10-Q · latest 10
What Bristol Myers Squibb's 10-Q filings say
- SEC EDGAR
10-Q
Filed · 8 signals
Legacy drug portfolio revenue collapses due to generic erosion; Revlimid sales down 56% YTD.
The company is facing severe revenue loss from its legacy products due to generic competition, with Revlimid revenue falling by nearly $1 billion YTD.
$-1B
Revlimid YTD revenue decline ($773M in 2026 vs $1,774M in 2025)
-56%
Revlimid YTD revenue change
PfizerMerckDr. Reddy's Laboratories
BMY receives multiple major drug approvals in Q2 2026 for Opdivo, Sotyktu, and Breyanzi.
The company must rapidly scale commercialization efforts, including marketing, sales force enablement, and patient support programs, to capitalize on these new indications and drive revenue growth.
BMY defends $8.6B drug Eliquis in court and licenses Orencia to competitor Dr. Reddy's
BMY is engaged in high-stakes patent actions to defend its top-selling drug, Eliquis, from generics.
$8.6B
Eliquis YTD revenue
Dr. Reddy's Laboratories
The company's U.S. Gross-to-Net (GTN) adjustment percentage dropped from 52% to 36% year-to-date, driven by complex pricing strategies and rebate structures.
-16%
Year-to-date change in U.S. Gross-to-Net (GTN) adjustments as a percentage of gross sales.
The company operates proprietary Risk Evaluation and Mitigation Strategy (REMS) programs which restrict distribution to certified pharmacies and authorized patients.
Strategic Eliquis price cut drives 57% YTD drop in Medicare/Medicaid rebates
BMY's decision to reduce the U.S. list price for its top drug Eliquis caused a 57% YTD drop in Medicaid and Medicare rebates.
-57%
YTD change in Medicaid and Medicare rebates
- SEC EDGAR
10-Q
Filed · 11 signals
Legacy portfolio revenue collapses, with Revlimid down 63% ($587M YoY) due to generic erosion.
Multiple major products in the Legacy Portfolio are experiencing rapid revenue decline due to generic competition, including Revlimid (-63%), Pomalyst (-22%), and Sprycel (-58%).
$587M
Revlimid revenue decline in Q1 2026 vs Q1 2025 ($936M down to $349M)
-63%
Revlimid revenue percentage change YoY
Revlimid revenue plummets 63% due to generic erosion after license limits expired Jan 2026
The company is facing severe revenue decline from its legacy drug Revlimid, with sales dropping by over $580M in a single quarter.
$587M
YoY revenue decline for Revlimid ($936M in Q1 2025 vs $349M in Q1 2026)
-63%
YoY revenue change for Revlimid
Company executing an ongoing 'strategic productivity initiative' to reduce costs
Bristol-Myers Squibb is actively implementing a company-wide cost savings program to offset rising expenses in SG&A and R&D.
Engaged in patent infringement lawsuits to defend blockbuster drug Eliquis from generics
BMS is actively litigating to protect its top-selling product, Eliquis ($4.1B quarterly revenue), from generic competition in the U.S.
$4.1B
Quarterly revenue of Eliquis, the drug being defended
Pfizer
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Bristol Myers Squibb earnings headlines
From earnings call transcripts (Signal API type earnings-transcripts).
| Call date | What the company said |
|---|---|
| Completed sales field force expansion to support new drug launch.The company has expanded its commercial field force to increase reach and frequency for the Cobenfy launch. This headcount growth creates immediate opportunities for vendors in sales enablement, CRM optimization, training platforms, and field data analytics. | |
| Acquiring Orbital Therapeutics to strengthen cell therapy franchiseThe acquisition of Orbital Therapeutics adds a novel RNA technology platform and an 'off-the-shelf' CAR-T asset, representing a significant investment to lead in autoimmune disease treatments. This M&A activity will require technology and process integration, creating opportunities for consulting and platform vendors. | |
| Recent drug launches for Cobenfy and Qvantig are performing well.The successful launches of two new drugs, Cobenfy and Qvantig, are contributing to revenue growth and require sustained investment in marketing, sales support, patient services, and data analytics to maintain momentum and capture market share. | |
| Struggling to disrupt entrenched physician prescribing behaviors for new drugThe company is focused on disrupting the 'entrenched D2 prescribing behavior' for its new drug, Cobenfy, which requires significant physician education. This market adoption challenge signals a need for solutions related to medical education, key opinion leader (KOL) mapping, and commercial effectiveness analytics. | |
| Building a 'transformational platform' for cancer treatment.The company is making a major strategic bet on radiopharmaceuticals, describing it as a 'transformational platform' built through licensing and acquisitions. This long-term initiative signals sustained investment in R&D, specialized manufacturing, and the underlying technology required to support a new modality. | |
| Driving over $1B in savings via strategic productivity initiative.A major corporate initiative is underway to achieve over $1 billion in net savings, with operating expenses already down $100M in Q3. Companies pursuing large-scale efficiency are prime targets for automation, AI, and analytics solutions that optimize processes and reduce operational costs. |
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Source. Quarterly reports (Form 10-Q) filed with the SEC. Every card links to the filing on EDGAR.
Method. Insights are extracted from the filing text and grouped by category. Numbers are quoted from the filing.
Data as of .