About the Company
Headquartered in 430 East 29th Street, New York City, Bristol-Myers Squibb is an American Pharmaceutical company. It is also known as BMS, and its origin dates back to 1885 when Dr Edward Robinson Squibb, opened his first laboratory in Brooklyn, New York.
Soon after that in 1887, William Bristol and John Myers purchased the failing Clinton Pharmaceutical Company, and by 1899 it officially became Bristol-Myers Company. After the death of Dr Squibb, the company was left to his two sons in 1900. Dr Squibb aimed to provide safe and reliable medication to everyone and Bristol and Myers aimed to refrain from selling “quack remedies”.
With similar aims, the two companies collaborated for the first time in 1956 for early Cancer research. After more than three decades in 1989, the two companies officially merged to form the Bristol-Myers Squibb Company. Together, it became the world’s second-largest pharmaceutical company. Its first medicine introduced was PARAPLATIN.
Since then it has developed an array of medicines for critical diseases, including AZACTAM, ELIQUIS, IDHIFA, BARACLUDE, OPDIVO, INREBIC, VIDAZA, etc. The company also offers its legacy products such as ATRIPLA, LYSODREN, PLAVIX, VIDEX, COUMADIN, etc.
BMS focuses on four broad areas that are Immunoscience, Oncology, Fibrosis and Cardiovascular. It also focuses on ten drug platforms, namely Epigenetics, RNA Oligonucleotides, Antibody-Drug Conjugates, Small Molecules, Cell Therapy, Gene Therapy, Protein Homeostasis, Drug Delivery Technology, Millamolecules and Biologics.
The company started to expand by acquiring and merging with other established businesses. Between 2009 and 2020 it acquired Medarex in 2009, ZymoGenetics in 2010, iPierian in 2014, Flexus Biosciences in 2015, Padlock Therapeutics in 2016, IFM Therapeutics in 2017 and Clegen in 2019.
In 1998 it was awarded the National Medal of Technology by Bill Clinton for its innovative pharmaceutical research and efforts towards enhancing human life. It is the most prestigious award in the field of technological innovation in the US.
It was back in 1929 when Bristol and Myers went public under the symbol BMY. In its trading history under the New York Stock Exchange.;
Organisation | Bristol-Myers Squibb Co |
Industry | Drug Manufacturers—General |
HeadQuarters | New York, NY |