11:00 am EST. 0000002778 00000 n The 2022 Country 2 Country 4 Cancer ride organised by Bristol Myers Squibb will feature more than 90 of the company's employees cycling in seven European countries from 2-19th September in support of the Union for International Cancer Control (UICC) and selected members to raise funds with the aim of accelerating the fight against cancer and Its primary focus is on cancer, cardiovascular, immunology and fibrotic therapeutic projects. Many of these vary by location, such as: If you're interested in advancing your career with an innovative team, join our Talent Community to keep in touch about the latest news and opportunities that match your interests. The non-GAAP financial measures are provided as supplemental information to the financial measures presented in this press release that are calculated and presented in accordance with GAAP and are presented because management has evaluated the companys financial results both including and excluding the adjusted items or the effects of foreign currency translation, as applicable, and believes that the non-GAAP financial measures presented portray the results of the companys baseline performance, supplement or enhance management, analysts and investors overall understanding of the companys underlying financial performance and trends and facilitate comparisons among current, past and future periods. 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. Similar charges or gains were recognized in prior periods and will likely reoccur in future periods. This culture of inclusion encourages everyone to pursue innovative ideas, develop leadership capabilities and gain valuable, diverse experiences to shape exciting careers. Here we feature several BMS colleagues sharing their views on the subject from their perspectives, based on their own experiences. They encouraged employees to take their vacations. Whether recruiting from academia or the commercial biopharma sector, Mihaela explains why a move to BMS is a great career move. 0000042527 00000 n We do this in a few ways: We are a culture of savers who recognize the value of saving early and often and seize the opportunities to do so. 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. endobj Bristol Myers Squibb expects to finance the acquisition with cash on hand. Materials related to the call will be available at the same website prior to the conference call. though we are required to work bank holidays, Paid holidays for employees are always offered, they add weeks off at times. Available to US-based employeesChange location, Comparable to many others in the same league. Media and Investor Relations: ir@tptherapeutics.com, Bristol Myers Squibb to Acquire Turning Point Therapeutics, a Leading Precision Oncology Company. Returns Risk A+ 0.4 beta (5Y monthly). Our financial strength, dedicated workforce and proven ability to execute will enable us to continue to advance our pipeline, invest in future sources of innovation and position the company for sustained growth., $ amounts in millions, except per share amounts. #BMSCareers. This information is among the primary indicators that we use as a basis for evaluating performance, allocating resources, setting incentive compensation targets and planning and forecasting for future periods. 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. All of our employees must comply with the highest standards of data privacy protection consistent with the laws of the jurisdiction in which they operate. 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. Top 50%. This earnings release and the related attachments (as well as the oral statements made with respect to information contained in this release and the attachments) contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, statements relating to goals, plans and projections regarding the companys current and projected financial position, results of operations, market position, product development, share repurchase program and business strategy. 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 . Mirati Therapeutics MRTX reported a loss of $3.51 per share for fourth-quarter 2022, narrower than the Zacks . 0000014201 00000 n Goldman Sachs & Co. LLC is serving as the exclusive financial advisor to Turning Point Therapeutics, and Cooley LLP is serving as legal counsel. With support and coaching from your colleagues, youre encouraged to take on stretch assignments that maximize your learning experience. They offer 3 weeks after 3 or 4 years and they go up every couple of years. International revenues increased 4% to $4.5 billion in the quarter. Bristol-Myers in May entered into a $1.56 billion deal with Agenus Inc to exclusively develop and market its experimental drug for immuno-oncology treatments, including non-small-cell lung cancer. Bristol-Myers confirmed that it had signed a deal to develop Agenus antibody treatment known as AGEN1777. *The average price target includes all analyst analysis, not just the most recent analysis presented in the chart. Source: Bristol-Myers Squibb The transaction is the biggest acquisition ever announced so early in a calendar year, according to data compiled by Bloomberg going back to 1990. 0000042941 00000 n 0000192949 00000 n 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. 0000043721 00000 n The non-GAAP financial measures are provided as supplemental information to the financial measures presented in this communication that are calculated and presented in accordance with GAAP and are presented because management has evaluated the companys financial results both including and excluding the adjusted items or the effects of foreign currency translation, as applicable, and believes that the non-GAAP financial measures presented portray the results of the company's baseline performance, supplement or enhance management, analysts and investors overall understanding of the companys underlying financial performance and trends and facilitate comparisons among current, past and future periods. Gross margin is expected to be approximately 78% for GAAP and for non-GAAP. If, like us, you believe in the power of science to address some of the most challenging diseases of our time, then youll fit right in as we search for the next breakthroughs in biopharma. If you have $1,000 at the ready, pharmaceutical stock Bristol Myers Squibb *Stock Advisor returns as of June 7, 2021. 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. 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. Add to Microsoft Outlook. For more information, visit www.tptherapeutics.com. All statements that are not statements of historical facts are, or may be deemed to be, forward-looking statements. 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. Neither the company nor Turning Point Therapeutics undertakes any obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Christi Shaw just announced her resignation from the position of CEO of Kite. . 0000012839 00000 n Expects low- to mid-single digit revenue CAGR and low double-digit revenue CAGR for our Continuing Business, Expects to maintain low- to mid-40s percent non-GAAP operating margin, Expects significant free cash flow generation of $45-$50 billion dollars from 2022-2024. Our employees are expected to adhere to the highest ethical standards in the conduct of our business. I'm ready to enroll! Both GAAP and non-GAAP guidance assume current exchange rates. Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Former Sales Training Manager in nullnull, Current Maintenance Engineer in Manati, PR, Puerto Rico, Current Senior Manufacturing Engineer in New Brunswick, NJ, New Jersey, Former Senior Financial Analyst in Princeton, NJ, New Jersey. (link). THIS LICENSE AGREEMENT (this "Agreement") dated as of March 30, 1998 by and between Bristol-Myers Squibb Company, a corporation duly organized and existing under the laws of the State of Delaware, having offices at P.O. Youll find valuable developmental opportunities to help connect you to your passion and drive your career forward. 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. <<6D48DD0CF1B2B2110A0080F8A4DAFC7F>]/Prev 512677/XRefStm 1987>> Israel holiday schedule. Shareholder proposals relating to our 2021 Annual Meeting of Shareholders must be received by us at our principal executive offices, Bristol-Myers Squibb Company, 430 East 29th Street14th Floor, New York, New York 10016, Attention: Corporate Secretary, no later than November 25, 2020. (. Turning Point Therapeutics is a clinical-stage precision oncology company with a pipeline of investigational medicines designed to target the most common mutations associated with oncogenesis. A replay of the webcast will be available on http://investor.bms.com approximately three hours after the conference call concludes. (PDF). 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. Your future colleagues at Bristol Myers Squibb are impacting lives every day. U.S. revenues increased 11% to $7.5 billion in the quarter. 0000007256 00000 n Worldwide revenues are expected to be approximately $47 billion, representing an increase in the low-single digits. 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. An effective tax rate of approximately 24% for GAAP and approximately 16.5% for non-GAAP. 0000006923 00000 n In addition, the compounds described in this communication are subject to all the risks inherent in the drug development process, and there can be no assurance that the development of these compounds will be commercially successful. Bristol Myers Squibb (BMY) posted disappointing results in the first quarter as the pharmaceutical companys revenues rose 3% Shrilekha Pethe Apr 30, 2021.

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