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I want to start this article by reminding you of an upcoming event that not only plays a key role and is highly valued among medical oncologists but also attracts significant interest from Wall Street.
That
Bristol-Myers Squibb At ASCO 2025: A Resilient Play Amid Market Turbulence
Summary
- Despite socio-economic challenges and pressure from the generic versions of Revlimid and Abraxane, Bristol-Myers Squibb Company's financial position continues to improve.
- It raised its 2025 diluted EPS guidance from $6.55-$6.85 to $6.7-$7, as well as revenue expectations from $45.5 billion to $45.8-$46.8 billion.
- Bristol-Myers Squibb's key franchises remain oncology and cardiovascular, primarily due to the strong performance of Opdivo, Camzyos, and Reblozyl.
- Moreover, on May 15, it pleased me by announcing the European Commission's approval of the perioperative regimen of Opdivo with chemotherapy for the treatment of certain patients with NSCLC.
- Finally, in this article, I will provide a detailed analysis of the factors that explain why I am upgrading BMY stock's rating from Buy to Strong Buy.
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