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Bristol-Myers

Bristol Myers Squibb Co. engages in the discovery, development, licensing, manufacture, marketing, distribution, and sale of biopharmaceutical products. It offers chemically-synthesized drugs or small molecules and products produced from biological processes called biologics. The company was founded in August 1933 and is headquartered in New York, NY.

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Earnings data Q1 2023

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Earnings data Q1 2024

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Bristol-Myers reports robust 2022 performance and outlines growth strategies

Bristol-Myers Squibb delivered strong financial performance in 2022, with revenue growth and key product successes driving sales to $46 billion.
The company's strategic focus on portfolio expansion, market access enhancement, and operational efficiency positions it for continued growth and value creation.
Challenges around market access, legislative impacts, and expense management require strategic attention, while opportunities in product development and market expansion offer avenues for future growth.

Bristol-Myers reports robust Q1 earnings, eyes growth amid challenges

Bristol-Myers' Q1 2023 performance reflects strong sales growth and a focus on innovation, with significant progress in pipeline development and new product launches.
While facing challenges from generic competition and operational issues, the company is well-positioned to capitalize on industry advancements and strategic opportunities for growth.
By reaffirming guidance, emphasizing strategic alignment, and pursuing new therapies, Bristol-Myers demonstrates resilience and a commitment to long-term success in the pharmaceutical market.

Bristol-Myers reports robust Q2 sales and strategic growth initiatives

Bristol-Myers' Q2 performance showcased strong sales driven by new product growth and key product successes like Opdivo and Reblozyl.
While facing challenges with certain products and revenue guidance changes, the company remains confident in its financial commitments and growth outlook.
Opportunities lie in capacity ramp-up for key products, conversion strategies for patient assistance programs, and upcoming R&D insights.
Overall, Bristol-Myers' performance, strengths, and opportunities position the company for continued growth and success in the pharmaceutical market.

Bristol-Myers reports robust Q3 performance, eyes growth opportunities

Bristol-Myers Squibb's Q3 earnings call highlighted strong performance, strategic initiatives for growth, and confidence in future prospects. Despite challenges in product performance and reimbursement, the company is optimistic about market improvements and growth opportunities. Executives are focused on driving sustainable long-term growth and expanding their product portfolio.

Bristol-Myers reports robust Q4 earnings, eyes growth through strategic initiatives

Bristol-Myers' Q4 2023 showcased strong financial performance, strategic advancements, and a focus on growth drivers like Opdivo and new launches.
Despite challenges in negotiations and market dynamics, Bristol-Myers remains poised for growth through its robust product portfolio and business development strategies.
The company's emphasis on innovation, commercial execution, and clinical progress positions Bristol-Myers for sustained growth and market leadership in the pharmaceutical industry.

Bristol-Myers meets Q1 expectations, focuses on growth opportunities

Bristol-Myers Squibb's Q1 performance met expectations with strong sales growth driven by key brands and strategic acquisitions.
Despite challenges in operating expenses and interest costs impacting income, the focus on efficiency and cost savings remains a priority.
The company's strengths lie in robust sales growth of key brands, promising pipeline advancements, and strategic capital allocation plans.
Opportunities in expanding indications, new trials, and market launches position Bristol-Myers for long-term growth and competitive advantage.

Bristol-Myers reports strong Q2 performance, bullish on pipeline growth

Bristol-Myers (BMY) showcased a robust Q2 performance, emphasizing pipeline advancements and strategic capital allocation for growth and returns.
The company is confident in navigating pricing changes and improving access dynamics for key products, while focusing on transformative medicines and operational excellence.
With a positive outlook for the year, Bristol-Myers is poised to leverage opportunities in oncology, pipeline advancements, and expanding indications for key assets.

Bristol-Myers (BMY) reports strong Q3 sales and pipeline progress

Bristol-Myers Squibb (BMY) showcased robust performance with strong sales growth and positive clinical data for pipeline programs.
The company's strategic strengths lie in operational excellence, capital allocation, and commitment to sustainable growth and innovation.
Challenges include market dynamics, competition in heart failure drugs, and translating clinical data into successful drug programs.
Opportunities abound in the growing heart failure drugs market, upcoming trial data readouts, and continued focus on portfolio growth and operational efficiency.

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Bristol Myers Squibb Co. engages in the discovery, development, licensing, manufacture, marketing, distribution, and sale of biopharmaceutical products. It offers small molecules, products produced from biological processes called biologics, and chimeric antigen receptor (CAR-T) cell therapies. The company was founded in August 1933 and is headquartered in Princeton, NJ.

Bristol-Myers has a strong history of investment outperformance during equity bear markets and recessions. The company is uniquely undervalued, with a low 8x P/E and nearly 4% cash dividend yield. After a weak first half of 2023, shares may rebound in price and move in a bullish direction over the rest of the year.

