Bristol Myers Squibb Strategizes New Drug Launches to Counter Patent Expirations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 30 2025
0mins
Should l Buy BMY?
Source: Fool
- Patent Crisis: Bristol Myers Squibb faces patent expirations for key products including Eliquis and Opdivo, which are projected to significantly impact future revenues, especially as these drugs generated a combined $18.4 billion in sales in 2025, accounting for 51% of total revenue.
- New Drug Launch: The newly approved subcutaneous version of Opdivo, Opdivo Qvantig, is expected to replace the original intravenous formulation, enhancing patient convenience while maintaining efficacy, thereby mitigating revenue losses post-patent expiration.
- Sales Growth Potential: The company's cancer drugs Opdualag and Breyanzi are on track to exceed $1 billion in sales for fiscal 2025, with Reblozyl already in blockbuster territory, indicating strong potential in new drug development.
- Robust Dividend Policy: With a dividend yield exceeding 4.6% and a 66% increase over the past decade, Bristol Myers Squibb offers stable returns to investors while maintaining sufficient cash flow for further R&D investments.
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Analyst Views on BMY
Wall Street analysts forecast BMY stock price to fall
20 Analyst Rating
8 Buy
11 Hold
1 Sell
Moderate Buy
Current: 61.730
Low
37.00
Averages
55.86
High
68.00
Current: 61.730
Low
37.00
Averages
55.86
High
68.00
About BMY
Bristol-Myers Squibb Company is a global biopharmaceutical company. It is engaged in the discovery, development and delivery of transformational medicines for patients facing serious diseases in areas: oncology, hematology, immunology, cardiovascular, neuroscience and other areas. Its growth portfolio includes Opdivo (nivolumab), Opdivo Qvantig (nivolumab and hyaluronidase-nvhy), Yervoy (ipilimumab), Reblozyl (luspatercept-aamt), Opdualag (nivolumab and relatlimab-rmbw), Breyanzi (lisocabtagene maraleucel), Camzyos (mavacamten), Zeposia (ozanimod), Abecma (idecabtagene vicleucel), and Sotyktu (deucravacitinib). Its other growth products include Onureg, Inrebic, and Empliciti. Its legacy portfolio includes Eliquis (apixaban), Revlimid (lenalidomide), Pomalyst/Imnovid (pomalidomide), Sprycel (dasatinib), and Abraxane (paclitaxel albumin-bound particles for injectable suspension). Opdivo (nivolumab) is a fully human monoclonal antibody that binds to the PD-1 on T and NKT cells.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Patient Improvement: Among the 44 patients in the trial, those treated with Camzyos exhibited consistent improvements across various heart performance metrics, including reduced obstruction and changes in heart structure, highlighting the drug's effectiveness and potential market in adolescent patients.
- Safety Assessment: The safety profile of Camzyos was encouraging, with side effect rates similar between the drug and placebo groups, and no new safety concerns identified during the study, further bolstering its prospects for use in younger patients.
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- Safety Profile: The safety profile of Camzyos in adolescents was comparable to that in adults, with no new safety signals identified and no patients experiencing left ventricular ejection fraction (LVEF) below 50%, providing reassurance for its use in this population.
- Multiple Improvements: In addition to the primary endpoint, Camzyos showed significant improvements in several secondary endpoints, including LV obstruction and diastolic function, reinforcing its position as a leading treatment option for adolescents with obstructive hypertrophic cardiomyopathy.
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