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...








