RE:BMS buys stock in TCR-based cell therapies & bispecifics co.July 27, 203 - BMS looks to new product portfolio as revenues slide due to Revlimid losses
Bristol Myers Squibb cited lower Revlimid sales as a driver of its falling revenue in the US in the second quarter of 2023, and like other Big Pharma companies is looking to recover from a looming patent cliff that has begun to take affect in 2023. Big Pharma will be also looking to M&A deals to fill their threatened product portfolios, that are losing their product market exclusivities.
https://endpts.com/revlimid-losses-lead-bristol-myers-squibb-to-lower-full-year-guidance/