Can BMS be salvaged?

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anonymous said:
The ship has been sinking for a while now. People are trying to get their crumbs before it hits bottom. For me, since we returned to office after the lock down, PPK has felt like a never ending wake. Covid probably slowed the descent a bit, but it's fall has quickened over the past year or so.
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But Celgene's Revlamid (taking its last, market value agonal gasps) and their dazziling R&D creative pipeline were poised to save BMS' day, right?
Here's the truth: Dissenting BOD voices were right about that crappy Celgene deal. The talent left BMS when Ruperts Toadies all were shoved in to "show BMS how we do things" (by writing checks, by the way) , and BMS just catered.
 




anonymous said:
But Celgene's Revlamid (taking its last, market value agonal gasps) and their dazziling R&D creative pipeline were poised to save BMS' day, right?
Here's the truth: Dissenting BOD voices were right about that crappy Celgene deal. The talent left BMS when Ruperts Toadies all were shoved in to "show BMS how we do things" (by writing checks, by the way) , and BMS just catered.
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100%. What happened to Boerner’s comment from Q4 2023 town hall that he will be leaving in May to head the BMS board? June and dude is still here.
 




anonymous said:
You BMS-lifers are just too funny. Celgene was a life preserver spackling over the deep fissures created by yers of mismanagement. Without the Revlimid $ to carry your lame asses, you would have sunk more quickly into the depth of ineptitude that seem to approach with more certainty each passing day. How many time do you need to be reminded, you sold off a multi-billion $ juggernaut for a JAK inhibitor already tattooed with a negative class halo, passed on sotatercept, squandered the commercial viability of the ozanimod MS/UC franchise, fumbled multiple launches in a variety of therapeutic categories. There is a reason why people say “Same Old BMS” because a complete lack of innovation, and mid-90’s reach & frequency paradigm thinking. Look at the parade of clowns we’ve seen come and go over the last 5 year. If you want to see what I am saying just spend a couple of hours at PPK. Be sure to go early in the morning around 8AM. You can park anywhere you want and even roll a yoga mat out in the middle of the office because no one will arrive until 9-9:30 and when they do its down to the Starbucks for coffee and then a vigorous hour-long discussion on what they ate for dinner the night before and what they want for lunch. Around 11 the tone shifts from a busy morning of chit chat and sending 3 emails about the next POA & executive spotlights to heading downstairs for lunch. Between 11:30-1 the cafeteria is like Lollapalooza. Every kind of cubicle clown is there without a care in the world. Corporate may even have a giveaway table for everyone to help themselves to. Between 1PM - 3:30 it tends to get quiet due to the collective post-prandial spike but close to 3:45 things start to percolate. It is at this time that you better not be standing anywhere near the elevators or the stairs or risk getting run over by the swell of humanity leaving the collective stresses of the day behind. BMS is singularly unique in it’s ability to be home to so many clock watching, passive people who have no motivation to be otherwise. In fact, they are celebrated for it. So yeah, blame Celgene for the self-inflicted crap we are experiencing. In fact, now that I think about it, Boner, Lerch & Tina were all former Celgene people right?
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Before the Celgene deal, BMS had revenue. After rosy projections for success with Celgene, BMS didn't make revenue. It was a bad deal.
Questions?
Bristol Myers Squibb Revenue 2010-2024 | BMY
 




anonymous said:
Celgene has better pipeline. How many products Celgene and BMS developed in past the 15 years? BMS has poor Research, product development, manufacturing and marketing. Company lost its way with Eliquis and Yervoy success. Too many management roles, departments and decision-making layers. Technical competency is pretty poor across all levels. It is sad but it is what it is.
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"Celgene has better pipeline"
-signed, someone who doesn't know pipelines
"How many products Celgene and BMS developed in past the 15 years?"
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Internally, BMS had dozens of development programs, and notoriously poor executive courage, and absolutely piss poor early clinical expertise and execution. (Mike Giordano and company were the poster children.)-Their BOD would never admit these points.

