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BMS Revenues Soar, But High-Flying Revlimid Is A Big Driver

First Generic Due In 2022; How Will Bristol Fill $12.1bn Gap?

 
• By Mandy Jackson

The Celgene acquisition gave BMS a new top-selling drug but Revlimid revenue will start to decline as soon as next year and it is likely to take many new products to replace it.

Airliner in flight
Revlimid generated $12.1bn in 2020 sales as Bristol's top-selling product • Source: Shutterstock

Bristol Myers Squibb Company’s fourth quarter and full year 2020 revenue beat analyst consensus, but the addition of Revlimid (lenalidomide) to the portfolio in late 2019 was a big contributor to last year’s growth. Since the first generic competition for the multiple myeloma blockbuster will emerge in 2022, BMS faced many questions during its 4 February earnings call about how the biopharmaceutical giant will fill the coming revenue gap.

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