Prepared for Michael B. | Delivered December 16, 2019
BMS & Celgene Merger
To obtain insights, market data, press coverage, industry appearances, and social media perceptions of BMS & Celgene to help develop a communications plan for the merged company.
A number of articles were found that highlighted insights into the BMS/Celgene merger. Some of which includes the resignation of Paul Biondi, the retirement of John Elicker and the partnership between bluebird and BMS in the creation of 'ide-cel.'
Since the completion of the merger between BMS and Celgene, Paul Biondi, Head of Strategy and Business development has left. He was poised to become
one of the 15 member
management team members for the newly formed company. BMS is now working to find a replacement for Biondi. This is being done amidst integrating Celgene with BMS' operations.
BMS announced the
retirement of John Elicker
, EVP of the corporate affairs and investor relations department. This will see Elicker leaving in March 2020 and will be replaced by Tim Power.
BMS plans to
focus on immuno-oncology
drugs. As a result, it has sold off drugs, and non-core activities where it is not strong.
BMS is now
in partnership with bluebird. Celgene was the initial partner working with bluebird on this project. Ide-cel is part of a
profit share, co-promotion
and co-development agreement between the companies.
By this acquisition, BMS Celgene is now the
second largest oncology company
in the world.
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