Cautionary Statement Regarding Forward-Looking Statements. This earnings release and the accompanying tables also provide certain revenues and expenses as well as non-GAAP measures excluding the impact of foreign exchange. These statements are only predictions, and such forward-looking statements are based on current expectations and involve inherent risks and uncertainties, including factors that could delay, divert or change any of them, and could cause actual outcomes and results to differ materially from current expectations. endstream Working With Us While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, even if our estimates change, whether as a result of new information, future events or otherwise. The company also plans to continue to explore the potential of Turning Point Therapeutics promising pipeline of novel compounds. ET during which company executives will review financial information and address inquiries from investors and analysts. 867 0 obj 0000014201 00000 n (( g Bristol-Myers, Eisai in up to $3.1 bln deal to develop cancer drug This communication is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell securities, nor is it a substitute for the tender offer materials that Bristol Myers Squibb and Rhumba Merger Sub Inc. (Merger Sub) will file with the U.S. Securities and Exchange Commission (SEC). Operating expenses, consisting of marketing, selling and administrative expenses and research and development expenses, are expected to decrease by approximately 10% for GAAP and be in-line with 2021 levels for non-GAAP. Agenus saw its stock skyrocket on Tuesday after the company announced a $1.6 billion deal with Bristol-Myers Squibb (NYSE: BMY), a $146 billion giant, to develop Agenus promising new cancer antibody treatment. No forward-looking statement can be guaranteed. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.You can see all of today's research reports here >>>Bristol-Myers Squibb's shares . Please speak with your recruiter for more information. 0000010676 00000 n Best place for vacation and time off, BMS incentivize family time. I am proud of how our company performed in 2021, helping more patients across our therapeutic areas, while achieving 9% revenue and 17% non-GAAP EPS growth, respectively, said Giovanni Caforio, M.D., board chair and chief executive officer, Bristol Myers Squibb. First GE-made Air India aircraft to be service ready in 2023 itself (PDF). Catalyst and Talent Accelerator: unique programs designed to accelerate the leadership potential of high performing individuals to drive global innovation and business results. Bristol Myers Squibb is a global biopharmaceutical company whose mission is to discover, develop and deliver innovative medicines that help patients prevail over serious diseases. Bristol Myers Squibb to Report Results for Second Quarter 2022 on July Materials on this website may contain information about the Company's future plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Because the non-GAAP financial measures are not calculated in accordance with GAAP, they should not be considered superior to or as a substitute for the related financial measures that are prepared in accordance with GAAP and are not intended to be considered in isolation and may not be the same as or comparable to similarly titled measures presented by other companies due to possible differences in method and in the items being adjusted. Non-GAAP EPS . Under the terms of the merger agreement, Bristol Myers Squibb will promptly commence a tender offer to acquire all of the outstanding shares of Turning Point Therapeutics common stock at a price of $76.00 per share in an all-cash transaction for a total consideration of $4.1 billion in equity value. Bristol-Myers confirmed that it had signed a deal to develop Agenus antibody treatment known as AGEN1777. 2020; 2022 Calendar Settings. The study was conducted by The Bristol Myers Squibb-Janssen Collaboration. 2021 Annual Report: CEO Letter - Bristol Myers Squibb Consequently, the company will not update the information contained on the website and investors should not rely upon the information as current or accurate after the presentation date. BMS United Kingdom The company has a current ratio of 1.67, a quick ratio of 1.58 and a debt-to-equity ratio of 0.82. June 08, 2022 06:59 AM Eastern Daylight Time. 0000006923 00000 n The companys performance in the first quarter of 2021 Furthermore, one of the three required milestones for payment of the Bristol Myers Squibb Contingent Value Right (CVR) remained unaccomplished due to the pending FDA approval as of Dec. 31, 2020. Play. After the war and into the 1960s, both Squibb and Bristol-Myers expanded their production and research of antibiotics. Forward-looking statements in this earnings release should be evaluated together with the many risks and uncertainties that affect the companys business and market, particularly those identified in the cautionary statement and risk factors discussion in the companys Annual Report on Form 10-K for the year ended December 31, 2020, as updated by the companys subsequent Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other filings with the Securities and Exchange Commission. 