As for internally developed molecules, Celgene had exactly 1. (They bought their pipeline with cash, and nearly screwed up their application.)
BMS has poor Research, product development, manufacturing and marketing.
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Celgene has none of these things (except what they bought). They have CAR-T mfr'ing-(That's pretty messed up, BTW.)
Company lost its way with Eliquis and Yervoy success.
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Millions of lives saved. Standard of care. Suck on it, Celgene fanboy.

Too many management roles, departments and decision-making layers
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Funny thing is that BMS was super lean and there were about 4 layers top to bottom before Celgene. Then Celgene brought all their humps in, promoted seemingly hundreds of junior people, and expinentially expanded the geographic footprint. That was Celgene's doing, fanboy.
Technical competency is pretty poor across all levels.
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It is now. We all left!
 




anonymous said:
"Celgene has better pipeline"
-signed, someone who doesn't know pipelines

Internally, BMS had dozens of development programs, and notoriously poor executive courage, and absolutely piss poor early clinical expertise and execution. (Mike Giordano and company were the poster children.)-Their BOD would never admit these points.

As for internally developed molecules, Celgene had exactly 1. (They bought their pipeline with cash, and nearly screwed up their application.)

Celgene has none of these things (except what they bought). They have CAR-T mfr'ing-(That's pretty messed up, BTW.)

Millions of lives saved. Standard of care. Suck on it, Celgene fanboy.


Funny thing is that BMS was super lean and there were about 4 layers top to bottom before Celgene. Then Celgene brought all their humps in, promoted seemingly hundreds of junior people, and expinentially expanded the geographic footprint. That was Celgene's doing, fanboy.

It is now. We all left!
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Standing ovation.
Celgene was a one drug company. Celgene came in with no ethics and dominated the naive BMS people. Everyone and their mother in BMS were kissing up to Celgene instead of showing them their place. Happening now as we speak. Unethical org with no brains. That’s Celgene. BMS left its way of working to do all the wrong things the Celgene way. Look at the leftover Celgene. All tight knit and slowly removing BMS people maliciously. All leftover Celgene are unethical and do not follow any BMS regs or SOPs or practically anything. To this day, they don’t consider themselves part of BMS. Rotten bunch.
 








anonymous said:
Standing ovation.
Celgene was a one drug company. Celgene came in with no ethics and dominated the naive BMS people. Everyone and their mother in BMS were kissing up to Celgene instead of showing them their place. Happening now as we speak. Unethical org with no brains. That’s Celgene. BMS left its way of working to do all the wrong things the Celgene way. Look at the leftover Celgene. All tight knit and slowly removing BMS people maliciously. All leftover Celgene are unethical and do not follow any BMS regs or SOPs or practically anything. To this day, they don’t consider themselves part of BMS. Rotten bunch.
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The check-writing Celgene Team guiding the bleaching bones of the once great BMS R&D Division isn't going to salvage BMS. Within the industry, people gasp at how quickly the place fell apart, and became toxic after the Celgene acquisition. It will take decades to repair, and will only happen after the addled execs currently in place, get exiled.
 








anonymous said:
The check-writing Celgene Team guiding the bleaching bones of the once great BMS R&D Division isn't going to salvage BMS. Within the industry, people gasp at how quickly the place fell apart, and became toxic after the Celgene acquisition. It will take decades to repair, and will only happen after the addled execs currently in place, get exiled.
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Ah, yes...BMS was a bastion of excellence and Celgene foisted itself upon it to permanently soil its richly cultivated legacy. Pour yourself another shot of grain alcohol or better yet, funnel the entire bottle because you are truly delusional. The people running this crap place are BMS lifers!! Its like blaming the ice cube for spoiling the drink. This company lucked out with Opdivo and Orencia and proceeded to sit on its ass for years which then prompted an acquisition binge. You want to see a prime example, see how we got lapped & our asses kicked by Keytruda. Forget about anything else for a second and look at that because it is the purest view of the lack of vision, operational execution, leadership and lifecycle management you could ever find. Stepping inside of HQ is like going back in time to a woke "Mad Men" episode. Its business as usual, no innovation, leadership or accountability. Dont believe me? Just look at the knuckleheads in charge- they are all BMS lifers. Now go get your shine box
 




