Bristol Myers Squibb, commonly known as BMS is a pharmaceutical company based in the United States. The company was founded in 1887 in Clinton, New York, the United States by William McLaren Bristol, E. R. Squibb, and John Ripley Myers. New York is also the primary Bristol Myers Squibb location. Bristol Myers Squibb is one of the oldest and largest pharmaceutical companies in America. The company produces prescription pharmaceuticals as well as biologics. It is currently working in several fields including cancer, AIDS, hepatitis, and diabetes etcetera. It also does not lack in research and development area. The Bristol Myers Squibb locations for R&D are in various countries.
Bristol Myers Squibb on Map
|HQ:||345 Park Ave, New York, United States|
|Traded as:||NYSE: BMY|
|Founded:||January 29, 1892|
|Founders:||William McLaren Bristol, John Ripley Myers and E. R. Squibb|
|Business data:||Google Finance / Yahoo! Finance / SEC filings|
What is Bristol Myers Squibb?
Bristol Myers Squibb is a pharmaceutical company founded in the United States. It is considered one of the largest pharmaceutical companies in the world. BMS was founded 134 years ago and in these 134 years, it has proved that it is easily one of the most reputable and trusted pharmaceutical companies.
The company is known globally for its innovative and medications and research capabilities. It has made medicines for some of the most challenging diseases of the 19th, 20th, and 21st centuries.
The major subsidiaries of Bristol Myers Squibb are Celgene, Juno Therapeutics, E. R. Squibb & Sons, L.L.C., Medarex, and RAPT Therapeutics.
Where is Bristol Myers Squibb headquarters located?
The headquarters of Bristol Myers Squibb is located in New York, New York, United States. The exact address of their headquarters is 345 Park Avenue, NY 10154, New York, United States. They also have 56 corporate offices across 21 countries.
How do I contact Bristol Myers Squibb Corporate?
There are 4 phone numbers by which you can contact Bristol Myers Squibb Corporate.
- Customer and Community Relations 1-800-332-2056
- Report Side Effect or Product Quality Complaints 1-800-721-5072
- Medical Information Contact Center 1-800-321-1335
- BMS Covid-19 Patient Support Program 1-800-721-8909
Note: All of these helpline phone numbers are only applicable in United States and you can only contact Medical Information department in week days from 8 am to 8 pm.
Bristol Myers Squibb History
In 1858, The Squibb Corporation was founded by Edward Robinson Squibb in Brooklyn, New York, United States. On October 25, 1900, Edward Squibb passed away and after his death, in 1905, his sons sold the Squibb Corporation Lowell M. Palmer and Theodore Weicker.
William McLaren Bristol and John Ripley Myers, who were graduates of Hamilton College in 1887 bought Clinton Pharmaceutical Company and in 1898, they changed the name of the company to Bristol, Myers, and Company. William McLaren Bristol again changed the name to Bristol-Myers Corporation after the death of John Ripley Myers. The Bristol-Myers Corporation became a publicly-traded company in 1933 after the great depression.
The Squib Corporation and Bristol-Myers Corporation were merged in 1989 and a new pharmaceutical company, Bristol Myers Squibb came into being. This new company made huge records of success. The US President in 1999 awarded Bristol Myers Squibb with a National Medal of Technology.
In 2005, the revenue of Bristol Myers Squibb touched $18 billion which was a huge achievement of the company and in 2020, it was around $40 billion. Today, the company is included in the most successful pharmaceutical companies and the future of this company looks more amazing.
Bristol Myers Squibb is an American company that manufactures prescription medications and biologics. BMS has worked on several viral diseases, infections, and viruses during its presence of 134 years and has always been successful.
The mission of the company is to fabricate and distribute medicines for patients to ensure their rapid and smooth recovery. BMS is very likely to achieve its goals because of its dedication and flawless management.
Bristol Myers Squibb CEO and key executive team
|Giovanni Caforio||Chairman of the Board and Chief Executive Officer|
|Tunde Bello||Vice President, Clinical Pharmacology, and Pharmacometrics, Central New Jersey|
|Rupert Vessey||Executive Vice President and President, Research and Early Development|
|Brian Heaphy||Vice President, Corporate Development|
|Theodore R. Samuels||Lead Independent Director|
|Source: bms.com, bms.com, bms.com, news.bms.com|
What makes Bristol Myers Squibb successful?
There are plenty of factors that make Bristol Myers Squibb a successful pharmaceutical company and make it stand out among other companies but the most prominent factors are its research capabilities, reliability, and quality products.
BMS manages to manufacture a new formula for any disease before any other company. This is because the research and development department of Bristol Myers Squibb is extremely efficient and inventive.
One more thing which makes it a successful company is that people consider it a reliable brand. Reliability is the reason why people prefer BMS over other pharmaceutical companies. BMS has created a very reputable brand name in the pharmaceutical industry which helped it a lot in capitalizing on the market.
Another factor behind its success is that the company never compromises on the quality of its products. One can never find any substandard product of Bristol Myers Squibb. These things are accountable for the rapid and smooth growth of BMS.
Top 5 biggest Bristol Myers Squibb Competitors or Alternatives
1.Merck & Co.
Merck & Co. is another American pharmaceutical company. It was founded in 1891 in New York by George Merck. It is the largest business rival of Bristol Myers Squibb.
The company is also mentioned in the Fortune 500 list at 69th position. It is also listed on the Forbes Global 2000 at 92nd rank.
