For BMS, Onglyza Disappoints And Health Care Reform Takes A Toll
This article was originally published in The Pink Sheet Daily
The health care reform law, which will lower Bristol-Myers Squibb's sales by $350 million to $400 million this year, led the firm to revise earnings guidance.
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J&J's 2010 sales will be $400 million to $500 million lower due to health care reform, although J&J didn't significantly lower 2010 earnings as a result.