Bristol-Myers Squibb: Top Defensive Pick During Recessions With A Value Proposition

ExScientia Ltd

Schrodinger 

Artificial intelligence is changing the drug-discovery process by making it much faster and cheaper.  Traditionally, most biotech stock drug candidates fail.

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Bristol Myers (BMY) obtains approval in the EU for Opdivo for the adjuvant treatment of adults and adolescents with stage IIB or IIC melanoma who have undergone complete resection.

Bristol Myers' (BMY) Opdivo Gets EC Nod for Label Expansion

PRINCETON, N.J.--(BUSINESS WIRE)---- $BMY--Bristol Myers Squibb (NYSE: BMY) today published its 2022 Environmental, Social, and Governance (ESG) Report, which details the Company's goals, strategies, and performance across its four ESG focus areas including ethics, integrity, and quality; health equity and access to healthcare; global inclusion and diversity; and environmental sustainability. As a leading biopharmaceutical company, Bristol Myers Squibb is committed to discovering, developing, and delive.

Bristol Myers Squibb Shares Progress Toward Its Environmental, Social, and Governance Initiatives and Its Health Equity Commitments

Apellis Pharma

GlaxoSmithKline

Pharmaceutical stocks can bring you from rags to riches — and back to rags again. The truth is the innovative sector can function similarly to a lottery.

3 Sorry Pharma Stocks to Sell in August Before It's Too Late

PRINCETON, N.J.--(BUSINESS WIRE)---- $BMY #BMS--BMS Receives European Commission Approval for Opdivo as an Adjuvant Treatment for Patients with Completely Resected Stage IIB or IIC Melanoma.

Bristol Myers Squibb Receives European Commission Approval for Opdivo (nivolumab) as an Adjuvant Treatment for Patients with Completely Resected Stage IIB or IIC Melanoma

PRINCETON, N.J.--(BUSINESS WIRE)---- $BMY #AFib--Bristol Myers Squibb to Showcase Data Across its Innovative Cardiovascular Portfolio at the European Society of Cardiology Congress 2023.

Bristol Myers Squibb to Showcase Data Across its Innovative Cardiovascular Portfolio at the European Society of Cardiology Congress 2023

Bristol Myers' (BMY) repotrectinib shows durable efficacy benefits in patients with locally advanced or metastatic ROS1-Positive non-small cell lung cancer.

Bristol Myers (BMY) Announces Positive Updated NSCLC Data

PRINCETON, N.J.--(BUSINESS WIRE)---- $BMY #BMS--Updated Data from TRIDENT-1 Trial Show Durable Efficacy Benefits w/ Repotrectinib for Patients with Locally Advanced or Metastatic ROS1-Positive NSCLC.

Updated Data from TRIDENT-1 Trial Show Durable Efficacy Benefits with Repotrectinib for Patients with Locally Advanced or Metastatic ROS1-Positive Non-Small Cell Lung Cancer

Microsoft

Bristol Myers Squibb's declining revenue growth won't last forever. Microsoft has a strong moat and plenty of avenues for expansion.

2 Dividend Stocks to Buy Hand Over Fist

Abbott Labs

Blue chip dividend stocks can be outstanding picks for investors with a long-term outlook. Abbott Laboratories and Bristol Myers Squibb are two top-shelf pharma stocks that stand out from the crowd.

2 Blue Chip Dividend Stocks That Are Top Buys in August

First Trust Nasdaq Pharmaceuticals ETF 

iShares U.S. Pharmaceuticals ETF

Johnson & Johnson

Eli Lilly

Merck

Pfizer

Invesco Dynamic Pharmaceuticals ETF

VanEck Vectors Pharmaceutical ETF

SPDR S&P Pharmaceuticals ETF

Second-quarter earnings beat ratio of 86.6% and revenue beat ratio of 84.9% for the healthcare sector are impressive.

Pharma ETFs in Focus Post Q2 Earnings

Amgen

It's still unclear which drugs Medicare will select, but several companies have revealed in court filings that four of their medications are targets.

These 10 medications are likely targets for Medicare price negotiations this fall

Shares of Bristol Myers Squibb Co. BMY, +0.76% got a 0.9% bump up in premarket trading Thursday, after the biopharmaceutical company announced $4 billion in accelerated share repurchase agreements. The ASR represents 3.2% of the company's market capitalization of $126.64 billion as of Wednesday's close.

Bristol Myers Squibb stock extends bounce after announced $4 billion accelerated buyback agreements

PRINCETON, N.J.--(BUSINESS WIRE)---- $BMY--Bristol Myers Squibb (NYSE: BMY) announces induction into the Billion Dollar Roundtable, joining other Fortune 100 companies that have invested $1 billion with diverse-owned suppliers. This milestone highlights BMS' longstanding history of taking purposeful action to advance health equity, foster a diverse and inclusive workplace, improve and increase the diversity in its clinical trials and expand the diversity among its supplier base. BMS established aspirati.

