Item 16. FORM 10-K SUMMARY.
63K characters. Original on sec.gov ·
Item 16. FORM 10-K SUMMARY.
None.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.
| BRISTOL-MYERS SQUIBB COMPANY (Registrant) | ||||||||
| By | /s/ CHRISTOPHER BOERNER, Ph.D. | |||||||
| Christopher Boerner, Ph.D. | ||||||||
| Chair of the Board and Chief Executive Officer | ||||||||
| Date: February 12, 2025 |
Pursuant to the requirements of the Securities Exchange Act of 1934, this Report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
| Signature | Title | Date | ||||||||||||
| /s/ CHRISTOPHER BOERNER, Ph.D. | Chair of the Board and Chief Executive Officer | February 12, 2025 | ||||||||||||
| (Christopher Boerner, Ph.D.) | (Principal Executive Officer) | |||||||||||||
| /s/ DAVID V. ELKINS | Chief Financial Officer | February 12, 2025 | ||||||||||||
| (David V. Elkins) | (Principal Financial Officer) | |||||||||||||
| /s/ PHIL M. HOLZER | Senior Vice President and Corporate Controller | February 12, 2025 | ||||||||||||
| (Phil M. Holzer) | (Principal Accounting Officer) | |||||||||||||
| /s/ PETER J. ARDUINI | Director | February 12, 2025 | ||||||||||||
| (Peter J. Arduini) | ||||||||||||||
| /s/ DEEPAK L. BHATT. M.D. MPH | Director | February 12, 2025 | ||||||||||||
| (Deepak L. Bhatt, M.D. MPH) | ||||||||||||||
| /s/ JULIA A. HALLER, M.D. | Director | February 12, 2025 | ||||||||||||
| (Julia A. Haller, M.D.) | ||||||||||||||
| /s/ MICHAEL R. MCMULLEN | Director | February 12, 2025 | ||||||||||||
| (Michael R. McMullen) | ||||||||||||||
| /s/ MANUEL HIDALGO MEDINA, M.D., Ph.D. | Director | February 12, 2025 | ||||||||||||
| (Manuel Hidalgo Medina, M.D., Ph.D.) | ||||||||||||||
| /s/ PAULA A. PRICE | Director | February 12, 2025 | ||||||||||||
| (Paula A. Price) | ||||||||||||||
| /s/ DERICA W. RICE | Director | February 12, 2025 | ||||||||||||
| (Derica W. Rice) | ||||||||||||||
| /s/ THEODORE R. SAMUELS | Director | February 12, 2025 | ||||||||||||
| (Theodore R. Samuels) | ||||||||||||||
| /s/ KAREN H. VOUSDEN, Ph.D. | Director | February 12, 2025 | ||||||||||||
| (Karen H. Vousden, Ph.D.) | ||||||||||||||
| /s/ PHYLLIS R. YALE | Director | February 12, 2025 | ||||||||||||
| (Phyllis R. Yale) |
SUMMARY OF ABBREVIATED TERMS
Bristol-Myers Squibb Company and its consolidated subsidiaries may be referred to as Bristol Myers Squibb, BMS, the Company, we, our or us in this 2024 Form 10-K, unless the context otherwise indicates. Throughout this 2024 Form 10-K, we have used terms which are defined below:
| 2024 Form 10-K | Annual Report on Form 10-K for the fiscal year ended December 31, 2024 | MAA | Marketing Authorization Application | ||||||||
| 2021 Plan | 2021 Stock Award and Incentive Plan | MCL | mantle cell lymphoma | ||||||||
| 2seventy bio | 2seventy bio, Inc. | MCO | Managed Care Organization | ||||||||
| 340B Program | 340B Drug Pricing Program | MDS | myelodysplastic syndromes | ||||||||
| 2024 Senior Unsecured Notes | Aggregate principal amount of $13.0 billion of unsecured senior notes issued by BMS in February 2024 | Merck | Merck & Co., Inc. | ||||||||
| AbbVie | AbbVie Inc. | MF | myelofibrosis | ||||||||
| ADC | antibody-drug conjugate | Mirati | Mirati Therapeutics, Inc. | ||||||||
| aGVHD | acute graft-versus-host disease | MPM | Malignant Pleural Mesothelioma | ||||||||
| Amgen | Amgen Inc. | MS | Multiple Sclerosis | ||||||||
| Amylin | Amylin Pharmaceuticals, Inc. | MSI-High | microsatellite instability-high | ||||||||
| ANDA | abbreviated New Drug Application | MyoKardia | MyoKardia, Inc. | ||||||||
| ASC | Accounting Standards Codification | NAV | net asset value | ||||||||
| ASR | Accelerated Share Repurchase | NDA | New Drug Application | ||||||||
| AstraZeneca | AstraZeneca PLC | Nimbus | Nimbus Therapeutics, LLC | ||||||||
| BCMA | B-cell maturation antigen | NKT | natural killer T | ||||||||
| Biogen | Biogen, Inc. | Novartis | Novartis Pharmaceutical Corporation | ||||||||
| Biohaven | Biohaven Pharmaceutical Holding Company Ltd. | NSCLC | non-small cell lung cancer | ||||||||
| BLA | Biologics License Application | NVAF | non-valvular atrial fibrillation | ||||||||
| CAR-T | Chimeric Antigen Receptor T cells | OCE | Oncology Center of Excellence | ||||||||
| Celgene | Celgene Corporation acquired by BMS on November 20, 2019 | OECD | Organization for Economic Co-operation and Development | ||||||||
| CERCLA | U.S. Comprehensive Environmental Response, Compensation and Liability Act | oHCM | obstructive hypertrophic cardiomyopathy | ||||||||
| CGDP | Coverage Gap Discount Program | OIG | Office of Inspector General of the U.S. Department of Health and Human Services | ||||||||
| cGMP | current Good Manufacturing Practices | Ono | Ono Pharmaceutical Co., Ltd. | ||||||||
| Cheplapharm | Cheplapharm Arzneimittel GmbH | Orum | Orum Therapeutics | ||||||||
