Bristol Myers Squibb Paper

In: Business and Management

Submitted By fruitloopeater
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Company Overview

Company Overview Bristol Myers Squibb (BMS) is a world-wide Bio-Pharmaceutical company which focuses on “discovering, developing, and delivering innovative medicines that helps patients prevail over serious diseases” (BMS 1). In 1887, John Ripley Myers and William McLaren Bristol bought a near-bankrupt pharmaceuticals company centered in Clinton, New Jersey. Today, the company as a whole focuses primarily on developing medicines to fight cancer, hepatitis, HIV/AIDS, and diabetes, but the beginnings years of the company had an extremely different outlook. It took nearly fifteen years before the company started turning a profit, but ever since the turn of the century in 1900, BMS has been able to stay in the black. The company’s first two successful products was the first toothpaste to include a disinfectant called Ipana, and a laxative mineral salt called Sal Hepatica. By 1924, the company had gone international and profited a million dollars for the first time. Bristol Myers Squibb was also able to issue stock for the first time in 1929, as it was traded on the New York Stock Exchange. Throughout the 1960’s and 1970’s, the company was able to expand into the baby formula and antibiotics market, as well as creating the first electronic toothbrush. In 2001, the company was voted the “Most Admired Pharmaceutical Company” by Fortune Magazine, and today the company has continued its progression into the fields of oncology and antibiotics. Bristol Myers Squibb continues to set high standards for itself and the pharmaceutical industry as a whole, as they have announced several partnerships to develop breakthrough treatments for diabetes, heart disease, HIV, Alzheimer’s, and many different fields within oncology. To date, Bristol Myers Squibb has several consumer health products sold over the counter, as well as numerous prescription medications.…...

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