Stock Watch: Smiles And Survivorship In BMS’s Q2 Earnings

Portfolio Reclassifications Can Be Double-Edged

Grouping products into 'growth' or 'launches' is a statement of high expectations. Reporting sales in China has had similar growth connotations, until recently.      

Andy Smith
ANDY SMITH OFFERS A LIFE SCIENCE INVESTOR'S PERSPECTIVE ON BIOPHARMA BUSINESS

It must have been all smiles at Bristol Myers Squibb Company (BMS) when its second-quarter earnings announcement propelled its stock price up by over 11%, more than double the stock price response to other life science earnings reports up to that point. On the same day the NYSE Arca Pharmaceutical Index (DRG) closed barely into positive territory.

BMS reported second-quarter total revenues that grew by nearly 9% on the same quarter of 2023, by almost 3% on...

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