| CHMP | Committee for Medicinal Products for Human Use | Otsuka | Otsuka Pharmaceutical Co., Ltd. | ||||||||
| CLL | Chronic lymphocytic leukemia | PBMs | Pharmacy Benefit Managers | ||||||||
| CML | chronic myeloid leukemia | PCAOB | Public Company Accounting Oversight Board | ||||||||
| COSO | Committee of Sponsoring Organizations of the Treadway Commission | PD-1 | programmed death receptor-1 | ||||||||
| CRC | colorectal carcinoma | PDMA | Prescription Drug Marketing Act | ||||||||
| DLBCL | diffuse large B-cell lymphoma | PDUFA | Prescription Drug User Fee Act | ||||||||
| Dragonfly | Dragonfly Therapeutics, Inc. | Pfizer | Pfizer, Inc. | ||||||||
| DSA | Distribution Services Agreement | PhRMA Code | Pharmaceutical Research and Manufacturers of America’s Professional Practices Code | ||||||||
| EC | European Commission | PPF | progressive pulmonary fibrosis | ||||||||
| EGFR | estimated glomerular filtration rate | Prothena | Prothena Corporation | ||||||||
| Eisai | Eisai Co., Ltd. | PRP | potentially responsible party | ||||||||
| EMA | European Medicines Agency | PsA | psoriatic arthritis | ||||||||
| EPS | earnings per share | PTR | patent term restoration | ||||||||
| ESA | erythoropoiesis-stimulating agent | R&D | research and development | ||||||||
| EU | except as otherwise noted, EU refers to the countries that are members of the European Union plus the United Kingdom | RA | rheumatoid arthritis | ||||||||
| Evotec | Evotec SE | RayzeBio | RayzeBio, Inc. | ||||||||
| Exchange Act | the Securities Exchange Act o 1934 | RCC | renal cell carcinoma | ||||||||
| FASB | Financial Accounting Standards Board | RDP | Regulatory Data Protection | ||||||||
| FDA | U.S. Food and Drug Administration | REMS | Risk Evaluation and Mitigation Strategy | ||||||||
| FL | follicular lymphoma | Roche | Roche Holding AG | ||||||||
| GAAP | U.S. generally accepted accounting principles | ROS1 | c-ros oncogene 1 | ||||||||
| Gilead | Gilead Sciences, Inc. | RS | ring sideroblast | ||||||||
| GILTI | global intangible low taxed income | Sanofi | Sanofi S.A. | ||||||||
| GlaxoSmithKline | GlaxoSmithKline PLC | SEC | U.S. Securities and Exchange Commission | ||||||||
| GTN | gross-to-net | SLE | systemic lupus erythematosus | ||||||||
| Halozyme | Halozyme Therapeutics, Inc. | SLL | small lymphocytic lymphoma | ||||||||
| HCC | hepatocellular carcinoma | SOFR | Secured Overnight Financing Rate | ||||||||
| HCM | hypertrophic cardiomyopathy | SPC | Supplementary Protection Certificate | ||||||||
| IMDC | International Metastatic Renal Cell Carcinoma Database Consortium | SystImmune | SystImmune, Inc. | ||||||||
| Immatics | Immatics N.V. | Takeda | Takeda Pharmaceutical Company Limited | ||||||||
| IO | immuno-oncology | TCJA | the Tax Cuts and Jobs Act of 2017 | ||||||||
| IPF | idiopathic pulmonary fibrosis | Turning Point | Turning Point Therapeutics, Inc. | ||||||||
| IPRD | in-process research and development | UC | ulcerative colitis | ||||||||
| IRA | Inflation Reduction Act of 2022 | UK | United Kingdom | ||||||||
| IRS | Internal Revenue Services | U.S. | United States | ||||||||
| JIA | Juvenile Idiopathic Arthritis | VAT | value added tax | ||||||||
| Karuna | Karuna Therapeutics, Inc. | WTO | World Trade Organization | ||||||||
| LBCL | large B-cell lymphoma | ||||||||||
| Lilly | Eli Lilly and Company |
EXHIBIT INDEX
The Exhibits listed below are identified by numbers corresponding to the Exhibit Table of Item 601 of Regulation S-K. The Exhibits designated by the symbol ‡‡ are management contracts or compensatory plans or arrangements required to be filed pursuant to Item 15. The symbol ‡ in the Page column indicates that the Exhibit has been previously filed with the Commission and is incorporated herein by reference. Unless otherwise indicated, all Exhibits are part of Commission File Number 1-1136.
| † | Confidential treatment has been granted for certain portions which are omitted in the copy of the exhibit electronically filed with the Commission. |
| * | Indicates, in this 2024 Form 10-K, brand names of products, which are registered trademarks not solely owned by the Company or its subsidiaries. Abilify is a trademark of Otsuka Pharmaceutical Co., Ltd.; Cabometyx is a trademark of Exelixis, Inc.; Farxiga and Onglyza are trademarks of AstraZeneca AB; Gleevec is a trademark of Novartis AG; Keytruda is a trademark of Merck Sharp & Dohme Corp.; Otezla is a trademark of Amgen Inc.; Plavix is a trademark of Sanofi; and Tecentriq is a trademark of Genentech, Inc. Brand names of products that are in all italicized letters, without an asterisk, are registered trademarks of BMS and/or one of its subsidiaries. |
Previous: Item 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULE.