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 Whether recruiting from academia or the commercial biopharma sector, Mihaela explains why a move to BMS is a great career move. Connect with a more experienced colleague to be your sounding board and to help guide you forward. 0000013257 00000 n 0000003811 00000 n Bristol-Myers Squibb bulls will hope to hear the company announce they've not only beaten. International revenues increased 4% to $4.5 billion in the quarter. No cons. In addition, the company believes such a reconciliation would imply a degree of precision and certainty that could be confusing to investors. Meet Our Team in Tampa, FL Meet Our Team in Tampa, FL Possibility Lives at BMS Find out why possibility lives at Bristol Myers Squibb Asha on Skills 2 Give Volunteer Program Asha on Skills 2 Give Volunteer Program Manage cover for holidays and absenteeism for warehouse staff through Time Management. We may use this website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Former Sales Training Manager in nullnull, Current Senior Manufacturing Engineer in New Brunswick, NJ, New Jersey, Former Senior Financial Analyst in Princeton, NJ, New Jersey, Current Senior Cell Processing Specialist in Summit, NJ, New Jersey, Current Scientific Director in Princeton, NJ, New Jersey, Current Statistician in New Brunswick, NJ, New Jersey, Current Sourcing Manager in Tampa, FL, Florida. Kitchenettes with vending machines, free coffee and tea. 0000000016 00000 n ET on February 18, 2022 by dialing in the U.S. toll free 888-203-1112 or international +1 719-457-0820, confirmation code: 2150568. customer.relations@bms.com (877) 517-6326 (Monday-Friday, 8 AM-8 PM ET) Adverse event or product quality complaints (800) 721-5072 We foster an energizing work experience, that through your choices, education and access, sustains our environment of well-being, individual accountability, productivity and safety. We encourage investors to review our financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure. Listen to Webcast. 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. For more information, visit www.tptherapeutics.com. Bristol Myers Squibb (BMY) posted disappointing results in the first quarter as the pharmaceutical companys revenues rose 3% Shrilekha Pethe Apr 30, 2021. There are no upcoming events. As a result, the reconciliation of these non-GAAP measures to the most directly comparable GAAP measures is not available without unreasonable effort. Bristol Myers Squibb posted third quarter revenues of $11.2 billion, a decrease of 3%, driven by recent LOE products (primarily Revlimid) and foreign exchange impacts, partially offset by in-line products (primarily Eliquis and Opdivo) and our new product portfolio . paid time off and holidays- employees are expected to work holidays at times. There are regular US holidays with 4 floating holiday/personal days. Cautionary Statement Regarding Forward-Looking Statements. Home; Our Services; About us; Blog; Contact Repotrectinib has been granted three Breakthrough Therapy Designations from the U.S. Food and Drug Administration. I am confident in our ability to execute against our key milestones in 2022, including three planned first-in-class launches with relatlimab plus nivolumab fixed dose combination, mavacamten and deucravacitinib. 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 ups aid. For your convenience, specialized Bristol Myers Squibb representatives are available by phone or email to help you with your medical, technical, or general inquiries. Both GAAP and non-GAAP guidance assume current exchange rates. endobj Glassdoor is your resource for information about the Vacation & Paid Time Off benefits at Bristol Myers Squibb. 0000007092 00000 n 0000007493 00000 n They merged in 1989, creating a powerhouse pharmaceutical company that was the second-largest in the world at the time. Celestica - Ireland. Bristol-Myers Squibb (NYSE: BMY) is a global biopharmaceutical company committed to discovering, developing, and delivering medicines that help patients prevail over serious diseases. Minor Holidays . Mily spoke to S&P Global Market Intelligence ahead of the 2021 J.P. Morgan Healthcare Conference beginning Jan. 11 about the company's plans for future M&A and partnerships. MORAb-202 is Eisais first ADC and combines Box 4000, Route 206 and Province Line Road, Princeton, New Jersey 08543-4000, for and on behalf of itself and its Affiliates Bristol Myers Squibb (NYSE: BMY) recently picked up another U.S. Food and Drug Administration (FDA) approval for Zeposia in The firm is expected to announce its next quarterly earnings report on Thursday, August 5th. Your future colleagues at Bristol Myers Squibb are impacting lives every day. "Simply because we are attracting the best talent to better serve patients now, while at the same time we're focusing on developing strategic partnerships to grow our pipeline of next generation assets and deliver on our commitment to the patients of tomorrow.". This culture of inclusion encourages everyone to pursue innovative ideas, develop leadership capabilities and gain valuable, diverse experiences to shape exciting careers. 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, Standards of Business Conduct and Ethics. We claim: 1. We may also use social media channels to communicate with our investors and the public about our company, our products and other matters, and those communications could be deemed to be material information. Its primary focus is on cancer, cardiovascular, immunology and fibrotic therapeutic projects. Also note that a reconciliation of the forward-looking revenue (ex-FX), free cash flow and non-GAAP operating margin measures is not provided due to the inherent difficulty in forecasting and quantifying items that are necessary for such reconciliation. Since our founding, we have leveraged our deep scientific expertise to develop a pipeline of promising precision oncology assets, said Athena Countouriotis, M.D., President and Chief Executive Officer, Turning Point Therapeutics. The actual financial impact of this transaction may differ from the expected financial impact described in this communication. Non-GAAP EPS . The FDA has assigned a