Earnings Outlook: Biogen, Celgene, Bristol-Myers and AbbVie report earnings this week: Here’s what to expect [MarketWatch]
CELGENE (CELG)
Last celgene earnings: 10/31 07:30 am
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Source: MarketWatch
Biogen, Celgene, Bristol-Myers and AbbVie report earnings this week: Here’s what to expect Celgene Corp., Biogen Inc., Bristol-Myers Squibb Co. and AbbVie Inc. are all scheduled to report earnings this week. These companies’ BIIB, +0.38% BMY, +0.21% ABBV, -0.27% second-quarter results are dropping during an uncertain time in the biopharmaceutical industry. Companies are facing several potential changes in health policy, including a proposal to shift the risk of Medicare Part D catastrophic coverage from patients and the federal government to health plans and manufacturers. Read : Health stocks under pressure in wake of Trump plan to issue executive order on drug pricing and Trump administration preparing executive order on health-cost disclosure, regional hospital monopolies Biopharma companies, many of which rely on just one or two drugs for a big chunk of revenue, are also facing increasingly fierce generic competition. Investors want to know how these companies will gr
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