Hot biotech stocks to watch right now as cancer treatments make headlines in 2021.: Just one day after Merck’s (NYSE:MRK) blockbuster FDA approval news, Bristol-Myers Squibb (NYSE:BMY) added more fuel to the fire. Cancer treatments have remained a hotbed for biotech companies. Now the R&D from years past seems to have begun paying off. Wednesday morning Bristol-Myers reported its second-quarter earnings. After dissecting the data, there are several significant things to take away from these results. First, the biotech company is back to growth. The company reported an increase of 16% year-over-year in quarterly revenue with $11.7 billion.