0000042788 00000 n Bristol-Myers Squibb BMY | stock $69.02 0.09% $147 B 3.31% $2.28 - Ratings - BMY Dividend Safety A+ 16 years of consecutive dividend increase. No cons. "The first of the new aircraft will enter service in late-2023, with the bulk to . Learn about our safety approach to COVID-19 > At Bristol Myers Squibb, the work you do-often in support of emerging therapeutic areas that require new methods of thinking and working-will help people prevail over serious diseases. With repotrectinib, we have the opportunity to change the standard of care and address a significant unmet medical need for ROS1-positive non-small cell lung cancer patients., Through this transaction, we will be able to harness the full potential of our precision oncology platform to advance the standard of care for cancer patients. Bristol Myers (BMY) Earnings Date & Reports 8,681 Followers Portfolio Earnings Data Report Date Apr 27, 2023 Before Open Not Confirmed Period Ending 2023 (Q1) Consensus EPS Forecast $1.98 Last Year's EPS $1.96 Same Quarter Last Year Analyst Consensus Moderate Buy Based on 9 Analysts Ratings Bristol Myers (BMY) Earnings, Revenues Date & History BMS Access Support | For Patients & Caregivers FOURTH QUARTER PRODUCT REVENUE HIGHLIGHTS, *In excess of +100%. It includes chemically-synthesized drugs or small molecules and products produced from biological processes called biologics. Air India, part of Tata group, had signed an order for 40 GE engines, plus a multi-year engine services agreement. Bristol Myers Squibb - Bristol Myers Squibb Reports Fourth Quarter and . Recently declared a week off fro everybody between xmas and new years. Investors and the general public are invited to listen to a live webcast of the call at http://investor.bms.com or by using this link which becomes active 15 minutes prior to the scheduled start time and entering your information to be connected. REVLIMID (lenalidomide) - Official Patient Website Bristol Myers Squibb is introducing its 2022 GAAP EPS guidance range of $3.37 - $3.67 and reaffirming its non-GAAP EPS guidance range of $7.65 - $7.95. This website uses cookies to provide website functionality. %%EOF The basis for our security efforts is to protect our employees, operations and intellectual property. Whether recruiting from academia or the commercial biopharma sector, Mihaela explains why a move to BMS is a great career move. A cash dividend payment of $0.49 per share is scheduled to be paid on August 02, 2021. Apr 27, 2021 (The Expresswire) -- Covid -19 Impact to global Stroke Treatment Drugs Market for 2015-2025. Bristol-Myers would pay $650 million, including for research and development expenses to Eisai, which will also be eligible for up to $2.45 billion in milestone payments, the companies said.. customer.relations@bms.com (877) 517-6326 (Monday-Friday, 8 AM-8 PM ET) Adverse event or product quality complaints (800) 721-5072 Such forward-looking statements are based on current expectations and involve inherent risks and uncertainties, including factors that could delay, divert or change any of them, and could cause actual outcomes and results to differ materially from current expectations. Forward-looking statements contained on this website should be evaluated together with the many uncertainties that affect Bristol Myers Squibb's business, particularly those identified in the cautionary factors discussion in the companys most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. Every year, key managers and executives are required to certify that they have read, understand, are in compliance with, and will continue to comply with our Standards of Business Conduct and Ethics. Bristol Myers M&A strategy leader enters 2021 with 'stronger sense of Glassdoor is your resource for information about the Paid Holidays benefits at Bristol Myers Squibb. We are honored to be recognized by Fortune once again as one of the Worlds Most Admired Companies. In a scientific, business or supporting function, theres no better place to do some of the most interesting and meaningful work of your career. Here we feature several BMS colleagues sharing their views on the subject from their perspectives, based on their own experiences. The company continues to maintain a consistent, balanced approach to capital allocation focused on prioritizing investment for growth through business development along with reducing debt, commitment to dividend growth and share repurchase. We calculate foreign exchange impacts by converting our current-period local currency financial results using the prior period average currency rates and comparing these adjusted amounts to our current-period results. Because the non-GAAP financial measures are not calculated in accordance with GAAP, they should not be considered superior to and are not intended to be considered in isolation or as a substitute for the related financial measures presented in the press release that are prepared in accordance with GAAP and may not be the same as or comparable to similarly titled measures presented by other companies due to possible differences in method and in the items being adjusted. bristol myers squibb Dublin, Ireland . The transaction is expected to be up to $0.08 per share dilutive to non-GAAP EPS in 2022 prior to any impact from an acquired in-process research and development charge based on final accounting treatment. 