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January 25, 2007
By: Tim Wright
Editor-in-Chief, Contract Pharma
Bristol-Myers Squibb 4Q Revenues: $4.2 billion (-16%) 4Q Loss: $134 million (earnings were $499 million in 4Q2005) FY Revenues: $17.9 billion (-7%) FY Earnings: $1.6 billion (earnings were $3 billion FY2005) Comments: Loss in the quarter was driven by an increase in litigation reserves and early debt retirement costs. Worldwide pharmaceutical sales decreased 22% to $3.1 billion in quarter. U.S. pharmaceutical sales decreased 32% to $1.5 billion, primarily due to lower sales of...
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