CLAIM #12246 · Bristol-Myers Squibb Company (BMY) · 2025Q4 earnings call · Feb 5, 2026 · due Dec 31, 2026
“But also we have the risk of like a Red Sea and generics coming this year, which would impact that growth portfolio.”
David Elkins · CFO
How to check this claim
Look at: Growth portfolio revenue growth rate, full year, versus mid-single-digit guidance framing
It came true if: Full-year growth portfolio revenue growth < mid-single-digit range (i.e., below approximately 3-5%), attributable in commentary to generic erosion impact
Where: Company quarterly/annual earnings release and segment revenue disclosures (10-K/10-Q, Q4 2026 call)
In context
“risk for a stroke. And, you know, they had significant concerns around bleeding. And so we know safety is important. We believe a differentiated bleeding profile will drive demand versus standard of care. We've had a number of payer discussions already. That suggest that the potential of improved benefit-risk profile will be a strong value proposition, and we would also expect there to be an economic benefit of using Novaxin over Eliquis in terms of bleeding events. That are avoided. So we look forward to the data readout at the 2026. And we're confident this product has multibillion-dollar potential. David Elkins: Yes. And Terence Flynn, you're absolutely right. In your math and thinking about the growth portfolio. We feel really good about the growth portfolio, mid-single-digit growth. But also we have the risk of like a Red Sea and generics coming this year, which would impact that growth portfolio. But we feel really good about where we exited 2025 and about the prospects heading into '26 now. Right. Thanks, David Elkins. Let's take our next question please. Operator: Thank you. And our next question today comes from Jeff Meacham from Citi. Please go ahead. Jeff Meacham: Great. Morning, everyone. Thanks so much for the question. I have a couple. So one for Adam Lenkowsky, I guess, on CoBINCI. There's a lot of excitement earlier last year, you just given its mechanism and lack of innovation in the category, but we really haven't seen an inflection point in sales. I guess, is there a bottleneck in access that you really have to still work through? I'm just trying to figure out the steps to see sequential acceleration. And then on PUMITAMIG, I guess for maybe for Christopher Boerner or”
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SEC filings for BMY ↗ · Claim quote is verbatim from the 2025Q4 earnings call.