0 They encouraged employees to take their vacations. Karin Fuchs - Executive Assistant to SVP Government - LinkedIn In addition, the company believes such a reconciliation would imply a degree of precision and certainty that could be confusing to investors. 0000008852 00000 n For your convenience, we provide daily services that save you time. 0000005073 00000 n Headquarters Location 430 E. 29th Street 14th Floor New York, New York, 10016, United States Employees must meet all eligibility requirements in order to qualify. 0000010800 00000 n The transaction was unanimously approved by both the Bristol Myers Squibb and Turning Point Therapeutics Boards of Directors and is anticipated to close during the third quarter of 2022. We may use this website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. 0000003506 00000 n Reconciliations of these non-GAAP financial measures to the most comparable GAAP measures for a particular quarterly period are available on the companys website at www.bms.com., Risk Evaluation and Mitigation Strategies (REMS), Pre-Approval Access to Investigational Medicines, Areas of Interest & Competitive Research Grants, The Thomas O. Daniel Research Incubator and Collaboration Center, Acquisition FAQs for Celgene Shareholders, Acquisition-related information for Celgene shareholders, Unsubscribe to News Email Alerts - Bristol Myers Squibb, Subscribe to New Email Alerts - Bristol Myers Squibb, BMS at June 2022 oncology and hematology congresses, Committed to creating a better future for cancer patients, People & Business Resource Groups leadership team, Our Commitment to Equal Employment Opportunity, Access to Medicines in the Developing World, UK-CA Slavery and Human Trafficking Statement (PDF), Our Commitment to Global Inclusion & Diversity>. They merged in 1989, creating a powerhouse pharmaceutical company that was the second-largest in the world at the time. Bristol Myers Squibb (NYSE:BMY) will announce results for the first quarter of 2021 on Thursday, April 29, 2021. Similar charges or gains were recognized in prior periods and will likely reoccur in future periods, including amortization of acquired intangible assets, including product rights that generate a significant portion of our ongoing revenue and will recur until the intangible assets are fully amortized, unwind of inventory purchase price adjustments, acquisition and integration expenses, restructuring costs, accelerated depreciation and impairment of property, plant and equipment and intangible assets, R&D charges or other income resulting from up-front or contingent milestone payments in connection with the acquisition or licensing of third-party intellectual property rights, divestiture gains or losses, stock compensation resulting from accelerated vesting of Celgene awards, certain retention-related employee compensation charges related to the Celgene transaction, pension, legal and other contractual settlement charges, equity investment and contingent value rights fair value adjustments (including fair value adjustments attributed to limited partnership equity method investments beginning in 2021) and amortization of fair value adjustments of debt acquired from Celgene in our 2019 exchange offer, among other items. endobj Working among other smart, creative and talented colleagues, youll find support and uncommon opportunities to learn, grow and lead. This was driven by its aforementioned revenue growth, a 330-basis-point. Reconciliations of the non-GAAP financial measures to the most comparable GAAP measures are provided in the accompanying financial tables and also available on the companys website at www.bms.com. Join scientists like Aparna's team, who have helped Bristol Myers Squibb establish a leadership position within hematology oncology therapies, doing interesting and meaningful work while transforming patients lives daily. Employee Workplace Policies - Bristol Myers Squibb ET. Bristol Myers Squibb Vacation & Paid Time Off - Glassdoor Bristol-Myers Squibb has 9 holidays and 4 personal/floating holidays. A cash dividend payment of $0.49 per share is scheduled to be paid on November 01, 2021. Whether it's bringing key medicines to market, or expanding patient access to medicines, our commitment to patients drives innovation in our pipeline and guides our action as a responsible corporate citizen. FDA MedWatch at 1-800-FDA-1088, and Celgene Corporation, a Bristol-Myers Squibb Company, at 1-888-423-5436. Our Insights for Success program is offered to diverse employees to enhance their organizational and personal career success and ensure equitable leadership throughout the company. **Included as part of the new product portfolio Bristol-Myers Squibb Co (BMS) is a specialty biopharmaceutical company that is