with TMB ≥10 mut/Mba

Page 9: AACR 2018 Investor Meeting - s21.q4cdn.com · In addition, any forward-looking statements represent our estimates only as of the date hereof and should not be relied upon as representing

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Improved ORR with More Durable Responses9

DOR (TMB ≥10 mut/Mb)

Months

Chemo

N+I

Patie

nts

in re

spon

se (%

)

aORR in patients with TMB <10 mut/Mb was 24.6% in nivo + ipi arm and 25.9% in chemo arm

≥1-yr DOR = 68%

≥1-yr DOR = 25%

N+I(n = 63)

Chemo(n = 43)

Median DOR, mo(95% CI)

NR (12.2, NR)

5.4 (4.2, 6.9)

0

20

40

60

80

0 6 12 183 9 15 21

41.7

26.3

3.6

0.6

0

10

20

30

40

50

Nivo + Ipi Chemo

OR

R (%

)

63/139n/N: 43/160

45.3

26.9

CRPR

Nivo + ipi Chemo

ORR (TMB ≥10 mut/Mb)a

100

Page 10: AACR 2018 Investor Meeting - s21.q4cdn.com · In addition, any forward-looking statements represent our estimates only as of the date hereof and should not be relied upon as representing

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−80%

Greater Depth of Response with Opdivo/YervoyNivolumab + Ipilimumaba Chemotherapya

Chan

ge in

tum

or s

ize

(%)b

75

50

25

0

−25

−50

−75

−100

75

50

25

0

−25

−50

−75

−100

*** ** ** ** ***** ************************************

*************

* * ** **** ** **** *** ** *** * ***** ** ***********

Horizontal line indicates 30% reduction consistent with a RECIST 1.1 response; Asterisk (*): Responder per RECIST1.1 criteria, confirmation of response requiredaWaterfall plots show patients with baseline and at least one on-treatment tumor assessment per BICR treated with nivolumab + ipilimumab (n = 119) or chemotherapy (n = 146). Percentages of deep response were calculated based on all randomized patients with baseline TMB ≥10 mut/Mb; bNegative/positive value means maximum tumor reduction /minimum tumor increase

−50%

−80%

−50%

35%9%

12%<1%

Page 11: AACR 2018 Investor Meeting - s21.q4cdn.com · In addition, any forward-looking statements represent our estimates only as of the date hereof and should not be relied upon as representing

11NOT FOR PRODUCT PROMOTIONAL USE

Benefits Observed Regardless of PD-L1 Status and Histology

SubgroupNivo + ipi Chemo Unstratified HR (95% CI)

n nOverall 139 160 0.58 (0.43, 0.77)<65 years 73 83 0.51 (0.34, 0.77)≥65 years 66 77 0.62 (0.40, 0.97)≥75 years 13 14 0.42 (0.14, 1.30)Male 98 106 0.52 (0.36, 0.74)Female 41 54 0.70 (0.41, 1.20)North America 14 16 0.46 (0.17, 1.30)Europe 77 87 0.53 (0.36, 0.79)Asia 21 32 0.34 (0.15, 0.75)Rest of world 27 25 1.20 (0.61, 2.36)ECOG PS 0 56 49 0.62 (0.38, 1.02)ECOG PS 1 82 110 0.55 (0.38, 0.80)Squamous 44 56 0.63 (0.39, 1.04)Non-squamous 95 104 0.55 (0.38, 0.80)PD-L1 <1% 38 48 0.48 (0.27, 0.85)PD-L1 ≥1% 101 112 0.62 (0.44, 0.88)

0 .2 5 1 20 .5ChemoNivo + ipi

Page 12: AACR 2018 Investor Meeting - s21.q4cdn.com · In addition, any forward-looking statements represent our estimates only as of the date hereof and should not be relied upon as representing

1212NOT FOR PRODUCT PROMOTIONAL USE

PFS: Nivolumab + Ipilimumab vs Nivolumab in Patients with High TMB (≥10 mut/Mb) and ≥1% PD-L1 Expression

12

N+I(n = 101)

Nivo(n = 102)

HR (95% CI) 0.75 (0.53, 1.07)

Months

1-yr PFS = 42%

1-yr PFS = 29%

PFS

(%)

Nivo

N+I

0

20

40

60

80

100

0 6 12 183 9 15 21 24

1-yr PFS = 16%Chemo

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Preliminary OS is EncouragingN+Ia

(n = 139)Chemo

(n = 160)Median OS,b mo 23.0 16.4HR 95% CI

0.79 0.56, 1.10

Months

OS

(%)

Patients with TMB ≥10 mut/Mb

0

20

40

60

80

100

0 6 12 183 9 15 21 24 27 30No. at riskNivo + ipi 139 120 112 98 90 71 44 16 5

Chemo 160 148 129 104 90 75 45 23 901

00

Database lock: March 15, 2018; minimum follow-up: 14.2 months; 53% of patients were censored

ChemoN+I

1-yr OS = 67%

1-yr OS = 58%

Page 14: AACR 2018 Investor Meeting - s21.q4cdn.com · In addition, any forward-looking statements represent our estimates only as of the date hereof and should not be relied upon as representing

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1-y OS = 70%

1-y OS = 61%

Months

OS

(%)

Preliminary OS in Non-Squamous Patients With High TMB 14

a95% CI: nivo + ipi (19.4 mo, NR), chemo (12.7 mo, NR); b95% CI: nivo + ipi (6.8 mo, NR), chemo (8.5, 18.6 mo)

1.00.90.80.70.60.50.40.30.20.10.0

0 3 6 9 12 15 18 21 24 27

Chemo

N+I

N+Ia

(n = 95)Chemo

(n = 104)Median OS,b mo NR 22.3HR 95% CI

0.75 0.45, 1.2

Patients with TMB ≥10 mut/Mb

Page 15: AACR 2018 Investor Meeting - s21.q4cdn.com · In addition, any forward-looking statements represent our estimates only as of the date hereof and should not be relied upon as representing

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Safety Summary of Treatment-Related AEs15

TRAE, %Nivolumab + ipilimumab

(n = 576)Chemotherapy

(n = 570)Any grade Grade 3–4 Any grade Grade 3–4

Any TRAE 75 31 81 36TRAE leading to discontinuation 17 12 9 5Most frequent TRAEs (≥15%)RashDiarrheaFatigueDecreased appetiteNauseaConstipationAnemiaNeutropenia

171613131044

<1

221

<1<1020

510181936153217

01112

<1119

Treatment-related deaths 1 1

• Median duration (range) of therapy was 4.2 months (0.03–24.0+) with nivolumab + ipilimumab and 2.6 months(0.03–22.1+) with chemotherapy

• Median number of doses of nivolumab (Q2W) and ipilimumab (Q6W) received were 9 and 3, respectively

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Treatment-Related Select AEs in Patients Treated With Nivolumab + Ipilimumaba,b

16

0

5

10

15

20

25

30

35

40

Skin Endocrine Gastrointestinal Hepatic Pulmonary Renal Hypersensitivity

Patie

nts

with

an

even

t (%

) 34

4

23

4

18

2

15

8 8

3 41

40

GradeAny 3/4

Nivo + ipi (n = 576)

a Select AEs are those with potential immunologic etiology that require frequent monitoring/intervention; b Includes events reported between first dose and 30 daysafter last dose of study drug

Page 17: AACR 2018 Investor Meeting - s21.q4cdn.com · In addition, any forward-looking statements represent our estimates only as of the date hereof and should not be relied upon as representing

17NOT FOR PRODUCT PROMOTIONAL USE

Page 18: AACR 2018 Investor Meeting - s21.q4cdn.com · In addition, any forward-looking statements represent our estimates only as of the date hereof and should not be relied upon as representing

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Tom Lynch

Chief Scientific Officer

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AACR Summary• Significant innovation and advancing the science in NSCLC

• TMB may help physicians, payors, and patients guide optimal treatment

• Increasing market segmentation and potential role for Opdivo and low-dose Yervoy as a chemo-sparing regimen in a selected patient population

• Reinforces need for new biomarkers, ongoing translational work, and continued development of combination therapies

Page 20: AACR 2018 Investor Meeting - s21.q4cdn.com · In addition, any forward-looking statements represent our estimates only as of the date hereof and should not be relied upon as representing

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• Multiple data readouts upcoming from Opdivo including:Lung RCC HCC Gastric SCLC SCCHN

• Broaden use of Opdivo in earlier lines of therapy and new tumors

• Advancing next wave of Opdivo-based combination therapies

• Leveraging Translational Capabilities, Biomarkers, and Cancer Biology

Significant Opportunities to Address Unmet Need

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AACR 2018Investor Meeting

April 16, 2018

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2323NOT FOR PRODUCT PROMOTIONAL USE

CM-568: Rationale for ≥10mut/mb Cutpoint with FoundationOne CDx

ROC for TMB by ORR irrespectiveof tumor PD-L1 expression (n=98)

0.00

0.25

0.50

0.75

0.00 0.25 0.50 0.75 1.00

1.00

1. Carbone DP, et al. N Engl J Med 2017:376;2415–2426.2. Ramalingam S, et al. Presented at AACR Annual Meeting; April 14–18, 2018; Chicago, IL, USA. CT078.3. Hellmann MD, et al. Cancer Cell (accepted) 2018.

9-10 mut/Mb

0

10

20

30

40

50

OR

R (%

)

n/N

TMB (mut/Mb)< 5b

2/23

9

≥ 5 to < 10c

4/27

15

≥ 10d

21/48

44

≥ 15e

11/28

39

ORR by TMBa

aIrrespective of PD-L1 expression; bCR = 0; cCR = 4%; dCR = 8%; eCR = 7%12% ORR for <10 mut/Mb; 50% ORR for ≥10 to <15 mut/Mb

True

-pos

itive

frac

tion

False-positive fraction

Page 24: AACR 2018 Investor Meeting - s21.q4cdn.com · In addition, any forward-looking statements represent our estimates only as of the date hereof and should not be relied upon as representing

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PFS in Patients With High TMB (≥10 mut/Mb) by Tumor Histology

24

Non-squamous

1-yr PFS = 46%

1-yr PFS = 17%

N+I(n = 95)

Chemo(n = 104)

Median PFS, mo(95% CI)

9.5(5.6, NR)

5.6(4.5, 7.0)

HR (95% CI) 0.55 (0.38, 0.80)

Chemo

N+I

Months

PFS

(%)

0

20

40

60

80

100

0 6 12 183 9 15 2421

Squamous

Months

1-yr PFS = 36%

1-yr PFS = 7%

N+I(n = 44)

Chemo(n = 56)

Median PFS, mo(95% CI)

4.9(2.7, 13.7)

4.3(3.2, 5.6)

HR (95% CI) 0.63 (0.39, 1.04)

Chemo

N+I

0

20

40

60

80

100

0 6 12 183 9 15 2421