Bristol-Myers Squibb Company
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Bristol-Myers Squibb Company (BMY) investor relations material

Bristol-Myers Squibb Company 44th Annual J.P. Morgan Healthcare Conference summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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44th Annual J.P. Morgan Healthcare Conference summary12 Jan, 2026

Strategic Vision and Growth Objectives

  • Aims for industry-leading, sustainable growth into the 2030s and beyond, supported by a strong financial foundation and disciplined capital allocation.

  • Focused on executing a growth portfolio, advancing pipeline programs, and enhancing productivity through AI and technology.

  • Strategic business development and financial discipline have enabled $2 billion in cost optimization and a $10 billion debt paydown ahead of schedule.

  • Returned over $22 billion to shareholders in three years and increased dividends for 17 consecutive years, with 94 consecutive years of dividend payments.

  • Capital deployment supports business investment, R&D prioritization, and strategic acquisitions.

Pipeline Momentum and Innovation Highlights

  • Achieved 17% growth in the portfolio's first nine months, with four products surpassing $1 billion in annual sales, including Reblozyl exceeding $2 billion.

  • Multiple pipeline assets have multi-billion-dollar potential across neuroscience, cardiovascular, immunology, and oncology.

  • Over 10 new product launch opportunities targeted by 2030, with a robust late-stage and early-stage clinical development portfolio.

  • Anticipates pivotal readouts in 2026 for six new products, including Milvexian, Admilparant, Iberdomide, Mezigdomide, AR-LDD, and RYZ101, plus key line extensions.

  • Extensive Phase I–III portfolio spans oncology, hematology, cardiovascular, immunology, and neuroscience.

Research and Development Strategy

  • Transitioning from asset-focused to disease-focused R&D, prioritizing high-impact medicines and rigorous execution.

  • Enhanced R&D execution with a new Chief Medical Officer, focusing on great science, rigorous execution, and value-driven portfolio prioritization.

  • Leveraging AI and machine learning to accelerate clinical development and improve trial success rates.

  • Ongoing portfolio review to invest in differentiated science and externalize non-core assets.

  • Resource allocation is focused on opportunities with the highest value and success potential.

Cobenfy's expansion opportunities beyond schizophrenia
BMS's M&A strategy for pipeline enhancement
How R&D strategy drives 2030 launch wave
BD focus: near-term growth or new TAs?
Milvexian AFib: What is the market opportunity?
How has the 'say-to-do ratio' improved execution?
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Next Bristol-Myers Squibb Company earnings date

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Q4 20255 Feb, 2026
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Frequently asked questions

Bristol-Myers Squibb Company is a global biopharmaceutical company whose mission is to discover, develop and deliver innovative medicines that help patients prevail over serious diseases. It offers pharmaceutical products to treat psychiatric; cardiovascular diseases consisting of cholesterol disorders, hypertension, and arrhythmias; diabetes; human immunodeficiency virus infection; hepatitis B and hepatitis C viruses; infectious diseases comprising bacterial infections, mycobacterium avium complex disease, malaria, fungal infections tuberculosis, and influenza A/B virus; cancer comprising lymphoma, leukemia, and other cancers; diseases relating to inflammatory response of the body; rheumatoid arthritis and osteoarthritis related inflammation; psoriasis; Crohn's disease. The company also provides over-the-counter products for the treatment of acne and cold sores.

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