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INCREASING COMPETITION CUTS BRISTOL-MYERS SALES
Bristol-Myers Squibb has become the latest drug maker to post lower revenue, announcing a fourth-quarter sales decline of nearly 3 percent, to $5.02 billion, as competition increased for the cholesterol-lowering drug Pravachol, its second-biggest seller. As uncertainties seemed to mount, Bristol-Myers on Wednesday also predicted lower sales and earnings for 2006, with generic competition and patent losses significantly weighing down sales.
International Herald Tribune (http://www.iht.com/articles/2006/01/26/business/bristol.php)
KEYWORDS Daily International Pharma Alert
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