engaged in discovery, development, licensing and manufacturing, marketing, distribution and sale of medicines and related medical products to patients with serious diseases. Bristol-Myers Squibb has a 1 year low of $54.07 and a 1 year high of $67.16. Your response will be removed from the review this cannot be undone. Special . We incent, recognize, reward and celebrate those who consistently embody our mission and behaviors to reach above and beyond, driving our business forward. Learn more! In a prespecified interim analysis, In January, the company announced that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) has recommended approval of, In December, the company announced two regulatory applications for, In December, the company announced new data and analyses from across its hematology portfolio (, In November, the company announced that the European Commission (EC) approved, In November, the company announced three regulatory applications for deucravacitinib have been accepted for review. Currency in USD Follow 2W 10W 9M 70.18 -1.22 (-1.71%) At close: 04:00PM EST 70.40 +0.22 (+0.31%) After hours: 07:43PM EST Time. bristol myers squibb holiday calendar 2021. The recognition is a testament to our commitment to transform patients lives through science. 1 Bristol Myers Squibb Reports First Quarter Financial Results for 2022 Reports First Quarter Revenues of $11.6 Billion, an Increase of 5% YoY; or 7% When Adjusted for Foreign Exchange Posts First Quarter Earnings Per Share of $0.59 and Non-GAAP EPS of $1.96; Includes Net Impact of ($0.10) per share for GAAP and Non-GAAP EPS Due to Acquired IPRD1 Bristol Myers Squibb expects repotrectinib to be approved in the U.S. in the second half of 2023 and become a new standard of care for patients with ROS1-positive NSCLC in the first-line setting. <> Monthly calendar; Candle-lighting times only . ** Included as part of the new product portfolio Worldwide revenues are expected to be approximately $47 billion, representing an increase in the low-single digits. The website may also contain certain non-GAAP financial measures, adjusted to exclude certain costs, expenses, gains and losses and other specified items. There are regular US holidays with 4 floating holiday/personal days. Engage with instructors and fellow students for half-day or up to three-day programs in a virtual or classroom setting. System. In November, the company announced that the Phase 3 CheckMate -816 trial met the co-primary endpoint of improved event-free survival (EFS) in patients with resectable Stage IB to IIIA non-small cell lung cancer. In addition, non-GAAP gross margin, which is gross profit excluding certain specified items as a percentage of revenues, non-GAAP operating margin, which is operating income excluding certain specified items as a percentage of revenues; non-GAAP free cash flow, which is non-GAAP net earnings plus adjustments related to cash generated from operating activities and cash paid for capital expenditures; non-GAAP marketing, selling and administrative expenses, which is marketing, selling and administrative expense excluding certain specified items, and non-GAAP research and development expenses, which is research and development expenses excluding certain specified items, are relevant and useful for investors because they allow investors to view performance in a manner similar to the method used by our management and make it easier for investors, analysts and peers to compare our operating performance to other companies in our industry and to compare our year-over-year results. These items are excluded from non-GAAP earnings and related EPS information because the company believes they neither relate to the ordinary course of the companys business nor reflect the companys underlying business performance. Technical Lead Commercial Manufacturing Upstream Bristol Myers Squibb (NYSE:BMY) today reports results for the fourth quarter and full year of 2021, which reflect strong sales driven by robust commercial execution and significant advancement of the companys pipeline that further progressed the companys portfolio renewal. 11:00 am EST. Bristol-Myers Squibb Co (BMY) Stock Price & News - Google Finance Home BMY NYSE Bristol-Myers Squibb Co Follow Share $69.30 After Hours: $69.30 (0.00%) 0.00 Closed: Mar 3, 4:02:47 PM GMT-5. I'm ready to enroll! 0000192949 00000 n Accordingly, investors should monitor the Investors section of our website, in addition to following our press releases, SEC filings, public conference calls, presentations and webcasts. Bristol-Myers June 17 (Reuters) - Bristol-Myers Squibb Co BMY.N and Eisai Co said on Thursday they had entered into an A Reminder to Patients Applying to the Bristol Myers Squibb Patient Assistance Foundation (BMSPAF) If you are applying to BMSPAF for the first time or for continued assistance, your application may be processed more quickly if you include proof of your household income from a Federal Tax Return or other sources of income documentation including: [Updated: 3/26/2021] BMY Stock Looks Undervalued At $63.
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