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Bristol Myers Squibb10-K: Market share loss

Blockbuster drug Eliquis faces generic competition in EU now, with US entry slated for 2028

What happened

Generic versions of the key drug Eliquis are already being marketed in some EU countries, and settlements permit US generic entry in 2028. This loss of exclusivity on a major revenue driver creates significant pressure to cut costs and accelerate the pipeline to offset future sales erosion.

Source

SEC EDGARFeb 11, 2026

Annual report (Form 10-K)

Bristol Myers Squibb 10-K for FY2025

Filing excerpt

Under the terms of previously executed settlement agreements, the generic companies with whom BMS settled are permitted to launch in 2028, subject to additional challenges.

sec.gov/Archives/edgar/data/14272/000001427226000004/bmy-20251231.htmRead the full source

Other signals in this filing (11)

Extracted by Autobound

From the Signal API record
Signal
10-K: Market share loss

What this signalsFilings often name leadership changes, deals and spending plans.

Period
FY2025
Fiscal year end
12/31
Filed
Feb 11, 2026

More 10-K signals at other companies

The full record

From the Signal API record

Details

CIK
14272
Accession number
0000014272-26-000004
Timeframe
Multi year
Filing year
2026
Why it matters
Urgency to improve

Topics and mentions

Competitors

  • Pfizer

Regions named

  • U.S.
  • EU

Extraction

Confidence
High
Relevance
90%
Sentiment
Negative
Detected
Feb 17, 2026
signal_type
sec-10k
signal_subtype
marketShareLoss

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The API returns more than this page shows

This page shows a preview. The full sec-10k record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/dc77fed1-94d5-4986-9a46-be13378042aa returns this record as JSON. POST /v1/companies/enrich returns every signal for bms.com.

{
  "signal_id": "dc77fed1-94d5-4986-9a46-be13378042aa",
  "signal_type": "sec-10k",
  "signal_subtype": "marketShareLoss",
  "detected_at": "2026-02-17T06:30:02.078+00:00",
  "company": {
    "name": "Bristol Myers Squibb",
    "domain": "bms.com"
  },
  "data": {
    "detail": "Generic versions of the key drug Eliquis are already being marketed in some EU countries, and settlements permit US generic entry in 2028. This loss of exclusivity on a major revenue driver creates significant pressure to cut costs and accelerate the pipeline to offset future sales erosion.",
    "metrics": {
      "timeframe": "multi_year"
    },
    "summary": "Blockbuster drug Eliquis faces generic competition in EU now, with US entry slated for 2028",
    "excerpts": "Under the terms of previously executed settlement agreements, the generic companies with whom BMS settled are permitted to launch in 2028, subject to additional challenges.",
    "relevance": 0.9,
    "sentiment": "negative",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/14272/000001427226000004/bmy-20251231.htm",
    "filing_date": "2026-02-11",
    "filing_year": 2026,
    "fiscal_year_end": "12/31",
    "sales_relevance": "Urgency to improve",
    "signal_category": "market",
    "regions_mentioned": [
      "U.S.",
      "EU"
    ],
    "competitors_mentioned": [
      "Pfizer"
    ]
  }
}

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