Johnson and Johnson which is also known as J&J is a multinational corporation based in the United States. It came into being in 1886 by Robert Wood Johnson, James Wood Johnson, and Edward Mead Johnson. J&J is not particularly a pharmaceutical company but it produces medical devices and drugs etcetera.
On the list of Fortune 500 largest United States Corporations, it was ranked No. 36th based on its annual revenue.
GSK, an abbreviation of Glaxo Smith Kline is a well-known multinational pharmaceutical company in the United Kingdom. GSK is headquartered in London, UK. It was founded in 2000 so, it’s relatively a newly founded company. GSK produces different types of pharmaceuticals, nutritional products, vaccines for viral infections and diseases, and much more.
GSK has grown a lot in the past few years but it is still much behind other pharmaceutical companies.
Abbvie is an American biopharmaceutical company founded in 2013 in Delaware, United States. The company is very new in the market as compared to its competitors and it is very difficult for Abbvie to capitalize on the market which is already monopolized.
The Abbott company was divided into two companies in 2013. One of which was Abbvie. It is a research-focused pharmaceutical company.
5. Eli Lilly and Company
Eli Lilly and Company is also an American pharmaceutical company. It was founded in 1876 by Eli Lilly who was a businessman and pharmacist. Eli Lilly and Company has its corporate offices in 18 countries and its products are sold in around 125 countries.
In 2019, the company was ranked 123rd on the Fortune 500 list. Strong competition exists between Eli Lilly and Company and Bristol Myers Squibb.
Top Fun Facts About Bristol Myers Squibb
- Two companies merged to form it:
In 1989, The Squibb Corporation and Bristol-Myers Corporation merged to form Bristol Myers Squibb.
- It is not in the top 10:
You would be surprised to know that Bristol Myers Squibb is not on the list of the ten largest pharmaceutical companies. It is ranked 11th.
- Funds for R&D:
Around 11% of the annual revenue of BMS goes for the research and development of new medications. That is why BMS is known for its extraordinary research and development skills.
- Number of drugs it manufactures:
BMS is a very large company but it only produces or markets 36 types of drugs which as compared to other pharmaceutical companies is a very small figure.
- Dividends of Bristol Myers Squibb:
The dividend amount on stocks of Bristol Myers Squibb has been increasing for 11 consecutive years which makes it a great investment.
Why Bristol Myers Squibb Deserves a Place in Your Portfolio?
1. The acquisitions it has made
The company has recently made a lot of acquisitions which is why Bristol Myers Squibb stock is currently in a dip.
So, it can be considered a good time to invest in BMS.
2. Its share buyback program
Bristol Myers Squibb is buying its shares back because of which, the prices of their shares will increase a lot in the future.
2021 is the best time to buy Bristol Myers Squibb stocks.
3.Dividends of Bristol Myers Squibb
The dividend amount which is given on Bristol Myers Squibb stock has been increasing for years and in the future, it will keep on growing.
So, if someone is looking for a passive income from stocks, Bristol Myers Squibb stock is a great buy.
4.The increased need for medications
Because of the pandemic, the medical need of the public has been considerably increased.
Currently, almost all pharmaceutical companies are advancing in their profits. It is a great reason to invest in BMS.
5. An increasing number of drugs
Because of the increasing needs of the world, all pharmaceutical companies including BMS, are introducing new drugs every day.
It ensures the growth of the company in the future. Buying Bristol Myers Squibb stocks would not be a bad decision.
Top 5 Job Sites for Bristol Myers Squibb Job Opening:
You can find jobs in Bristol Myers Squibb on following websites.
When did Bristol Myers Squibb go public?
Bristol Myers Squibb became a publicly-traded company in 1933. The stock symbol of BMS is NYSE: BMY.
Does Bristol Myers Squibb pay dividends?
The board of directors of Bristol Myers Squibb has announced that a dividend of 50 cents ($0.50) will be paid per share to shareholders. As compared to other pharmaceutical companies, their dividend percentage is very less. The dividend is paid 4 times a year.
Who is the auditor of Bristol Myers Squibb?
The previous auditor of Bristol Myers Squibb was PricewaterhouseCoopers but in 2006, BMS dismissed PricewaterhouseCoopers. Currently, Deloitte is the auditor of BMS. Deloitte was ranked in 7th position on Fortune’s best big companies.
What are 3 drugs produced by Bristol Myers Squibb?
The company produces a lot of drugs every year but their most famous three drugs are Eliquis, Opdivo, and Orencia. The three-fourth sales of the company were of these three drugs in 2019.
What is unique about Bristol Myers Squibb?
The research and development capabilities of Bristol Myers Squibb make it a unique company in the pharmaceutical market. The company makes medicines for newly born diseases with the help of R&D. This is also the reason behind the success of BMS.
How much cash does Bristol Myers Squibb have?
In the years 2017, 2018, and 2019, Bristol Myers Squibb had around $6,812, $8,759, $15,393 million cash in hand respectively. In 2020, the company had around $15,831 million cash in hand.
In this article, we have discussed Bristol Myers Squibb, the company which is listed among the most successful pharmaceutical companies in the world. We did a detailed analysis of the growth of the company, its performance, stock, rivalries, and its history. Bristol Myers Squibb is an example of a perfect pharmaceutical company.
To put it briefly, we can say that the past growth and ability to tackle tough situations of the company prove that in the future, it will be more successful and may it become the largest in the United States or even in the world.
The most famous Bristol Myers Squibb locations are Lawrence (New Jersey, United States), Boudry (Switzerland), Tokyo (Japan), Wirral (United Kingdom).