PDUFA goal date of September 10, 2022. General and technical inquiries. they used to have flexible schedules- though that is unfortunately being phased out. Here we feature several BMS colleagues sharing their views on the subject from their perspectives, based on their own experiences. Marketing, selling and administrative expenses decreased 13% to $2.4 billion in the quarter primarily due to cash settlement of MyoKardia unvested stock awards in the prior year, and certain incremental and accelerated investments to support our business in 2020, partially offset by investments to support new product launches. Actual results may differ materially from current expectations because of numerous risks and uncertainties including with respect to (i) the timing of the tender offer and the subsequent merger, (ii) the number of shares of the Turning Point Therapeutics common stock that will be tendered in the tender offer, (iii) the risk that the expected benefits or synergies of the acquisition will not be realized, (iv) the risk that legal proceedings may be instituted related to the merger agreement, (v) any competing offers or acquisition proposals for Turning Point Therapeutics, (vi) the possibility that various conditions to the consummation of the tender offer or the acquisition may not be satisfied or waived, including that a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the offer or the acquisition and (vii) unanticipated difficulties or expenditures relating to the proposed transaction, the response of business partners and competitors to the announcement of the proposed transaction and/or potential difficulties in employee retention as a result of the announcement and pendency of the proposed transaction. Past events. Breakout Session - Bristol Myers Squibb Presents: The Future of Cancer Care: Transformative Innovation for All . No matter the role within BMS, we all embrace a patient-centric culture. In addition to the items discussed above, the results in the same period a year ago included an IPR&D charge related to the MyoKardia asset acquisition of $11.4 billion and the impact of fair value adjustments on equity investments and contingent value rights in both periods. startxref Up to 100% of qualifying tuition costs may be covered, based upon manager discretion and budget. Analysts estimate that Bristol-Myers Squibb will report an earnings per share (EPS) of $1.72. <>/Filter/FlateDecode/Index[87 726]/Length 47/Size 813/Type/XRef/W[1 1 1]>>stream Bristol Myers Squibb will not tolerate practices that violate the intent of our Mission and Commitment. The study was conducted by The Bristol Myers Squibb-Janssen Collaboration. We are honored to be recognized by Fortune once again as one of the Worlds Most Admired Companies. So we are always workingpushing the boundaries of what's possible to transform lives today and tomorrow. Our mission to enhance the lives of patients requires an investment in a strong learning culture. Glassdoor is your resource for information about the Paid Holidays benefits at Bristol Myers Squibb. A discussion of the non-GAAP financial measures is included under the Use of Non-GAAP Financial Information section. Please speak with your recruiter for more information. Top 40%. %%EOF 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. Working among other smart, creative and talented colleagues, youll find support and uncommon opportunities to learn, grow and lead. 0000015083 00000 n Cautionary Statement Regarding Forward-Looking Statements. . By 1943, Squibb operated the largest penicillin production plant in the world in New Brunswick, New Jersey. Share; Facebook; Twitter; LinkedIn . BMY: Get the latest Bristol-Myers Squibb stock price and detailed information including BMY news, historical charts and realtime prices. 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 . 0000014201 00000 n Media and Investor Relations: ir@tptherapeutics.com, Bristol Myers Squibb to Acquire Turning Point Therapeutics, a Leading Precision Oncology Company. Bristol-Myers Squibb Company ( BMY) will begin trading ex-dividend on July 01, 2021. I am ready to take up a new challenge and I would like to take this opportunity to put the knowledge and skills acquired during my career at the service of my new employer and future colleagues. Show more Show less Resident Advisor Bucknell University . "Bristol Myers Squibb is well positioned to build on our success in 2021 and continue to grow our company through the end of the decade." Giovanni Caforio Whether recruiting from academia or the commercial biopharma sector, Mihaela explains why a move to BMS is a great career move. Drug Discovery and Translational Medicine, Equal Employment Opportunity / Disability Assistance. With this transaction, we are continuing our strong track record of strategic business development to further enhance our growth profile., Todays news builds upon our long legacy of pioneering next-generation medicines for patients with cancer, said Samit Hirawat, M.D., Chief Medical Officer, Global Drug Development, Bristol Myers Squibb. The Bristol-Myers Squibb Benefits Program gives you the flexibility and opportunity to choose from a variety of options. We know its not easy to make a difference, so we make sure each employee feels empowered and motivated in their efforts to do so. 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. A method of treating a disorder mediated by BRD9 comprising administering an effective amount of a compound of Formula: or a pharmaceutically acceptable salt thereof The accurate completion of reimbursement- or coverage-related documentation is the responsibility of the healthcare provider and patient. 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. 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. 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. Investor Relations: investor.relations@bms.com These documents will be available at no charge on the SECs website at www.sec.gov. Access thousands of interactive online resources to gain the skills you need, when you need them. Bristol-Myers Squibb reported sales of $10.13 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.8%.

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