COMPANY PROFILE -Bristol-Myers Squibb (BMS)
Business Sector :Pharmaceuticals
Operating Geography :United States, Global
About Bristol-Myers Squibb (BMS) :
Bristol-Myers Squibb (BMS) is an American pharmaceutical company, headquartered in New York City. Their products are sold worldwide (U.S. being the biggest market, contributing 55% to overall revenue) and manufactured in the U.S., Puerto Rico and in five foreign countries. BMS was formed by the 1989 merger of Squibb (founded in 1858 in Brooklyn) and Bristol-Myers (founded in 1887 in Clinton, New York). Their Products can be categorized in the following major therapeutic classes: oncology; cardiovascular; immune-science; and virology, including HIV infection.
Its mission statement states ‘At Bristol-Myers Squibb, our mission is to discover, develop and deliver innovative medicines that help patients prevail over serious diseases.’
Bristol-Myers Squibb (BMS) Revenue :
$20.77 billion – FY ending Dec 2017
$19.43 billion – FY ending Dec 2016
Competitive Analysis of Bristol-Myers Squibb (BMS)
The SWOT analysis for Bristol-Myers Squibb is presented below:
Strengths | Weaknesses |
1. Innovation – New Product Development
2. Strong focus on R&D
3. Strong brand portfolio
4. High credit rating, low borrowing cost
5. Complimentary alliances for vertical integration
6. Strategic investment in sales & marketing
| 1. Revenue dependence on few prioritized brands
2. Weak presence in biologics segment
|
Opportunities | Threats |
1. Growing cancer immunotherapy market
2. Increasing globalization in Pharma industry, opening of new markets through trade agreements
3. Leverage advance digital technologies to transform healthcare
| 1. Increasing competition from generic drugs manufacturers
2. Changes in U.S. or foreign laws and regulations
3. Adverse changes in U.S., global, regional or local economic conditions
|
On purchase the Bristol-Myers Squibb (BMS) SWOT & PESTLE Analysis PDF report will reach you within minutes. At rare times, a slight delay not exceeding 1 hour might be caused.
Detailed SWOT Analysis of Bristol-Myers Squibb (BMS)
Strength
This section is available only in the 'Complete Report' on purchase.
Weakness
1. Revenue dependence on few prioritized brands: If we analyze product wise sales of BMS we can see that top selling prioritized drugs (namely Opdivo, Eliquis, Orencia, Sprycel,Yervoy and Baraclude) constituted around 80% of revenue in year 2017. Revenue share of products shows that the company depends heavily on its key products and lacks differentiation in product portfolio.
2. Weak presence in biologics segment: Biologics have revolutionized the treatment of many serious and chronic illnesses and many companies are investing heavily considering the future potential including BMS, however if we look at the top 10 biologics brand, not a single product is from BMS.
Opportunity
This section is available only in the 'Complete Report' on purchase.
Threat
1. Increasing competition from generic drug manufacturers: One of the biggest competitive challenges that BMS face is from generic pharmaceutical manufacturers. Generic manufacturers typically utilize the expired patents of research pharmaceutical companies and thus they are able to keep their R&D investments significantly low and therefore can price their products significantly lower than branded products. Upon the expiration or loss of market exclusivity on a product, BMS can lose the major portion of revenues of that product in a very short period of time.
2. Changes in U.S. or foreign laws and regulations: In many countries determination of pricing and reimbursement for pharmaceutical product is subject to government control. In most EU countries, for example, the government regulates pricing of a new product at launch often through direct price controls, international price comparisons, controlling profits and/or reference pricing. In recent years, Italy, for example, has imposed mandatory price decreases.
The PESTLE/PESTEL analysis for Bristol-Myers Squibb is presented below:
Political | Economical |
1. Changes in U.S. or foreign laws and regulations
2. Reduction in government spending on healthcare
| 1. Fluctuations in currency market
2. Global Economic uncertainty
|
Social | Technological |
1. Continued aging of the global population
2. Increase in lifestyle-related diseases
| 1. Proliferation in digital health technologies
2. Rise in advanced analytics
|
Legal | Environmental |
1. Changes in IP protection laws
2. Laws to reduce circulation of counterfeit drugs
| 1. Corporate vision aligned with sustainable development to address climate change |
On purchase the Bristol-Myers Squibb (BMS) SWOT & PESTLE Analysis PDF report will reach you within minutes. At rare times, a slight delay not exceeding 1 hour might be caused.
