A Company Analysis of Bristol-Myers Squibb Essay

Bristol-Myers Squibb is a worldwide health and personal care company with major businesses in medicines, beauty care, nutritionals, and medical devices. BMS is a leader in innovative therapies for cardiovascular, metabolic and infectious diseases, central nervous system and dermatological disorders, and cancer. They are also leaders in consumer medicine, orthopedic devices, ostomy care, wound management, nutritional supplements, infant formulas, and hair and skin care products. Some of the very well-known products manufactured by Bristol-Myers Sqibb are Bufferin, Excederin, Enfamil, Clairol, and Sea Breeze. Another large part of BMS is their research and development of new pharmaceutical products. Their annual budget for research and development is in excess of one billion dollars. Bristol-Myers Squibb is the product of a merger between Bristol-Myers and Squibb Company in 1989. Bristol-Myers was originally Clinton Pharmaceuticals, a failing drug manufacturing firm. In 1887 William McLaren Bristol and John Ripley Myers invested five thousand dollars in the company and on December 13, 1887 became president and vice president respectively. In 1898 the name was changed from Clinton Pharmaceutical Company to Bristol, Myers Company. In 1899, after Myers's death, the comma was replaced by a hyphen. In 1856 Edward Robinson Squibb founded a pharmaceutical company in Brooklyn, New York. In 1895 the company became E.R. Squibb Sons when Squibb passed most of the responsibility to his sons. The company was then sold to Lowell M. Palmer and Theodore Weiker in 1905. Then in 1989 came the merger of Bristol-Myers and Sqibb creating, what was then, the second largest pharmaceutical enterprise in the world. Bristol-Myers Squibb currently employs over 57,000 people in more than 60 countries around the world. A highly diversified corporation, BMS has career opportunities in a variety of business and technical fields. For a descriptive list of current openings, as well as contact names and addresses, consult Bristol-Myers Squibb's employment page at www.bms.comjoinus. Recruiting also takes place on over 50 college campuses in the U.S. and at various job...

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