BMS curbs Revlimid competition damage to beat estimates

26 October 2022

Bristol Myers Squibb (NYSE: BMY) saw its sales drop by 3% during the third quarter of 2022.

The US drugmaker’s revenue for the quarter totalled $11.2 billion, with the firm blaming the decline on the loss of exclusivity of end-of-patent products - particularly the multiple myeloma drug Revlimid (lenalidomide).

But analysts had in fact expected the sales total to be lower, at around $11.1 billion, according to Refinitiv data.

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