Detailed Pestle Analysis of Bristol-Myers Squibb (BMS)
Political
1. Changes in U.S. or foreign laws and regulations: BMS could become subject to new government laws and regulations, which could negatively affect their business, operating results and the financial condition. These laws can be healthcare reform initiatives imposing mandatory discounts or fees; changing tax rates; new laws affecting pricing; changes in intellectual property laws; new trade laws affecting imports etc.
2. Reduction in government spending on healthcare: Revenue of any pharma company is largely impacted by the changes in government spending on healthcare since many large medical contracts are executed by governments. But there has been instances of healthcare budget cuts for example The European Federation of Pharmaceutical Industries and Associations (EFPIA) estimates that govt. mandated price cuts and discounts in the GIIPS (Greece, Ireland, Italy, Portugal, and Spain) countries brought down the industry’s revenues by more than $8.8 billion in 2010 and 2011. With GIIPS governments continuing their budget cuts, overall pharma sales are expected to fall by $15.9 billion between year 2011 and 2020.
Economic
This section is available only in the 'Complete Report' on purchase.
Social
This section is available only in the 'Complete Report' on purchase.
Technological
1. Proliferation in digital health technologies: Digital health technology is creating a paradigm shift in life sciences. Health data captured by wearable devices, mobile health apps, and social media are being used to transform aspects of health care that earlier seemed beyond the purview of such technologies. These technologies are providing an important platform for Pharma companies to strengthen patient engagement programs and collaborate with other stakeholders. A notable example in respect of BMS is that it has announced collaboration with GRYT Health, a connected health start-up. The collaboration which is a digital pilot initiative will focus on advance cancer care through patient-driven insights.
Legal
This section is available only in the 'Complete Report' on purchase.
Environmental
This section is available only in the 'Complete Report' on purchase.
On purchase the Bristol-Myers Squibb (BMS) SWOT & PESTLE Analysis PDF report will reach you within minutes. At rare times, a slight delay not exceeding 1 hour might be caused.
TABLE OF CONTENTS
DELIVERY AND FORMAT
WHY CHOOSE US?
You may also be interested in other analyses of Bristol-Myers Squibb (BMS):
-
Bristol-Myers Squibb (BMS) Porter's Five Forces Analysis |
|
-
Bristol-Myers Squibb (BMS) VRIO Analysis |
|
-
Bristol-Myers Squibb (BMS) Value Chain Analysis |
|
-
Bristol-Myers Squibb (BMS) Covid-19 Impact Analysis |
|
-
Bristol-Myers Squibb (BMS) BCG Analysis |
|
-
Bristol-Myers Squibb (BMS) Segmentation, Targeting and Positioning (STP) Analysis |
|
-
Bristol-Myers Squibb (BMS) Ansoff Matrix Analysis |
|
Request for Quotation
Bristol-Myers Squibb (BMS)
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Company Overview Report
This report is shared in order to give you an idea of what the complete Company Overview Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
Bristol-Myers Squibb (BMS)
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Competitor Analysis Report
This report is shared in order to give you an idea of what the complete Competitor Analysis Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
Bristol-Myers Squibb (BMS)
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Porter's Five Forces Analysis Report
This report is shared in order to give you an idea of what the complete Porter's Five Forces Analysis Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
Bristol-Myers Squibb (BMS)
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
VRIO Analysis Report
This report is shared in order to give you an idea of what the complete VRIO Analysis Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
Bristol-Myers Squibb (BMS)
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Value Chain Analysis Report
This report is shared in order to give you an idea of what the complete Value Chain Analysis Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
Bristol-Myers Squibb (BMS)
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Regulatory Outlook Report
This report is shared in order to give you an idea of what the complete Regulatory Outlook Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
Bristol-Myers Squibb (BMS)
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Risk Analysis Report
This report is shared in order to give you an idea of what the complete Risk Analysis Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
Bristol-Myers Squibb (BMS)
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Key Performance Indicators (KPI's) Report
This report is shared in order to give you an idea of what the complete Key Performance Indicators (KPI's) Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
Bristol-Myers Squibb (BMS)
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Environmental, Social, and Governance (ESG) Analysis Report
This report is shared in order to give you an idea of what the complete Environmental, Social, and Governance (ESG) Analysis Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
Bristol-Myers Squibb (BMS)
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
M&A Analysis Report
