Bristol-Myers Squibb Co

BMY: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$43.00	Sxbt	Fvlpbnmphv

Bristol-Myers: R&D Update Highlights Mid-Range Drugs Important to Offsetting Patent Losses

Damien Conover

Sep 14, 2023

Bristol-Myers hosted a research and development event on Sept.14 highlighting several mid-stage drugs that should enter pivotal studies over the next 18 months. While the heightened visibility increases our confidence in the firm's moat, we didn't see anything that materially changed our valuation outlook. We need to see the results of the pivotal studies to materially change our projections, as the early-stage data looks promising but still uncertain.

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