13 Best Stocks to Buy for Retirement

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2. Bristol-Myers Squibb Company (NYSE:BMY)

Dividend Yield: 5.25%

Number of Hedge Fund Holders: 67

Bristol-Myers Squibb Company (NYSE:BMY) ranks among the best stocks to buy for retirement. The U.S. Food and Drug Administration awarded Bristol-Myers Squibb Company (NYSE:BMY) and SystImmune a Breakthrough Therapy Designation on August 18 for their experimental medication iza-bren, which is intended to treat advanced EGFR-mutant lung cancer.

The designation is meant for patients with EGFR exon 19 or 21 mutations whose disease has worsened following treatment with EGFR tyrosine kinase inhibitors (TKIs) in addition to platinum-based chemotherapy.

The FDA’s ruling was backed by information gathered from three current clinical trials: two in China run by Biokin and a global study run by SystImmune. These trials provided preliminary data showing enhanced efficacy with a manageable safety profile.

A multinational biopharmaceutical corporation, Bristol-Myers Squibb Company (NYSE:BMY) is engaged in product discovery, research, licensing, manufacturing, marketing, and distribution.

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