Second Quarter 2022
Second quarter 2022 results reflect continued in-line product growth, strong momentum across the new product portfolio and continued pipeline progress.
TOTAL NET SALES
YoY 2% increase; or 5% When
YoY 18% increase
Adjusted for Foreign Exchange**
*Includes net impact of ($0.14) per share for GAAP and non-GAAP EPS due to Acquired IPRD charges and licensing income. Acquired IPRD refers to certain in-process research and development (“Acquired IPRD”) charges resulting from upfront
or contingent milestone payments in connection with asset acquisitions or licensing of third-party intellectual property rights.
TOTAL NET SALES
$7.44 – $7.742
1The 2022 financial guidance excludes the impact of any potential future strategic acquisitions and divestitures, and any specified items that have not yet been identified and quantified. The financial guidance is subject to risks and uncertainties applicable to all forward- looking statements as described elsewhere in the document and impact of future Acquired IPRD and charges that may result from the acquisition of Turning Point. Both GAAP and non-GAAP guidance assume current exchange rates.
2GAAP and non-GAAP earnings per share include the net impact of ($0.24) from Acquired IPRD and licensing income incurred year-to- date 2022.
pipeline have given us significant opportunities to drive continued growth, starting with anticipated approval for deucravacitinib in moderate to severe plaque psoriasis and the expected transition of milvexian, our next generation anti-thrombotic, to phase 3 development. With our financial strength and dedicated workforce, we are well positioned to help more patients and drive long-term value for our shareholders.
– Giovanni Caforio, M.D.
Board Chair and Chief Executive Officer
Delivering sustained growth and innovation
In-line Products performance:
YoY % Increase of 9%
Excluding Foreign Exchange,
YoY % Increase of 13%
New Product Portfolio performance:
$482M in Q2 2022 vs. $225M in Q2 2021
Achieving key milestones
BMS maintains a consistent, balanced approach to capital allocation, focused on leveraging strong cash flow generation to invest in internal and external innovation, reducing debt and returning cash to shareholders.
Strong Financial Foundation
Cash and Marketable
Environmental, social and governance highlights
As a leading biopharma company, we understand our responsibility extends well beyond the discovery, development, and delivery of innovative medicines. Our evolving Environmental, Social, and Governance (ESG) strategy builds on a legacy of comprehensive and global sustainability efforts. To learn more about our priorities and goals, please visit our latest ESG report.
On June 14, 2022, Deepak L. Bhatt, MD, MPH was elected to BMS’ Board of Directors where he will serve as a member of the Science & Technology Committee. The size of the Board was increased to eleven in connection with the election of Dr. Bhatt.
In July, the company, in collaboration with Disability Solutions, announcedthe launch of the Disability Diversity in Clinical Trials (DDiCT) initiative to improve clinical trial participation of people with disabilities to ensure all patient groups are reflective of the real-world population and aligned with the epidemiology of the disease studies.
Embracing environmental stewardship
2024 Science-based emissions reduction targets established
2030 100% renewable electricity
2040 Net neutral GHG
100% EV fleet
100% equitable water use
Zero waste to landfill
Promoting product quality & safety
Cultivating diversity, equity & inclusion
Ensuring health equity, patient access & innovation
2021 ≥ 25% new clinical trial sites in diverse metro areas
2022 Gender parity at executive level
2X representation for Black/African American & Hispanic/Latino executives
2025 $1B spend with diverse suppliers
Maintaining highest ethics, integrity & compliance
Upholding Board oversight & accountability
Experienced & diverse Board
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Bristol-Myers Squibb Company published this content on 27 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2022 11:13:09 UTC.