Bristol Myers Seeks to Diversify Trials With $300 Million Pledge

Bristol Myers Squibb Co. will train hundreds of racially and ethnically diverse clinical investigators and set up trial sites in under-served communities as a part of a multimillion-dollar push to improve the way it serves minorities.

The combined $300 million in commitments are part of a broad five-year effort to expand its diversity and inclusion efforts announced on Wednesday by the pharmaceutical company and its foundation. A primary focus will be improving diversity in clinical-trial participation, Chief Executive Officer Giovanni Caforio said in an interview.