Market intelligence, trend analysis and forecasts for the Pharma and Healthcare industries across the regions

Companies / Egypt

BMS Bails On Risky Markets

October 2008 | Company News Alert

US-based Bristol-Myers Squibb (BMS)'s decision to reduce its exposure to two of the most challenging emerging markets suggests that it has lost its appetite for risk. BMS has sold its Egyptian mature products business to GlaxoSmithKline (GSK) for US$210mn. Meanwhile, Pakistan's Daily Times has quoted 'well-informed sources' within Pakistan's pharmaceutical industry that have seen confidential papers circulated by BMS, which state that the company is seeking a buyer for its local

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