Bristol’s New Products Meet Early Launch Expectations

Even So, Currency Changes Lead To Lowered Revenue Guidance

 
• By Mandy Jackson
  
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Sales rose significantly for Reblozyl and for Abecma and Breyanzi, despite manufacturing challenges for the two cell therapies. Newly approved Opdualag and Camzyos are off to encouraging starts.

SECOND QUARTER text on a sticker on notebook, wooden background
Bristol's Q2 revenue of $11.89bn exceeded analyst consensus • Source: Shutterstock

Even with second quarter sales of its former top-seller Revlimid (lenalidomide) down 22% from Q2 of last year due to generic competition in the US and EU, Bristol Myers Squibb Company reported total revenue of $11.89bn on 27 July, beating analyst consensus of $11.42bn for the quarter. Blockbusters, including Eliquis (apixaban) and Opdivo (nivolumab) accounted for most of the dollar growth, but newer products saw big percentage gains and had encouraging initial launches.

But while Bristol still expects growth for its in-line and new product portfolio, with no change in its guidance of...

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