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BMS-986368

Phase 2

Agitation | Small molecule | Neurology |Bristol-Myers Squibb Company|Last Updated: Jun 2, 2026

Success Probability
Approval Probability 71%
TA Base Rate26%
Adjusted LOA41%
ML RiskLOW_RISK
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Market & Valuation
rNPV $3.2B
Market Size $9.4B
Revenue Basis $1.6B
Competitors 6
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Trial Design
RandomizedDouble-BlindPLACEBO_CONTROLLEDDMCBiomarker
Total Trials1
Total Enrollment120
FDA Designations
No designations recorded
Clinical Trials (1)
NCT IDTitlePhaseStatusEnrollmentVelocityDesignStartCompletionLast UpdatedSitesCountries
NCT06808984Study to Evaluate the Efficacy, Safety, and Tolerability of BMS-986368, for the Treatment of Agitation in Participants With Alzheimer's DiseasePHASE2 RECRUITING 120Jun 9, 2025Jan 7, 2028Jun 2, 202653 United States
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Study Endpoints
Primary Endpoints
Change in Cohen-Mansfield Agitation Inventory (CMAI) total score from baseline
Up to Week 8

The CMAI is a scale administered by qualified rater based on caregiver's input on 29 items that assess the frequency of manifestations of agitated behaviors in older adults. Each item is rated on a 7-point scale: 1 = "never", 2 = "less than once a week", 3 = "once or twice a week", 4 = "several times a week", 5 = "once or twice a day", 6 = "several times a day" and 7 = "several times per hour." Ratings pertain to the period of time over the previous 2 weeks preceding administration of the CMAI. CMAI total scores range from 29 to 203.

Secondary Endpoints
Change in Clinical Global Impression-Severity (CGI-S)
Up to Week 8
Change in CMAI-International Psychogeriatric Association (CMAI-IPA) Total Score
Up to Week 8
CMAI sub-score change in Aggressive Behaviors
Up to Week 8
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Study Design & Arms
AllocationRANDOMIZED
MaskingTRIPLE
ModelPARALLEL
PurposeTREATMENT
Treatment Arms
ArmTypeDescription
BMS-986368 Dose 1EXPERIMENTAL -
BMS-986368 Dose 2EXPERIMENTAL -
PlaceboPLACEBO_COMPARATOR -
Interventions
NameTypeDescription
BMS-986368DRUGSpecified dose on specified days
PlaceboDRUGSpecified dose on specified days
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Eligibility Criteria
Age Range55 Years — 90 Years
SexALL
Healthy VolunteersNo
Study Sites53

Inclusion Criteria * Participants with a diagnosis of Alzheimer's disease with biomarker confirmation meeting the 2024 Revised criteria for diagnosis and staging of AD: Alzheimer's Association Workgroup. * The diagnosis of agitation must meet the International Psychogeriatric Association (IPA) defi...

Countries:United States
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Recent Changes (Last 90 Days)
LOWJun 2, 2026NCT06808984lastUpdatePostDate: changed
LOWJun 2, 2026NCT06808984lastUpdatePostDate: changed
LOWJun 2, 2026NCT06808984lastUpdatePostDate: changed
LOWMay 26, 2026NCT06808984primaryCompletionDate: changed
LOWMay 24, 2026NCT06808984studyFirstPostDate: changed