anonymous said:
Ah, yes...BMS was a bastion of excellence and Celgene foisted itself upon it to permanently soil its richly cultivated legacy. Pour yourself another shot of grain alcohol or better yet, funnel the entire bottle because you are truly delusional. The people running this crap place are BMS lifers!! Its like blaming the ice cube for spoiling the drink. This company lucked out with Opdivo and Orencia and proceeded to sit on its ass for years which then prompted an acquisition binge. You want to see a prime example, see how we got lapped & our asses kicked by Keytruda. Forget about anything else for a second and look at that because it is the purest view of the lack of vision, operational execution, leadership and lifecycle management you could ever find. Stepping inside of HQ is like going back in time to a woke "Mad Men" episode. Its business as usual, no innovation, leadership or accountability. Dont believe me? Just look at the knuckleheads in charge- they are all BMS lifers. Now go get your shine box
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Tons of selfish and unethical Celgene knuckleheads heading or high up in many parts of the org. Celgene people in hematology still going strong keeping their own people and kicking out BMS and non white Celgene. The drug development for all the promising drugs has been delayed by years or stopped but the illusion created by these people is unbelievable. Iberdomide and Mezigdomide extensively delayed because FDA rejected the data asking to conduct a long phase 3 study. The study design was a disaster. Alnuctamab development has stopped because other companies flew ahead and got their drugs approved. Abecma is a failure. Breyanzi patient population is too small for adequate returns. Brains behind Rev are in the cosmos. Only Celgene fools are stuck to each other and keeping themselves together. BMS morons are watching and sleeping. Disaster after disaster but Celgene people are not moving.
 




anonymous said:
Tons of selfish and unethical Celgene knuckleheads heading or high up in many parts of the org. Celgene people in hematology still going strong keeping their own people and kicking out BMS and non white Celgene. The drug development for all the promising drugs has been delayed by years or stopped but the illusion created by these people is unbelievable. Iberdomide and Mezigdomide extensively delayed because FDA rejected the data asking to conduct a long phase 3 study. The study design was a disaster. Alnuctamab development has stopped because other companies flew ahead and got their drugs approved. Abecma is a failure. Breyanzi patient population is too small for adequate returns. Brains behind Rev are in the cosmos. Only Celgene fools are stuck to each other and keeping themselves together. BMS morons are watching and sleeping. Disaster after disaster but Celgene people are not moving.
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Awww. Nobody can stop the great AS!
 




BMS profits are in its largest market, the US when jobs are routinely moved to Europe and Asia. Is this sustainable in the long run? Govt needs to act more definitively to make the drugs affordable. Someone should worry about people who make a living in this country. If the masses are struggling, the economy collapses and Pharma will not benefit. Govt needs to step in. Don’t even think of fighting the drug pricing legislations in the US with such low morality. Salaries and bonuses of VPs and higher are unaffordable for the messed up BMS. ED and above levels need to be cut by 60%.
 




The joke that BMS has turned into can't get any better!! A bunch of good for nothing toxic senior managers laid off at Devens CTF under the guise of cutting costs and removing middle management layers, rehired/ promoted to associate directors and same shit show continues in cell therapy!! The entire cell therapy leadership team needs to go given that breyanzi despite being a superior product is bleeding more than what it is bringing in.
 




Overworked, Underpaid, Laid off
Welcome to America!
anonymous said:
BMS profits are in its largest market, the US when jobs are routinely moved to Europe and Asia. Is this sustainable in the long run? Govt needs to act more definitively to make the drugs affordable. Someone should worry about people who make a living in this country. If the masses are struggling, the economy collapses and Pharma will not benefit. Govt needs to step in. Don’t even think of fighting the drug pricing legislations in the US with such low morality. Salaries and bonuses of VPs and higher are unaffordable for the messed up BMS. ED and above levels need to be cut by 60%.
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Overworked, Underpaid, Laid off
Welcome to America!
No money for mortgage
No money for kids
No money for retirement
LookIng for tiny house in Tx or NC
 




anonymous said:
The same clueless people who were responsible for all of the failed decision making and leadership are still in charge. Other than getting worse, nothing changes until they are swept out (Boner, Lerch and all their sycophants). Money talks so change will only happen when the board, prompted by large investors, push them out due to stagnant and declining stock price
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In a word, no.
 












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