Why this major drugmaker no longer has an ‘IT department' [Fortune]
Bristol-Myers Squibb Company (BMY)
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Source: Fortune
“We don't use the word IT anymore,” says Ricci, who was appointed to lead the data, digital, and technology function at the Japan-based pharmaceutical giant since 2022. “We truly believe our function is a business function.” While that may seem mostly symbolic, Takeda, which develops treatments for oncology, rare diseases, and gastrointestinal and inflammation, has substantially reorganized the technology function under Ricci's leadership. Ricci reports directly to CEO Christophe Weber, giving the technology division a prime position within the C-suite. His predecessor had reported to the chief financial officer. Three years ago, 80% of the company's technology needs were performed by external contractors. Ricci disliked relying so heavily on third parties, and Takeda hired thousands of engineers, data scientists, and architects. He put them in three major innovation centers, called “digital factories” internally, in India, Mexico, and Slovakia to co-develop technology with vario
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BMY
Earnings
- 10/31/24 - Beat
BMY
Sec Filings
- 11/5/24 - Form 4
- 11/5/24 - Form 4
- 11/5/24 - Form 4
- BMY's page on the SEC website