Bristol-Myers Squibb Company
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Bristol-Myers Squibb Company is a global biopharmaceutical company based in the U.S. It is active across broad sections of the market.
BMY is ranked among the 20 largest pharmaceutical companies by revenues. Consensus analyst forecasts held that revenue would reach $42 billion for 2020. Analysts expect total earnings of $6.40 per share.
BMY traces its history back to the middle part of the 19th century. It produced critical medical supplies for the Union Army during the Civil War. During World War II, the company turned out massive quantities of penicillin. Current products include new cardiovascular, heart disease and cancer treatments. The $74 billion merger with Celgene in 2019 augmented the company’s cancer treatment offerings and increased the new product pipeline awaiting FDA approval.
In January of 2021, BMY management offered long-term forecasts of 3.7% annualized revenue growth from 2020 to 2025.
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