Double down

Why Inhibitex HCV failure cost BMS twice the $2.5B it paid for the biotech

Bristol-Myers Squibb Co.'s suspension and subsequent termination of BMS-986094 cost the pharma about $5 billion in market cap, double the $2.5 billion it paid to add the HCV therapeutic to its pipeline less than nine months ago. The extra penalty suggests the Street has broadly devalued the pharma's now "nuc"-less

Read the full 505 word article

User Sign In

Article Purchase

This article may not be distributed to non-subscribers

PURCHASE THIS ARTICLE FOR LIMITED ONE-TIME DISTRIBUTION AND WEBSITE POSTING $995.00 USD

PURCHASE