Bristol-Myers Placed A Big Bet On Celgene’s Pipeline. Will It Pay Off For Investors?

On Nov. 20, Bristol-Myers Squibb (NYSE: BMY) announced the completion of its $74 billion acquisition of Celgene (NASDAQ: CELG). Bristol-Myers' strategy centers on merging an innovative, agile biotechnology company with the reach and resources of a major pharmaceutical company. Without question, Celgene brings an exciting pipeline, however, it also brings a large drug, Revlimid, that is set to lose its patent protection and face generic competition in the not-so-distant future.