Biotech Q4 Earnings Synopsis: Major Restructuring and Overall Growth Are Themes

It was a busy week for biotech quarterly and annual reports. Here’s a look at some of the top stories.

Bristol-Myers Squibb announced fourth-quarter revenues of $7.9 billion, hitting a total of $26.1 billion for the full year. The big news for the year, of course, was its $74 billion acquisition of Celgene. At this time, the company is still reorganizing the assets and operations from that deal, although it also took time this week to announce that with drug development accelerator BioMotiv it was jointly launching Anteros Pharmaceuticals to focus on a new class of drugs for fibrotic and inflammatory diseases.