Bristol Myers Squibb Inducted into the Billion Dollar Roundtable, Expands Supplier Diversity Efforts

PRINCETON, N.J.--(BUSINESS WIRE)---- $BMY #BMS--Bristol Myers Squibb Enters Into $4 Billion Aggregate Accelerated Share Repurchase Agreements.

Bristol Myers Squibb Enters Into $4 Billion Aggregate Accelerated Share Repurchase Agreements

PRINCETON, N.J.--(BUSINESS WIRE)---- $BMY #ClearUnderstanding--Bristol Myers Squibb Launches Clear Understanding Campaign to Reveal the Plain Truth About Living with Moderate to Severe Plaque Psoriasis.

Bristol Myers Squibb Launches Clear Understanding Campaign to Reveal the Plain Truth About Living with Moderate to Severe Plaque Psoriasis

Deteriorating Revlimid sales weighed on second-quarter results. Still, the drugmaker offers a generous and sustainable dividend.

Should Dividend Investors Buy Bristol Myers Stock?

Danaher

ProShares S&P 500 Dividend Aristocrats ETF

PepsiCo

Procter & Gamble

Invesco S&P 500 High Beta ETF

Thermo Fisher Scientific

UnitedHealth Group

iShares Edge MSCI Min Vol USA ETF

Health Care Select Sector SPDR Fund

High-beta stocks have outperformed defensive stocks in the stock market recently, raising questions about the effectiveness of low-volatility and dividend growth investing. ROBECO's research shows that low-volatility investing can significantly improve long-term performance, particularly in market environments with increased retail investor participation. Low-risk ETFs, such as healthcare names and dividend aristocrats, offer exposure to fundamentally strong factors and tend to perform well during periods of stagflation, high inflation, and decent economic growth.

Time To Go Defensive With These ETFs

Chevron

NextEra Energy

T-Mobile US

Travelers

Verizon

The allure of discounted blue-chip stocks shines brighter than ever amid the complex mosaic of the stock market. With the stock market witnessing a rise driven by a handful of names, the flip side reveals several stocks lagging behind indices.

Looking for a Bargain? 7 Blue-Chip Stocks to Buy That Are Down 5% in 2023

Bristol-Myers Squibb's revenue for the second quarter of 2023 was $11.23 billion, down 0.97% from the previous quarter and 5.6% from the second quarter of 2022. Sales of Opdualag, an FDA-approved drug for treating patients with unresectable or metastatic melanoma, totaled $154 million in Q2 2023, up 165.6% from Q2 2022. On the other hand, Camzyos, a cardiac myosin inhibitor developed by MyoKardia, which Bristol-Myers Squibb acquired for $13.1 billion in 2020, is seeing strong sales.

Bristol-Myers Squibb's Bright Future Unfolds Beyond Q2 2023 Turmoil

Bristol-Myers' (BMY) second-quarter 2023 earnings and sales miss estimates due to generic erosion for the oncology drug Revlimid. The company also cuts its forecast for 2023.

Bristol-Myers (BMY) Q2 Earnings, Sales Miss, '23 View Lowered

Bristol-Myers Squibb Company (NYSE:BMY ) Q2 2023 Earnings Call Transcript July 27, 2023 8:00 AM ET Company Participants Timothy Power - VP & Head, IR Giovanni Caforio - Chairman & CEO David Elkins - EVP & CFO Christopher Boerner - EVP & Chief Commercialization Officer Adam Lenkowsky - Chief Commercialization Officer Samit Hirawat - EVP & Chief Medical Officer, Global Drug Development Conference Call Participants Chris Shibutani - Goldman Sachs Evan Seigerman - BMO Capital Markets Geoff Meacham - Bank of America Terence Flynn - Morgan Stanley Chris Schott - JPMorgan Seamus Fernandez - Guggenheim Carter Gould - Barclays Timothy Anderson - Wolfe Research Steve Scala - TD Cowen Matthew Phipps - William Blair David Risinger - Leerink Partners Mohit Bansal - Wells Fargo Yihan Li - UBS Dane Leone - Raymond James Olivia Brayer - Cantor Fitzgerald Operator Good morning, everyone. Welcome to the Bristol-Myers Squibb Second Quarter 2023 Earnings Conference Call.

Bristol-Myers Squibb Company (BMY) Q2 2023 Earnings Call Transcript

The headline numbers for Bristol Myers (BMY) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Bristol Myers (BMY) Q2 Earnings: A Look at Key Metrics

Bristol Myers' innovative wheel should keep revenue moving in the right direction. Pfizer's success in the coronavirus market is helping fund other potential products.

News for Bristol-Myers Stock (BMY)