Bristol-Myers, which sells blood thinner Plavix, the world’s second best-selling drug, reported third-quarter net income of $949 million, or 55 cents per share. That’s down nearly 2 percent from $966 million, or 48 cents per share, in the year-ago quarter.

Chief executive Lamberto Andreotti told analysts on a conference call that Bristol had received a Food and Drug Administration warning letter about problems at its manufacturing plant in Manati, Puerto Rico. He did not give specifics but said the company is responding.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]