Company news: BMS goes over the patent cliff

Share this article:
Sales of Bristol-Myers Squibb's Plavix plunged 96% in the third quarter over the same period last year, contributing mightily to an overall 30% drop in sales of the company's products for the quarter, to $3.7 billion. BMS's patent cliff woes include Avapro and Avalide as well, and the company saw its HCV candidate, BMS-986094, fail. CEO Lamberto Andreotti put a brave face on it, conceding a "challenging" quarter but touting the finalization of the company's Amylin acquisition and saying: “We remain strong and well-positioned for future success as demonstrated by the achievement of regulatory milestones for Eliquis and Orencia, the presentation of long-term survival data for Yervoy, the completion of our acquisition of Amylin, and the performance of our key brands.”

This material may not be published, broadcast, rewritten or redistributed in any form without prior authorization. Your use of this website constitutes acceptance of Haymarket Media's Privacy Policy and Terms & Conditions