This report is shared in order to give you an idea of what the complete M&A Report and Analysis Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
Bristol-Myers Squibb (BMS)
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Subsidiaries, Partnerships and Collaborations Report
This report is shared in order to give you an idea of what the complete Subsidiaries, Partnerships and Collaborations Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
Bristol-Myers Squibb (BMS)
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Stakeholder Analysis Report
This report is shared in order to give you an idea of what the complete Stakeholder Analysis Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
Bristol-Myers Squibb (BMS)
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Technology Landscape and Outlook Report
This report is shared in order to give you an idea of what the complete Technology Landscape and Outlook Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
Bristol-Myers Squibb (BMS)
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Covid-19 Impact Analysis Report
This report is shared in order to give you an idea of what the complete Covid-19 Impact Analysis Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
Bristol-Myers Squibb (BMS)
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Key News and Events Report
This report is shared in order to give you an idea of what the complete Key News and Events Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
Bristol-Myers Squibb (BMS)
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
BCG Analysis Report
This report is shared in order to give you an idea of what the complete BCG Analysis Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
Bristol-Myers Squibb (BMS)
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Digital Marketing and Social Media Strategy Analysis Report
This report is shared in order to give you an idea of what the complete Digital Marketing and Social Media Strategy Analysis Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
Bristol-Myers Squibb (BMS)
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Segmentation, Targeting and Positioning (STP) Analysis Report
This report is shared in order to give you an idea of what the complete Segmentation, Targeting and Positioning (STP) Analysis Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
Bristol-Myers Squibb (BMS)
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Ansoff Matrix Analysis Report
This report is shared in order to give you an idea of what the complete Ansoff Matrix Analysis Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Check Out Analysis of Other Relevant Companies
References used in Bristol-Myers Squibb (BMS) SWOT & PESTLE Analysis Report
1. Bristol-Myers Squibb Annual Report 2016:
https://bms2016oar.q4web.com/Y2016/default.aspx
https://www.bms.com/about-us/responsibility/access-to-medicines-in-the-developing-world/research-and-development.html
2. Bristol-Myers Squibb Company Analysis
https://www.nasdaq.com/symbol/bmy
3. BMS areas of focus
https://www.bms.com/researchers-and-partners/areas-of-focus.html
4. Most Innovative Companies
https://www.fastcompany.com/company/bristol-myers-squibb
5. Reshaping Bristol-Myers-Squibb
https://www.bcg.com/en-in/publications/2017/transformation-value-creation-strategy-bristol-myers-squibb-reshaping-portfolio.aspx
6. BMS list of products
https://www.bms.com/patient-and-caregivers/our-medicines.html
7. Product sales summary
https://www.bms.com/investors/financial-reporting/product-sales-summary.html
8. Top 10 Biologic Drugs in the United States
https://www.thebalance.com/top-biologic-drugs-2663233
9. The top 15 spenders in the global drug R&D business: 2017
https://endpts.com/special/top-research-budgets-in-pharma-and-biotech/
10. From vision to decision: Pharma 2020
https://www.pwc.com/gx/en/pharma-life-sciences/pharma2020/assets/pwc-pharma-success-strategies.pdf
11. Awards and achievements
https://www.bms.com/about-us/our-company/achievements.html
12. Cancer immunotherapy market race
https://www.reuters.com/article/us-health-cancer-pharmaceuticals/rivals-chase-bristol-myers-in-cancer-immunotherapy-drug-race-idUSKCN0VZ1VC
13. World Population Prospects: The 2017 Revision; Gloabl Pharma Prospects
https://www.un.org/development/desa/publications/world-population-prospects-the-2017-revision.html
https://pharmaceuticalcommerce.com/business-and-finance/global-pharma-market-will-reach-1-12-trillion-2022/
14. Environmental Performance
https://www.bms.com/about-us/sustainability/environment.html
15. Sustainability 2020 Goals
https://www.bms.com/about-us/sustainability/goals-and-key-indicators/sustainability-2020-goals.html
How to Reference This Page?
You can use the following in your reference section in order to give credit to the source. For different referencing styles and detailed guidelines, please click here.
Bristol-Myers Squibb (BMS) SWOT & PESTLE Analysis - SWOT & PESTLE.COM
SWOT & PESTLE.com (2022). Bristol-Myers Squibb (BMS) SWOT & PESTLE Analysis - SWOT & PESTLE.com. [online] Available at: https://www.swotandpestle.com/bristol-myers-squibb/ [Accessed 02 Jul, 2022].
In-text: (SWOT & PESTLE.com, 2022)
Copyrights and Disclaimer
Bristol-Myers Squibb (BMS) SWOT and PESTLE analysis has been conducted by Sachin Mishra and reviewed by senior analysts from Barakaat Consulting.
Copyright of Bristol-Myers Squibb (BMS) SWOT and PESTLE Analysis is the property of Barakaat Consulting. Please refer to the Terms and Conditions and Disclaimer for usage guidelines.