- Business
- Bristol-Myers Squibb Company is a global biopharmaceutical corporation engaged in the discovery, development, licensing, manufacturing, marketing, distribution, and sale of pharmaceutical products worldwide. The company’s core products and services include biopharmaceutical therapies targeting oncology, immunology, cardiovascular disease, and fibrosis. Key product categories include specialty pharmaceuticals such as cancer immunotherapies; oral targeted therapies; immunology drugs including treatments for autoimmune diseases and plaque psoriasis; cardiovascular treatments; and next-generation cell therapies including CAR T-cell therapies. Notable brands and products include Eliquis, Revlimid, and the oral TYK2 inhibitor Sotyktu, which is used for plaque psoriasis.
Founded in 1887 and headquartered in Princeton, New Jersey, Bristol Myers Squibb operates globally with a strong presence in the United States, Europe, and other international markets. The company has expanded its oncology and immunology portfolio through a series of significant acquisitions in recent years, including Mirati Therapeutics in January 2024 for $4.8 billion plus milestone payments, Karuna Therapeutics in March 2024 for $14 billion, and the purchase of Turning Point Therapeutics in August 2022 for $4.1 billion. In 2025, Bristol Myers Squibb further diversified its cell therapy portfolio by acquiring Orbital Therapeutics for $1.5 billion, enhancing its pipeline with RNA-based experimental therapies targeting autoimmune disorders.
Recent strategic initiatives include launching a direct-to-patient platform offering significant discounts on therapies such as Sotyktu, aiming to improve patient access and affordability. The company also invests in artificial intelligence collaborations to improve drug discovery efficiency and precision in clinical trials. Continued product innovation is expected, with plans to launch 16 new products through 2030, underscoring a growth strategy focused on specialty biopharma segments with high unmet medical needs. Bristol Myers Squibb’s operations are supported by a robust network of partnerships and subsidiaries, solidifying its position in the pharmaceutical industry as a leader in innovative biopharmaceutical solutions.
These activities reflect Bristol Myers Squibb's transformation from a diversified pharmaceutical company to a specialty biopharma leader focusing on advanced therapies in oncology, immunology, and cardiovascular diseases, backed by strategic acquisitions, cutting-edge technology partnerships, and patient-centric service offerings.