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Mentions of the Materia Medica , Squibb products, and Edward Squibb's opinion on the utility and best method of preparation for various medicants are found in many medical papers of the late s. In , they decided to rename it Bristol, Myers and Company. The first nationally recognized product was Sal Hepatica , a laxative mineral salt in Its second national success was Ipana toothpaste, from through the s.
After the war, the company renamed the plant Bristol Laboratories in and entered the civilian antibiotics market, where it faced competition from Squibb, which had opened the world's largest penicillin plant in in New Brunswick, New Jersey. Bristol-Myers and Squibb merged in , with Bristol-Myers as the nominal survivor. The merged company became Bristol-Myers Squibb. In , President Clinton awarded Bristol-Myers Squibb the National Medal of Technology , the nation's highest recognition for technological achievement, "for extending and enhancing human life through innovative pharmaceutical research and development and for redefining the science of clinical study through groundbreaking and hugely complex clinical trials that are recognized models in the industry.
The company was involved in an accounting scandal in that resulted in a significant restatement of revenues from to The restatement was the result of an improper booking of sales related to " channel stuffing " as the practice of offering excess inventory to customers to create higher sales numbers. Attorney in New Jersey. An investigation of the company was made public in July , and the FBI raided the company's corporate offices. The investigation centered on the distribution of Plavix and charges of collusion.
Later that day, BMS announced that Dolan would indeed step down. The Deferred Prosecution Agreement expired in June and the Department of Justice did not take any further legal action against the company for matters covered by the DPA. In , a major restructuring involves focusing on the pharmaceutical business and biologic products, along with productivity initiatives and cost-cutting and streamlining business operations through a multi-year program of on-going layoffs.
As another cost-cutting measure Bristol-Myers also reduced subsidies for health-care to retirees and plans to freeze their pension plan at the end of According to Bristol-Myers Squibb, this move was expected to further sharpen the company's focus on biopharmaceuticals.
BMS is a Fortune Company in list. In October , the company acquired ZymoGenetics, securing an existing product as well as pipeline assets in hepatitis C, cancer and other therapeutic areas. Lamberto Andreotti was named CEO this year; he had previously served as "president and COO responsible for all pharmaceutical operations worldwide. The settlement will be finished in 2 months for its Inhibitex's shareholders acceptance of percent premium price of its price over the previous 20 trading days ended on January 6.
In May , Dr. In late February , the Wall Street Journal and Fortune - among others - reported that activist investor, Carl Icahn , had taken a stake in the company, signalling a potential future takeover   from the likes of Gilead Sciences.
The following is an illustration of the company's major mergers and acquisitions and historical predecessors this is not a comprehensive list:. Adnexus Therapeutics  Acq Kosan Biosciences  Acq Mead Johnson Spun off Amira Pharmaceuticals  Acq Amylin Pharmaceuticals Acq jointly with AstraZeneca. Flexus Biosciences Acq Cormorant Pharmaceuticals Acq . IFM Therapeutics Acq The following is a list of key pharmaceutical products: Infectious diseases, including HIV infection and associated conditions.
The following is a selective list of investigational products under development, as of From Wikipedia, the free encyclopedia. It is not to be confused with Squib disambiguation. In contrast to traditional chemotherapies and targeted anti-cancer therapies, which exert their effects by direct cytotoxic or tumor growth inhibition, nivolumab acts by inducing the immune system to attack the tumor.
At one time, BMS held the solitary contract to harvest the bark of endangered yew trees on United States territory for the manufacture of chemotherapy drug paclitaxel Taxol. Current paclitaxel production comes from renewable sources. Securities and Exchange Commission.
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Cormorant Pharmaceuticals Acq .